The New Singularity: Leveraging API Innovation For Cross-Border eCommerce Growth explores the use of APIs in cross-border eCommerce payments

The New Singularity: Leveraging API Innovation For Cross-Border eCommerce Growth

Banks And FinTechs Use APIs To Eliminate Cross-Border Payment Friction

FIs and FinTechs can either make expensive upgrades to digitize their legacy infrastructure or let APIs do the heavy lifting when it comes to easing cross-border payments frictions. PYMNTS’ The New Singularity playbook, a collaboration with USEND, examines the use of APIs to improve cross-border payments efficiencies and security.

Inside the December Playbook

  • APIs: Application programming interfaces can help businesses streamline compliance by granting instant access to regulatory information.
  • KYB/KYC: KYB and KYC processes can help businesses verify customers’ identities and determine whether they have been involved in illicit activities.
  • COMPLIANCE: Businesses operating globally must ensure they are abiding by all relevant regulations, even if they vary considerably among different markets.

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    Cross-Border Payments Report