Post Tagged with: "api"

Help us to complete this Banking API Wiki on Fintech Genome

Help us to complete this Banking API Wiki on Fintech Genome

by July 19, 2016 at 1:00 am 2 comments

A major theme that we track on Daily Fintech is the “programmable bank”, how innovation is enabled by APIs that abstract complex layers of utility services so that innovators can focus on “rebundling” (creating new UX based on integrating unbundled best of breed services). We are also big believers inRead More

How PSD2 Enables the Unbundling & Rebundling of the Bank

How PSD2 Enables the Unbundling & Rebundling of the Bank

by June 24, 2016 at 1:00 am 4 comments

There are two types of regulation. One is just another annoying cost/process for the bank and a wonderful opportunity for consultants, lawyers, outsourcers & IT providers. Another type of regulation fundamentally opens up the market for innovation and threatens the control of the incumbents. PSD2 is the latter type. ItRead More

Final Days of API Survey with Open Bank Project

Final Days of API Survey with Open Bank Project

by June 9, 2016 at 4:02 pm 2 comments

Bank Innovation and Berlin-based Open Bank Project reunited this year for a second annual survey on API use at banks. This week is the final week to contribute to the research. We have already received many responses — and thank you to all those who have contributed answers — but weRead More

OutsideIQ Joins Bank Innovation INV as an API Partner

OutsideIQ Joins Bank Innovation INV as an API Partner

by April 5, 2016 at 9:21 am 0 comments

Toronto-based OutsideIQ, which uses artificial intelligence and big data to help companies analyze risk, has joined Bank Innovation INV as an API partner. Bank Innovation INV is a new fintech startup accelerator run by Bank Innovation and Fiserv, and includes five banks and a host of API partners. OutsideIQ demoedRead More

Venmo API Mix-up Gives Developers a Scare

Venmo API Mix-up Gives Developers a Scare

by February 29, 2016 at 4:50 pm 1 comment

The programming, fintech, and developer worlds got a scare Feb. 26 with an announcement that Venmo’s API had been shut down. In the midst of a major switchover from an existing API to a new beta, Venmo’s developer site had been replaced with a single box stating that “the VenmoRead More

How Starbucks Rewards Will Work Through Apple Pay

How Starbucks Rewards Will Work Through Apple Pay

by October 13, 2015 at 11:17 am 0 comments

Rewards are arguably the key driver in mobile payments. That’s because: 1) swiping a card is as easy as tapping a phone, though dipping a card may be another matter; and 2) mobile payments in the U.S. basically means Starbucks. The rest, for now, are used only occasionally by earlyRead More

Forget the Plastic, Wallaby Is All About APIs Now

Forget the Plastic, Wallaby Is All About APIs Now

by September 15, 2015 at 11:20 am 0 comments

So the Wallaby card never arrived — but hey, who needs cards anymore? Wallaby began beta testing in June 2012, and received $1.1 million in seed funding that August. The goal was to provide a card that would include all the user’s cards and deploy the optimal one based on theRead More

RBS to Host Hackathon with Open Bank Project

RBS to Host Hackathon with Open Bank Project

by August 21, 2015 at 11:40 am 0 comments

Royal Bank of Scotland (RBS) will join Berlin-based Open Bank Project to hold a new hackathon in the fall. Called Hack/Make the Bank, the event will be held in Edinburgh, Scotland, the weekend of Oct. 9. The Open Bank Project (OBP) is best known for building an open-source API forRead More

Xignite Is Raising Money to Take Over Financial Data

Xignite Is Raising Money to Take Over Financial Data

by July 8, 2015 at 11:51 am 1 comment

Xignite is raising a round of funding that the company expects to close within the next few weeks, Bank Innovation has learned. Xignite’s CEO Stephane Dubois calls his company a “one-stop shop to power any financial service.” Dubois is fundraising the round — the company’s first since 2011, according to Crunchbase —Read More

API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

API Initiatives at Banks Held Back by Bureaucracy, Survey Shows

by May 1, 2015 at 11:06 am 7 comments

APIs — application programming interfaces — allow banks to create ecosystems of innovative products and technologies. Sounds good — but what prevents banks from launching initiatives to open their APIs? According to new research from Bank Innovation and the Open Bank Project, the primary obstacle is corporate culture and bureaucracy. More thanRead More