As FIs ready APIs for PSD2, they face a delicate balancing act. Nadya Hijazi — HSBC’s global head of digital, global liquidity, cash management and business banking — offers new insight on how FIs are designing API strategies that are robust enough to keep developers...
In the ever-evolving financial ecosystem, financial institutions (FIs) and other payment players must continually revise their application program interface (API) approaches. In the European Union (EU), banks had to prepare APIs in advance of the Revised Payment Services Directive (PSD2) deadline that hit this month....
The U.S. B2B eCommerce market is soaring. It was worth an estimated $9 trillion in 2018 alone, and a growing share of companies are now exchanging goods and services through B2B marketplaces. These platforms aim to provide streamlined shopping experiences for corporate customers, allowing them to...
One mistyped account number can bring cross-border payments to a grinding halt — incurring fees and delays along the way. In February’s B2B API Tracker, Citi’s Global Head of Payments and Receivables Manish Kohli tells PYMNTS how APIs that pre-validate payments data can reduce errors...
Demand for real-time payments is on the rise around the globe, and financial, tech and retail players are angling for a chance to more easily leverage them. As the Federal Reserve deliberates over launching its own faster payments rail, tech companies and retailers like Google...
For FIs, catering to corporate clients can mean tailoring their solutions to all the unique needs — but developing, managing and supporting hundreds of customized solutions can become unmanageable, fast. In the latest B2B API Tracker, YES BANK Chief Digital Officer Ritesh Pai explains how...
Open banking shows no sign of diminishing in 2019. Several countries are already enacting open banking legislation, and the trend is even growing in the U.S. market, where FIs aren’t required to share their customer data. This could have sizeable impacts on small and medium-sized...
While APIs are becoming increasingly popular and more important across a range of industries, they still have issues to be resolved. Using APIs to create an inter-connected network of banks, businesses and consumers means there’s more of a need for security, especially as consumers grow...
In the open banking era, banks can no longer think of themselves as just banks, says Tom Eck, chief technology officer at IBM. In the new B2B API Tracker, Eck explains how APIs are changing the role banks play in consumers’ financial journeys and discusses...
