APIs

The European data sharing regulation, PSD2, is often seen as a compliance burden for banks — but if used correctly, the rules provide a path to boosting digital payments revenue.

There is an expectation that customers should change and adapt their particular payment habits to match what the retailer has on offer, according to Matthijs Pronk, CCO of Intrapay.

Shamir Karkal said his startup will allow fintechs to develop ACH processing for their companies without having to partner with banks.

With startups eating away at bank offerings, Oracle’s enterprise management platform is rolling out a new feature to streamline product development for business clients.

Fintech developers are trying to monetize data without scaring away privacy-conscious consumers — and, increasingly, to make sure bigger financial companies don't overstep the same boundaries.

Stripe is making a Stripe Terminal available to its e-commerce clients, looking to unify online and physical point of sale payment streams.

SynapseFI is engineering banking to work as digital parts that connect so easily an amateur developer could potentially build a functioning bank.

The two companies were part of an $8 million funding round for Paystack, a company with a model similar to Square.

A more open approach to banking will bring major changes, with quality data on banking services and IT security now becoming a significant factor for consumers in selecting a provider.

Seven months have passed since the U.K.’s biggest banks were mandated to release open APIs for their customers’ account information under open banking and European Union PSD2 regulation. The process was completed by mid-April, but it fell short of creating a truly open system for data sharing.