For many businesses both large and small, payments received on a timely basis can give a boost to a business’ efforts to remain financially sound, hire new staff or move forward with expansion plans. Late payments, meanwhile, can damage relationships with business partners, banks and...
Businesses understand all too well the importance of delivering and receiving payments fast as a means to grow and stay competitive. That’s why so many companies, from financial firms to payment solution providers to even theater ticket sellers, are turning to API solutions to make...
No one likes standing in lines, whether inside a brick-and-mortar store or in the virtual waiting room of a slow-moving or complicated online checkout process. Making it easy for consumers to hand over their payments — and earning their loyalty by doing so — is...
With growing competition in the financial services sector, financial institutions (FIs) from Hong Kong to the U.K. are offering open APIs to developers to stay ahead of the curve. The August edition of the B2B API Tracker explores how banks and other financial players are...
The sea change that is afoot in financial services is drawing a bead on APIs, as a new Citi report notes. Patents filings are grabbing headlines in the US, while open banking has traction in Europe, with a few firms targeting services for micro businesses....
In the financial services space, it’s disrupt or be disrupted. For FIs, this means owning the disruption by developing and deploying their own API solutions in-house instead of turning to outside consultants. In the July B2B API Tracker, Rene Schuurman, global market manager of Citi’s...
In the transportation and hospitality markets, when players like Uber, Lyft and Airbnb made headway, legacy players in the space were largely caught off guard. On the other hand, in the financial services space, APIs are helping banks to lead their own disruptive destinies instead...
Legacy banks have a problem. FIs are embracing APIs to offer customers new features – but aren't necessarily meeting customer expectations. Fredrik Hedberg, CTO and co-founder of Tink, says FIs can offer better products by drawing smarter insights from their customers’ data. In the latest...
Banks are embracing the age of APIs seemingly more every day, with new artificial intelligence and machine learning tools promising to offer the data-driven insights that their customers crave. New research found that a growing percentage of FIs expect APIs to increase revenue in the...