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

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

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

An open standard API could revolutionize the banking industry

It's about an open standard giving rise to more choice and utility for banking customers because developers find it easy to use internet standards such ... The use of APIs by today's banks is becoming ... read more

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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

ONC focused on privacy and usability in new app-based healthcare ecosystem

RELATED: Information blocking provisions will be 'largely common sense ... include specific API security requirements for both providers and EHR vendors. “It’s the difference between the door that is ... 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

120 AI Predictions For 2019

Amazon AI: “Do you want to open ‘this day in history ... expect a significant move forward with frameworks and standards for measuring and testing bias in AI. We will see an increase in need for human ... read more

From Open Banking to Open Everything

In some markets, there is an additional barrier if consumers need their ... their existing bank. New fintech apps were generally resorting to insecure screen-scraping to access people’s account inform... read more

The Programmable Bank: Opportunities for Open Banking

In our digital world, the use of open APIs is common ... bank customers. In Europe, under the mandate of PSD2, banks have to allow TPPs free access to payment accounts for payment initiation services ... read more

An invisible banking reform that 'could fundamentally change how we manage our money' is days away

Here's everything you need to know about Open Banking ... build one API interface for all the banks, rather than build technology for each lender. The banks will continue to safehouse all customer acc... read more

From closed to open: why banks need to emulate the big tech players

In the era of Open Banking, banks also need to be open if they are to ... The big tech companies have one thing in common – openness and sharing is in their DNA. Their business models are built on API ... read more

Open Banking & Screen Scraping

Legislating for APIs is easier said than done! There is a legislative push towards Open Banking ... then only need to provide 1 element rather than 2. The ASPSP, AISP, PSU triangle is a classic 3 part... read more

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