Toronto-based payments platform nanoPay announced yesterday that it has raised $10 million in a Series A round in order to expand its business and offerings, most notably its open API platform, MintChip. MintChip was developed by the Royal Canadian Mint in 2012 and shuttered in 2014. In January 2016, the project wasRead More
Post Tagged with: "APIs"
APIs (application programming interfaces) are fast becoming integral to the banking world, but corporate culture has not yet caught up with the technology, according to data from a survey conducted by the Open Bank Project together with Bank Innovation. In 2015, 62% of survey respondents indicated corporate culture and bureaucracyRead More
A new series of videos highlights Visa’s eagerness to open its API platform to FIs and startups. Visa has been releasing videos for the API platform, known as Visa Developer, for several months, but the newest videos feature testimonials from institutions and startups. The platform, which launched in February, is designed to openRead More
Once again, 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 queryRead More
Banks need APIs and app ecosystems, right? That’s what services such as Yodlee and Open Bank Project have been arguing for years, but precious few banks have traveled that road. One that has is Silicon Valley Bank, which bought the banking API startup Standard Treasury last year. BBVA became anotherRead More
Dan Kimerling, head of research & development at Silicon Valley Bank, has joined the speaker faculty at Bank Innovation 2016. Kimerling co-founded Standard Treasury with Zac Townsend in 2013. Standard Treasury developed software to build an API-driven bank and was a leader in the space of fintech startups building software specifically for banks. Silicon Valley Bank acquired Standard Treasury in the summer of 2015.
You have questions. No, not college-y questions; real questions about how things work or how to program a fintech application. We’ve combed through a whole mess of questions on Stack Overflow, the developers’ forum, to narrow it down to eight valuable discussions that pinpoint crucial technical fintech information. These discussions touch onRead More
MasterCard Inc. has confirmed what many suspected: that is application programming interface, or API, offerings are leading to a larger population of smaller clients at the payments network. At a NYPAY Meetup last night in New York, Brien Buckman, who heads MasterCard’s API skunk works at the payment company’s swank Tech HubRead More
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