Today in FinTech: Marqeta Expands APIs; Google Cloud API Security; DIFC Taps Tarabut

In today’s FinTech news, Marqeta is adding more than 40 application programming interfaces (APIs) to its dashboard, giving its clients the ability to develop and test individualized credit card experiences. Plus, hedge funds opening USDT short positions are causing further panic across crypto markets.

Marqeta Expands Credit Platform with 40 New APIs

Card-issuing platform Marqeta will soon have over 40 additional APIs available for its clients, with the added option of tapping into the program management and banking capabilities of the First National Bank of Omaha (FNBO).

Marqeta connects to FNBO’s decisioning engine, providing Marqeta’s clients with the ability to offer their customers instant credit decisions.

Google Cloud Offering Advanced API Security Built on Apigee

Advanced API Security, a new product built on Google’s API management platform Apigee, is now offered by Google Cloud.

The product exposes security threats related to APIs by detecting incorrect API configurations and spotting bots. Google Cloud’s new product continually reviews managed APIs and makes recommendations when configuration issues are discovered.

DIFC Taps Tarabut Gateway for MENA’s First Open Finance Lab Partner

The Dubai International Financial Centre (DIFC) has chosen the open banking platform Tarabut Gateway as the preferred technical platform partner for its new Open Finance Lab, which is working with four banks and one FinTech in a six-month program to promote the development and growth of the United Arab Emirates’ financial technology sector.

The lab will spotlight the positive impacts open finance has had on businesses, customers and the wider economy.

Hedge Fund Attacks Threaten Top Stablecoin — and Whole Crypto Market

Hedge funds outside the crypto space have for months been shorting Tether’s USDT — the largest stablecoin — for hundreds of millions.

A run on USDT would be much worse than the $48 billion run on the TerraUSD stablecoin and its partner token LUNA in May that led to its subsequent collapse.

Trustly, Gr4vy Ink Deal for Open Banking Payment Services

Trustly and Gr4vy are partnering for cloud-based open banking payments, and Trustly’s open banking account-to-account solutions will be integrated with Gr4vy’s cloud-based payments platform.

Merchants operating on the Gr4vy platform will get a less expensive method of accepting payments with Trustly, along with a higher rate of approvals.