Bank APIs are the foundation of European open banking. Since the EU’s second payment services directive (PSD2) came into force, regional banks have created application programming interfaces (APIs) that enable third parties to access account data and initiate payments. But while open banking highlighted numerous...
According to International Monetary Fund (IMF) data, there are more than twice as many mobile money accounts as there are bank accounts across many African countries. To give just one example, in Mali there are 935.6 registered mobile money accounts per 1000 adults, suggesting an...
Within financial services, a “plug and play” approach that’s been made easy by a surge in simple API installations is paving the way toward embedded everything. Not only is there a blurring of the lines between all manner of interactions, where functions as distinct as...
Fidel API has joined Visa Fintech Partner Connect, which connects clients to a “curated and vetted” set of fintech companies, a press release said. With the endorsement from Visa, the company will now become more visible as a provider of real-time transactions APIs. Fidel API’s...
Embedded finance has been a boon to businesses and consumers. In an interview with PYMNTS, Salman Syed, chief operating officer at Fidel API, took stock of the seismic shifts that are occurring due to the rise of embedded finance: Only a few years ago, debit...
A growing number of non-traditional financials, from the large neobanks of the world to small and mid-sized corporates, are looking to fashion new user experiences on the front end — whether that end user is a business or a consumer. As Jeff Nowicki, VP of...
Regulatory frameworks such as the European Union’s Revised Payment Services Directive (PSD2) have played a critical role in the implementation of open banking, forcing retail banks in the region to make customer account information available to FinTechs and nonbank third parties through the use of...
Cryptocurrency payments FinTech company Front has launched on Product Hunt an application programming interface (API) platform that enables FinTechs to access more than 250 integrations with brokerages and exchanges in order to transfer crypto across exchanges. The platform, called Front API, has been in stealth...
The promise of automation has always loomed large in banking. Clayton Weir, Co-founder at FISPAN, and Tony Wimmer, managing director, head of data and analytics at JPMorgan Payments, told PYMNTS that the promise makes the leap into reality with the aid of advanced technologies. At...
