Application programming interfaces (APIs) may be underutilized in business and financial sectors. Recent surveys have found that many bankers and small business (SMB) owners are unaware of how to use business-to-business (B2B) APIs securely and optimally. A survey of Hong Kong and Singaporean bankers, for...
Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from simple peer-to-peer (P2P) transfers to industrial-sized B2B real-time payments. But many small and medium-sized businesses (SMBs) are missing out on...
Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy. Companies must manage increased data processing and transaction volumes for their clients, and the stress pushes many to rely on multiple banks to keep operations...
Corporates no longer tolerate “swivel chair” solutions that force them to switch back and forth between different software solutions and different bank websites just to manage their cash position. Imran Haider, executive vice president of open APIs for Wells Fargo, tells PYMNTS there’s a simple...
Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable financial institutions (FIs) to give their business customers a wider array of services, by enabling them to pull banking data into third-party accounting...
There is as yet no Venmo or Zelle for the $38 trillion global business-to-business (B2B) payments sector. That’s surprising for several reasons, and here’s a good one: nearly 70 percent of accounts payable (AP) professionals say suppliers value payments speed above all. Contrast that with...
Access to real-time payments (RTP) could resolve various headaches for businesses, as many do not want to face the uncertainties associated with late payment deliveries to suppliers and employees. Firms also crave access to precise, real-time financial information so they can better manage their liquidities....
Companies often use multiple banking portals, causing headaches for corporate treasurers who must manually pull data from all these sources. But giving treasurers application programming interface (API) solutions could be key to helping them quickly automate these and other time-consuming tasks. In the latest B2B...
Financial institutions (FIs) are locked in competition as they seek to serve the $38 trillion global business-to-business (B2B) payments sector, which could use some major changes: B2B payments too often take the form of paper checks winding their way through the mail, and accounts payable...
