Mexico begins to open up its financial system and strengthens open banking in Latin America
The Fintech Law takes place in a market in which BBVA API_Market has been a key player since before regulation.
Success stories, news, events and all kinds of information related to open banking
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.
The PSD2 not only speeds up the access of new players to the financial sector, it is also a driver of banking business digital transformation. A turning point that all European banking institutions are now required to comply with.
Product Design, User-Focused Design (UFD) and User Experience (UE) cannot be understood without APIs. Neither can the role played by major technologies in hardware and software production.
The metamorphosis of the financial sector is a reality. “Our environment is evolving, not only because of the entry into force of PSD2, but also because of the introduction of new disruptive business models thanks to new technological capabilities that allow us to do things differently and generate value for the client,” explained Ana Climente, head […]
Is it a bank? A service platform? A factory of financial products? A distributor? Does it sell or buy information? All this and more. APIs are revolutionizing the world of banks and are set to transform banking into the largest operations scalextric imaginable.