Financial institutions (FIs) that don’t offer application program interfaces (APIs) are courting trouble. When FIs don’t enable secure data access via APIs, FinTech firms use riskier measures, like screen scraping, says Ismail Chaib, COO of TESOBE and the Open Bank Project. In this month’s B2B...
Keeping global commerce moving requires rapid-fire, cross-border B2B payments. As financial institutions (FIs) and other corporates seek to keep pace, many are turning to application program interfaces (APIs) to help. More banks are tapping SWIFT gpi, while corporates are tapping a new offering that enables...
Facebook and Google have teamed up to create an Application Programming Interface (API) in the Chrome browser with the intention of speeding up the user experience, and making it smoother. This particular API aims to shorten the reaction times between a user input and the...
Being open about Open Banking means adopting technological change, even though there’s no requirement to do so. As Red Hat’s Justin Goldsmith, senior consulting architect, explains in the latest “State Of” discussion with Karen Webster, there’s impetus for U.S. banks to eye real-time payments and...
Open banking is here. Open API platforms take the heavy lifting off enterprises’ shoulders as firms spanning retail, health care and real estate seek to streamline the movement of funds, satisying compliance and regulatory mandates. TransCard CTO David Samples tells Karen Webster that open APIs...
As FIs ready APIs for PSD2, they face a delicate balancing act. Nadya Hijazi — HSBC’s global head of digital, global liquidity, cash management and business banking — offers new insight on how FIs are designing API strategies that are robust enough to keep developers...
In the ever-evolving financial ecosystem, financial institutions (FIs) and other payment players must continually revise their application program interface (API) approaches. In the European Union (EU), banks had to prepare APIs in advance of the Revised Payment Services Directive (PSD2) deadline that hit this month....
The U.S. B2B eCommerce market is soaring. It was worth an estimated $9 trillion in 2018 alone, and a growing share of companies are now exchanging goods and services through B2B marketplaces. These platforms aim to provide streamlined shopping experiences for corporate customers, allowing them to...
One mistyped account number can bring cross-border payments to a grinding halt — incurring fees and delays along the way. In February’s B2B API Tracker, Citi’s Global Head of Payments and Receivables Manish Kohli tells PYMNTS how APIs that pre-validate payments data can reduce errors...