Success stories, news, events and all kinds of information related to open banking
Bank reconciliation is one of the most important accounting processes. And APIs are the ideal tool for carrying it out, since they provide greater security, lower costs and real-time information.
The mass use of smartphones and other mobile devices, coupled with the outstanding growth of e-commerce, has displaced cash as the preferred means of payment (increasingly more residual). The figures speak for themselves. In Spain, the use of mobile payment apps grew by 30% in the second quarter of 2019, according to the Estudio General […]
The opening up of financial markets through technology and the creation of new digital products is progressing unevenly across the Americas. While in this article we analyzed the state of open banking in Asia and Oceani, in this article we focus on several American countries. While nations such as Mexico and Brazil champion regulations that […]
While countries like Singapore lead the drive for open banking in the region, larger ones like Japan are slowing down. The twinned nations in the Commonwealth look at each other and the United Kingdom in their strategies.
The Fintech Law takes place in a market in which BBVA API_Market has been a key player since before regulation.
Algunos estados han dado moratorias consideradas excesivas por los demás, mientras que las fintech se quejan de la lentitud de una parte de la banca tradicional en el desarrollo de funcionalidades clave de la directiva europea de servicios de pago, como el sistema de acceso a los datos de los clientes.
Open banking has become one of the main transmission levers of the digitization of financial institutions. Not only that, at present, it is an essential element to improve the satisfaction of their customers, who are increasingly accustomed to the agility and immediacy of the online universe.
At the moment, APIs can be divided into two major groups as regards the business model: APIs which are understood as a tool; and APIs which are a product themselves.
Although it may sound strange, the development of the API itself is often not the most important element for an organization that is thinking of having an API. Everything relating to the APIs in a company must be a strategic, a business, rather than a technical issue.
For some years now, APIs have been the great catalyst of change in business organizations. And that is essentially, thanks to its capacity to generate new business models and increase their profits.
