News Topic: Real-time data
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Plaid launches real-time updates on account activity
Banks that work with the data aggregator will tell it when account updates are ready, so it can refresh fintech (or bank) apps immediately. ... Read full article
The cybersecurity threat lurking in the GPS systems banks count on
Outages or disruptions of GPS signals — sometimes malicious, sometimes not — could quickly knock out computers, ATMs and card networks. ... Read full article
Visa’s Plaid deal shows you can teach an old dog new tricks
The acquisition will vastly expand Visa's platform, giving it nearly Amazon-like influence. ... Read full article
How tech — and free publicity — helped this small bank double its deposits
Quontic Bank is offering high-interest, digital-only savings like others, but it says its secret sauce is homegrown technology that optimizes deposit prices. Financial bloggers have taken notice. ... Read full article
How BBVA picks its fintech partners
Susan French, head of product at BBVA Open Platform, discussed the bank's vetting of fintech partners and how it deals with the competitive threat that their products present. ... Read full article
Six standout fintechs at Finovate 2019
Here are companies whose strong visions and timely ideas commanded attention at the technology conference in New York this week. ... Read full article
Why Citi, Wells, JPMorgan are seeing a spike in API calls
Hint: For their e-commerce clients, it's all about faster payments. ... Read full article
How APIs are being used at Citi, BBVA and other leading banks
In the past few years, APIs have become a surprisingly hot topic, considered by many as a golden key to open banking and innovation. ... Read full article
Real-time data was Kabbage's secret sauce, its first investor says
The online lender's recent completion of a $700 million securitization provided Jonathan Ebinger at BlueRun Ventures an opportunity to reflect on what he has learned about the power of alternative data. ... Read full article
'Why does a check take as long to clear today as it did in 1982?'
The slow U.S. adoption of real-time payments hurts half of Americans who live paycheck to paycheck, says Aaron Klein, a fellow at the Brookings Institution. ... Read full article
CFPB report on data collection is silent on threat of breaches
The bureau's findings and request for information came after acting Director Mick Mulvaney had cited data security as a flaw at the agency. ... Read full article
Bank of America launches APIs for corporate clients
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
