In the financial services space, it’s disrupt or be disrupted. For FIs, this means owning the disruption by developing and deploying their own API solutions in-house instead of turning to outside consultants. In the July B2B API Tracker, Rene Schuurman, global market manager of Citi’s...
In the transportation and hospitality markets, when players like Uber, Lyft and Airbnb made headway, legacy players in the space were largely caught off guard. On the other hand, in the financial services space, APIs are helping banks to lead their own disruptive destinies instead...
Legacy banks have a problem. FIs are embracing APIs to offer customers new features – but aren't necessarily meeting customer expectations. Fredrik Hedberg, CTO and co-founder of Tink, says FIs can offer better products by drawing smarter insights from their customers’ data. In the latest...
Banks are embracing the age of APIs seemingly more every day, with new artificial intelligence and machine learning tools promising to offer the data-driven insights that their customers crave. New research found that a growing percentage of FIs expect APIs to increase revenue in the...
After launching its CitiConnect application programming interfaces (APIs) last year, Citi‘s Treasury and Trade Solutions (TTS) continues to expand the platform. Since its rollout, Citi has processed more than 18 million API calls for account balance inquiries, payment initiation and payment status, the company said...
Revolut announced Thursday (May 17) the full release of its Open API for business customers, which it started testing roughly a month ago. In a blog post, Revolut said the response from the business community has been “nothing short of amazing,” and that the community...
Its name is Hermyz. Its mission, which just won the official admiration of Visa, is to move small businesses away from checks and paper receipts by migrating invoice management online. Hermyz took the grand prize and the $10,000 that came with it at last weekend’s...
For FIs, the biggest roadblock to innovation is often making new technology work in harmony with legacy infrastructure. So what’s a FI to do? Bruce Parker, CEO of cloud-based payments utility Modo, says the answer to getting these systems on the same page may be...
New technology and solutions powered by APIs are hitting the financial services market every day, brought on by new innovations or industry regulations. But introducing tech to stay compliant with new regulations and expecting easy adoption in a competitive space is a steep hill to...
