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More generic posts and blogs relating with Application Programming Interfaces (APIs) including Open Banking and PSD2
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Tom Ainsworth Head of Customer Engagement at Jitterbit
For the past twenty or so years, market networks have been one of the most disruptive and powerful wealth-creating engines in the global economy. The benefits of bringing together two sides of a fragmented market through a single platform with integrated workflow tools so they can transact more seamlessly are well established. Innovation flourishe...
21 July 2021 /retail /markets
Abhinav Paliwal CEO at PayNet Systems
API integration is and why is the way forward for financial Integrating new applications into the existing IT infrastructures is a pain for banks. They use 1000 unique applications; however, only 29% of them communicate with each other, according to Connectivity Benchmark report. To solve that and enable point to point integration, they spend time...
10 July 2021 /payments /startups
Retired Member
Lending money is a risky business. The biggest challenge for any lender is how to balance service (the drive to serve as many customers as possible) with risk (the possibility of a customer defaulting on their loan payments). This calculation is made using a mix of information provided by the customer, insights from previous experience and, increas...
13 August 2020 /devops /inclusion
Financial products have a reputation for being difficult to understand when it comes to both terminology and functionality for everyday consumers. Customers often have to deal with an abundance of arcane jargon and long, convoluted application processes. One of the key goals of fintech has been to broaden access to financial products by increasing...
05 August 2020 /sustainable /devops
Sometimes an idea is so good that everyone has it at once. One such idea is the ROSCA - a rotating savings and credit association - known as ekub in Ethiopia, cundinas in Mexico, tanomoshiko in Japan and dhukuti or dhikuti in Nepal. At a recent developer meetup I was able to hear from from Matthew Addison, CEO of StepLadder who has built a whole bu...
01 June 2020 /people /devops
In 2001, Silicon Valley superinvestor Marc Andreessen declared that software was eating the world. Recent years have borne this out, with digital B2C tools now shaping the ways we travel, eat, and even find love. Key to the appeal of these apps is ease of use, taking an existing experience and making it mobile, up to date and personalised. This s...
22 May 2020 /devops
Data modelling and machine learning (ML) offers a tantalising possibility - that by gathering enough data inputs you can predict what will happen in the future based on current information. ML models are commonly used in the context of business decisions, such as assessing investment outcomes or growth performance, where they can add significant v...
11 May 2020 /devops
Konrad Litwin Global General Manager - Testing at Perforce Software
The UK’s own Open Banking Standards and the European Payment Services Directive current wave (PSD2) are both indications that a more open approach to transactions between financial services institutions and their customers continues to gain groundswell. The idea is sound: use application programming interfaces (APIs) to connect all the currently...
25 November 2019 /security
Thomas Pintelon Head of Strategy at Capilever
Bank offerings and customer expectations are evolving fast. For each specific client need, specific solutions need to be built, requiring lots of investments, IP and expertise. To keep up, banks can’t afford to reinvent the wheel every time. Therefore they are opening up, and welcoming the win-win collaboration with specialist third parties that c...
03 September 2019
We’re fast approaching a complete transformation in the way we consume financial services. In the future, the bank as we know it won’t define how its services are delivered, the demands and expectations of customers will. We as customers don’t want to be tied down to a single bank, we want to access financial services where we want, when we want, ...
31 May 2019 /retail
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