The role application programming interfaces (APIs) play in allowing financial institutions (FIs) and FinTechs to cooperate on banking products without worrying about interoperability between systems is crucial. A recent survey found that 91 percent of FIs plan to work with FinTechs to improve their banking...
Glitches such as those arising from faulty APIs can lead up to 88 percent of app users to abandon them, making it make or break for banks to constantly monitor their APIs’ performance. In this month’s B2B API Tracker, PYMNTS spoke with Skandinaviska Enskilda Banken...
Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such...
Against the larger backdrop of the coronavirus pandemic, shelter-in-place orders and shuttering of businesses, people have been staying at home. Because of this, Bjorn Ovick, chief commercial officer at RS2 Software, told PYMNTS that merchants across all manner of verticals are shifting to a direct-to-consumer...
The coronavirus pandemic has exposed vulnerabilities across doing business as usual, as the nature of commerce and how we pay has changed on a dime, moving online with breathtaking speed. To that end, said Daniela Mielke, CEO at RS2 Software, in an interview with Karen...
The digital transformation of corporate treasury is not a destination; it’s a journey. In an interview with Karen Webster, Sairam Rangachari, global head of Digital Channels and Open Banking, Wholesale Payments at J.P. Morgan, said treasurers seeking to gain visibility into cash management can find...
B2B commerce was headed in a digital direction – albeit slowly – before anyone ever heard of COVID-19, with 13 percent of U.S. B2B transactions expected to happen online by 2021 pre-pandemic. That’s all going to change now as B2B commerce adapts to the new...
The sizable B2B commerce economic sector is going digital, and more than 13 percent of the U.S.’s B2B transactions are expected to take place online by 2021. Traditional purchasing, which occurs when corporate buyers call in orders and receive paper invoices via postal mail, is...
Social distancing has changed eCommerce from a ‘want to have’ to a ‘must have’ for businesses, yet retailers could struggle to create convenient payment and refund experiences for their apps and websites, says Abdul Raof Latiff, head of DBS Bank's digital institutional banking group. In...
