News Topic: APIs

Celent analysts Alenka Grealish and Stephen Greer explain how banks in Europe and the Netherlands have built business models around open banking. ... Read full article

The few U.S. banks embracing data sharing say the industry is moving toward the standard. ... Read full article

The European core systems vendor has been making inroads into the U.S. market in recent years. ... Read full article

Enterprise customers will be able to send payment data to the bank through an application programming interface, rather than as XML or Swift files. ... Read full article

Dan Kimerling, founder of Deciens Capital, explains why it would make sense for U.S. banks to accept open banking. ... Read full article

Banks' embrace of open-source development could eventually go beyond creating tools and apps — to something far more radical. ... Read full article

TD Bank's new lab seeks to divine the future of banking. ... Read full article

A new European Union directive guarantees that third-party providers can access bank customers’ account information. The requirement will trigger a new revolution in financial services in Europe that U.S. bankers should be tracking. ... Read full article

Key efforts for banks include developing AI applications, adding fintech allies and strengthening cyberdefenses. ... Read full article

Some firms are investing in technology to help insurance clients shift to paperless payment processing. ... Read full article

Even though they do not face the immediate prospect of regulation requiring an open-banking policy, American banks should act as if they do. ... Read full article

The most important policy question facing banking, brokers and insurance companies is putting a framework in place that very quickly defines data ownership rights across the financial value chain. ... Read full article

The startup Intrinio lets algorithmic traders and banks pick the types of company and market data they want to use rather than pay a large monthly fee for a broad, terminal-based service. ... Read full article

Following in the footsteps of Chase, Wells Fargo and others, Fidelity is launching an application programming interface to let third-party apps access customer data — as long as the customers grant permission. ... Read full article

As use of smartphone apps begins to surpass online channels at some institutions, banks are facing pressure to offer clients more robust services. ... Read full article

Green Dot's financial performance has improved substantially over the past year, enough for the prepaid card issuer to raise its outlook for the rest of the year. ... Read full article

Following the release of the nonbinding statement of policy, regulators still have an important role to play in making sure the industry achieves an effective data-sharing model. ... Read full article

The Consumer Financial Protection Bureau made it clear that consumers own their financial data and can share it with apps of their choice. Now it’s up to the industry to resolve thorny issues on liability and accountability. ... Read full article