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Open Apis The Need For Common Standards In Banking - Latest News

PSD2 and the API challenge for Open Banking

But Open Banking faces an API challenge ... that PSD2 requires standardization of APIs. Having common standards across the industry would be beneficial for the industry, Hussein says, but she argues t... read more

SWIFT publishes blueprint for API standards

SWIFT has published a blueprint for common API standards following collaboration ... Regulators around the world have identified the need for interoperability among financial institutions as they move ... read more

U.K.’s TrueLayer brings banks into e-commerce with open banking API

From September 2019, under PSD2, the EU will require two-factor authentication for online payments from cards or bank accounts. European payments service providers will need to ... the U.K. Open Banki... read more

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Scope of the Growing Technology in the World Financial Ecosystem

A common ... banking experiences to meet the ‘now-standards-of-living.’ Emergence of fin-tech has forced the traditional banks to opt for options such as cloud, data analytics, APIs, mobile phones, pl... read more

ATM remote management: Revolutionizing self-service banking

They have moved from monitoring to management, an evolution that gathers momentum year by year and promises to revolutionize self- service banking as we ... versatile technology and common plugins tha... read more

No Love Lost: What Credit Unions Can Expect From Cores of the Future

Banking ... need to be normalized before they can be exposed for analysis. This creates extra work for a credit union that wants to be able to query those data regardless of where they come from. More ... read more

HIMSS19: ONC, CMS officials outline the framework for interoperability, the use of APIs, FHIR

In its proposed rule, ONC is calling on the industry to adopt standardized APIs ... standards and doubling down on the need for additional standards. “The success of data sharing relies on our ability ... read more

What is Open Banking and Why Does it Matter?

Ahead of changes in EU banking regulations, the UK established the Open Banking Working Group (OBWG) in late 2015 to not only meet government standards ... The use of APIs by today’s banks around the ... read more

Proposed rules from HHS open door to healthcare API economy

He adds that one of the challenges with standards is “you need some way to elegantly move from version ... is leading the Department of Veterans Affairs’ Open API Pledge initiative, which calls on pro... read more

IBM announces new solutions for the API economy

"To succeed in the API Economy and reach new clients, enterprises need an open ecosystem for trusted ... It's working with the Banking Industry Architecture Network (BIAN) to create common IT standard... read more

Banking with APIs 101

Virtually everything the bank does can now be marketed in packages as if products and services were Lego parts. Communication over the phone is no longer necessary thanks to open banking and APIs ... ... read more

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