Three big trends on display at FinovateSpring 2018
FinovateSpring is a little less than a month away.
API
Hungary’s OTP Bank picks ACI for open banking plans
Deepens relationship with ACI via API manager and universal payments portfolio.
PaymentComponents and Infosistema API framework secures Portugal win
Caixa de Crédito Agrícola Mútuo de Torres Vedras chooses AplonAPI.
Oracle FSS unleashes 1,500 APIs for banking and payments
A new packaged solution for payments, retail and corporate banking.
SpyCloud lands $5m in funding
All is revealed by security breach detection and account takeover prevention service.
Revolut unleashes open API to all customers
Allows users to integrate Revolut for Business accounts with third party software.
Bambu goes global with new office and talent
In fintech, when the going is good, the good go global.
PaymentComponents and Natech partner for open banking push
AplonAPI will be integrated with Natech’s core banking solution.
Tesobe powers API for Forty Seven Bank
London-based banking start-up will use open source API solution.
RBC first Canadian bank to open API developer portal
Royal Bank of Canada is initially offering five API packages.
Executive decision making and emergent tech: the opposite of cricket
If decision makers want to learn, they should put in the effort. Or pass the controls to people who do.
Beyond the bustle and the noise, my Money20/20 Asia takeaways
At the right events, you get to take the pulse of an entire industry and if you listen, you shall hear.
TrueLayer integrates with Starling Bank for Open Banking push
TrueLayer can use Starling Bank’s API to securely access financial data.
solarisBank in €56.6 million funding round
BBVA, Visa and ABN Amro are among the new investors in solarisBank.
Ditto teams with Bankable for UK Faster Payment Scheme API access
“A step in the right direction to help Ditto towards its ambition of becoming a borderless bank.”
The Future of European Fintech Alliance calls for API banking order
Alliance wants to ensure bank APIs under PSD2 have the necessary functionalities and performance.
Switch unveils Cardsavr API to get cards into e-commerce circulation faster
The “first and only” fintech addressing this credit card management issue for consumers, merchants and FIs.
BIAN plans API hours with new guidelines
Banking Industry Architecture Network publishes updated version of its standardised global IT architecture model.
Q2 and Acorns strike a multi-year tech deal
Digital banking solutions provider Q2 has signed a deal with financial services platform Acorns.
Glossary: what’s what in fintech
What’s what in fintech? Here is a glossary of the most commonly used terms.
Dwolla lands $12m in funding
The funds will be used to support Dwolla’s growing capital requirements and to expand its team.
Blockchain tech firm Stratumn opens public beta for IndigoTrace
Blockchain tech start-up Stratumn has launched the beta of its new plug-and-play software.
Payments round-up: 30 January 2018
Featuring Vocalink, Shieldpay, Huawei, UnionPay, Pelican, PaymentComponents, Infosistema and Banco BAI Europa.
API developer platform TrueLayer integrates with Monzo
Takes advantage of the UK’s new open banking rules.
Dwolla to power ID verification for Yahoo’s Tanda savings app
Tanda app is intended to be used as an alternative to credit cards or short term loans
Open banking: what you need to know
The landscape for financial services is changing, and the jury is still out on how the endgame is going to play out.
Envestnet | Yodlee unveils API solution for PSD2 compliance
To comply with the UK’s PSD2 and open banking API specifications for account information services.
Swift Institute launches data protection challenge Down Under
Aimed at challenging students in all levels of further education in Australia.
OfferZen and Standard Bank to launch bank account for developers, Root
2018 will see the launch of Root in South Africa, a bank account for developers.
A look back at 2017 and ringing in a new year for the payments industry
2017 has been another eventful year for the payments industry. From celebrities like 50 Cent getting involved (more on this later) to businesses neglecting the needs of pretty much every generation bar millennials, there hasn’t been a dull moment.
UK’s open banking service to go live in January 2018
The Open Banking Implementation Entity has confirmed that the UK will be the first nation to launch open banking.
NACHA Pushes on with API Payments Dream
NACHA, the backbone for the electronic movement of money and data in the U.S., and its Payments Innovation Alliance, have named the first five APIs for their big payments push.
Chime Pulls in $18 Million, Surpasses 500,000 Bank Accounts
Chime, a mobile banking challenger co-founded by Green Dot and Visa veteran Chris Britt, has raised $18 million in Series B financing, led by global venture fund Cathay Innovation.
Payment Trends: BAI Beacon 2017 Preview
Cut through the noise and examine the payment trends most likely to affect your bottom line.
Q2 launches CardSwap with Chime Banking
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
BioConnect on Where to Start with Biometrics Investment
Ahead of FinovateFall’s kickoff in New York today, Paybefore spoke with BioConnect Chief Identity Officer Bianca Lopes about all the biometrics buzz in payments and the financial services industry. Her advice to companies looking to invest in biometrics: Don’t forget about the users.
FIDO Alliance Addresses PSD2 Screen-Scraping Debate
Despite calls from fintechs to permit screen scraping under PSD2, the FIDO Alliance sees some serious flaws with that approach, including security and privacy issues.
Banks, are you a passive data donor or a proactive data seeker?
With the arrival of new regulations, there are two main options for banks: they can choose to become either “data donors” or “data seekers”. These two positions imply opposite approaches to the new banking market that is in prospect, and sharply contrasting mentalities.
Play in Our Sandbox: Why Galileo Processing Opened Its APIs to All
Summer’s almost over, but there’s still time to play in the sand. Our decision to open our sandbox for all developers, not just clients, is a vital move in supporting creativity and innovation in payments. And, it’s speeding time to market.
Banks Look to Immediate Payments to Drive Revenue
Banks are investing in immediate payments to drive revenue, while focusing their IT investments on fraud prevention and operational efficiency, according to new benchmark data from ACI Worldwide and London-based consultancy Ovum.
