News Topic: APIs

By design, any practice that requires a customer to simply hand over online bank credentials to a third party is a terrible idea. ... Read full article

First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off. ... Read full article

Oracle Corp. is offering a payments application programming interface based on the ISO 20022 standard that will allow banks to more easily collaborate with fintechs and other third parties. ... Read full article

Readers react to USAA teaming up with Amazon’s Alexa, how a new Wells Fargo’s scandal could affect arbitration rules, a digital identity startup’s ambitions, and more. ... Read full article

A jumble of security vendors and lack of cohesive planning weaken many banks’ cybersecurity defenses, experts say. ... Read full article

The white-label banking platform provider Urban FT has purchased the mobile banking technology firm iParse and several of its patents. ... Read full article

The companies will use an application programming interface to let Chase customers send the data to the apps Finicity supports, including personal financial services apps and income verification tools. ... Read full article

Readers this week highlighted the need for banks to upgrade payments systems, debated a small bank’s decision to ditch its legacy core vendor, lamented populist initiatives of the GSEs, and more. ... Read full article

With a new core system, Surety Bank plans to connect with customers outside of its geographic market. ... Read full article

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey. ... Read full article

The announcement follows the completion of the merger of D+H and Misys by their owner, Vista Equity Partners. ... Read full article

The following is a recap of the 2017 slate of honorees picked by the tech journalists at American Banker, led by Digital Banker of the Year Michelle Moore of Bank of America and including four finalists. ... Read full article

By making it easier and safer to share data with third parties, Wells Fargo's Brett Pitts says he is strengthening the bank's relationships with customers. ... Read full article

Banks in the U.S. should get ahead of potential open banking regulation by building application programming interfaces now. A preemptive strategy will give banks more flexibility. ... Read full article

Europe is debating whether to ban screen scraping, a practice that fintechs count on as a last resort. Innovation is at stake. ... Read full article

The Spanish bank is opening its APIs to outside developers as Bank of America tests a new data-sharing model with aggregators. ... Read full article

Users want more control over their data and more seamless integration with their financial tools. Banks and credit unions cannot wait for a regulation like PSD2 to move forward. ... Read full article

Several firms are betting they will be able to help banks create platforms that allow customers to design their banking services. ... Read full article