There’s a new startup looking to solve a problem in financial services every day — and each week we’re picking three of them for a closer look. Of the three startups we’re profiling this week, two aim to solve consumer pain points — bill payment and credit card debt — whileRead More
Post Tagged with: "API Banking"
Here’s a quiz for you: Which commands a greater price today: A) a financial product; or B) the distribution of that financial product? If you answer B, then you were right — or you work at Xignite. Xignite, which is raising a new round of funding, has made its business beingRead More
Bank Innovation has teamed with the Open Bank Project to conduct a research initiative surrounding the use of APIs in banking. Specifically, Bank Innovation and the Open Bank Project will undertake a research survey to better understand how banks worldwide are prioritizing API initiatives and why. We intend for the query to uncoverRead More
Why would a bank need an app store? For one thing, customers will demand it, said Simon Redfern, who heads up the Berlin-based Open Bank Project. The ecosystem of services built around core offerings has certainly helped companies such as Amazon and Apple. Currently in discussion with a major centralRead More
Banks have a nearly one-size-fits-all product model which leaves value on the table. For instance, when a bank releases a new online or mobile banking system, it will often be an identical system, with the exact same interface, for all clients of a particular segment. But oil companies like ChevronRead More
We offer this new dictum: Context is king when it comes to transaction data — and one new startup is staking its future on that. Today, it is becoming standard in banking for APIs (application programming interfaces) to provide rich contextual data in order to deliver value to developers andRead More