APIsRSS

Fintech funding round-up: 22 June 2017

funding

It was only yesterday we did a fintech funding round-up. But as there’s a mad dash for cash, here’s another one. Features Digital Financial Services Lab, TrueLayer and Enterprise Ireland. Digital Financial Services Lab (DFS Lab) will invest $250,000 in four separate fintech start-ups that are building products to help low-income consumers in developing markets. […]

How banks can beat the fintech threat – Capgemini’s 2017 World Retail Banking Report

Innovation in the US: who is doing what?

Facing disruption from fintech providers, traditional banks must embrace APIs and the open-source model to avoid losing their place at the centre of consumers’ financial lives, a new report warns.

Money’s the honey for Swift global payments innovation challenge

New addition to Swift's network

Swift is offering funding of up to €200,000 for the two winning fintech finalists of its industry challenge to develop new overlay services that use its global payments innovation (gpi) platform. The winners will work with banks on collaborative concepts that solve additional industry challenges in cross-border payments on top of gpi. As reported previously, […]

Sterling Bank and Trust signs for iFinancial BankWare core system

Bahamas 2

Sterling Bank and Trust, a new bank in the Bahamas, has selected the BankWare core system from UK-based International Financial Systems’ (iFinancial). The bank will be using the multi-currency accounting, exposure management, current accounts, deposits, loans, payments, and Swift modules from the BankWare portfolio of retail and wholesale banking solutions. The bank is part of […]

Bank of America simplifies money management with third-party apps

bank-of-america-logo

Bank of America is testing a service enabling its customers who use third-party data aggregators to view their financial information in one place, reports Paybefore (Banking Technology‘s sister publication). The bank is testing the capability with two financial data aggregators to enable customers to securely connect data from their bank accounts to third-party money management […]

BBVA launches open banking business

BBVA

BBVA has unveiled its open banking programme and is making eight of its APIs commercially available for the first time. The launch of BBVA API Market comes after the Spanish bank says it spent more than a year working with developers and businesses to prepare the way the open API service would be delivered. With […]

Google’s wider search for payments

Google goes IoT

Google has a new plan to become a bigger player in payments. The search engine and web marketing giant says it’s enabling merchants and developers to “turbocharge checkout conversion” by making it easier for consumers to use the credit cards and debit cards stored with Google. Banking Technology‘s sister publication Paybefore reports that the change […]

Swift unveils “first ever” cross-border payments tracker

New addition to Swift's network

Corporate treasurers have a moment to treasure as Swift has unveiled its new cross-border payments “Tracker” for real-time tracing. Swift says Tracker is the “cornerstone” of its global payments innovation (gpi) initiative – which went live in February – with the aim to deliver greater speed, transparency and end to end tracking. Tracker provides a […]

Saxo Bank releases new developer portal for open banking

Print

Denmark’s Saxo Bank has released its new developer portal as it looks to strengthen its involvement in open banking. The portal provides technical documentation, reference guides, sample code and interactive tools. With the release, Saxo has made its trading infrastructure available to third-party developers, fintechs, vendors and partners, enabling them to connect to its trading […]

Bank of England unveils blueprint for new RTGS service

Bank of England logo

The Bank of England (BoE) has released its blueprint for a renewed real-time gross settlement (RTGS) service for payments in the UK – with plans to interface with blockchain and deal with APIs. On an average day, BoE says RTGS settles around £500 billion between banks – around a quarter of the UK’s annual GDP […]

@banking
techno