Demand for real-time payments is on the rise around the globe, and financial, tech and retail players are angling for a chance to more easily leverage them. As the Federal Reserve deliberates over launching its own faster payments rail, tech companies and retailers like Google...
For FIs, catering to corporate clients can mean tailoring their solutions to all the unique needs — but developing, managing and supporting hundreds of customized solutions can become unmanageable, fast. In the latest B2B API Tracker, YES BANK Chief Digital Officer Ritesh Pai explains how...
Open banking shows no sign of diminishing in 2019. Several countries are already enacting open banking legislation, and the trend is even growing in the U.S. market, where FIs aren’t required to share their customer data. This could have sizeable impacts on small and medium-sized...
While APIs are becoming increasingly popular and more important across a range of industries, they still have issues to be resolved. Using APIs to create an inter-connected network of banks, businesses and consumers means there’s more of a need for security, especially as consumers grow...
In the open banking era, banks can no longer think of themselves as just banks, says Tom Eck, chief technology officer at IBM. In the new B2B API Tracker, Eck explains how APIs are changing the role banks play in consumers’ financial journeys and discusses...
Open banking initiatives are changing the way banks operate and engage with third parties and partners. However, those are not the only changes the movement is causing — it’s also having an unexpected side effect of pushing banks to reimagine their traditional roles as financial...
Old-school FIs typically rely on outdated consumer data from credit bureaus to review a consumer’s financial viability. However, APIs can help FIs review transactional bank data to generate a more accurate consumer financial health picture, reducing the potential for issuing risky loans. In October’s B2B...
The rivalry that banks and FinTech firms might have experienced in the past now appears to be behind them. Both sides of the financial landscape appear ready to collaborate, with APIs acting to bridge the divide and to facilitate financial innovations. However, APIs are not...
From excessive prices to sold-out shows, online search for theater tickets can be fraught with friction. But in London’s West End district, APIs are quickly connecting customers with their ideal seats. In the September B2B API Tracker, Mark Prethero, director of partnerships for London Theatre...