In the future, banks may be the ones to provide verified digital customer identities, even though they are not responsible for monitoring or managing their personal data. This service will bring them income from third-party providers.
Data management, transactions with financial products, fraud control, scalability of services and platforms or increased satisfaction and retention of financial staff are some of the tasks performed by software in a bank.
Microsoft’s Strategy manager, Pablo Junco, discusses in this interview the combination of Blockchain technology and APIs for creating platforms aimed at driving a wide range of businesses in the financial sector.
Many banks already use private cloud computing and private Platform as a Service (PaaS) models for part of their financial services and products. They can choose between proprietary solutions like Apprenda, or open-source solutions like OpenStack.
A few days ago at Revolution Banking 2016, I had the chance to meet with other professionals in the sector and discuss Open APIs, open bank API platforms and of course the potential impact of the European Directive on Payment Services (PSD2) on the future of the financial and payments sector.
The impact of APIs on the transformation of banking was one of the protagonists of the event Revolution Banking. The development of this technology and the use of data is opening new business opportunities in the digital age. And challenges. "We must know what developers, startups and API users need from us," says Jose Manuel de la Chica, BBVA New Digital Business.
“Sometimes you have to be the change that you want to see in the world.” Shamir Karkal, head of Open APIs at BBVA, highlights the revolution that is occurring today in the financial and technology sector. In this video, Karkal notes that BBVA is driving from Open Platform, the innovation in the financial ecosystem to contribute to this revolution.
PredictionIO, AT&T Speech, Wit.ai or Diffbot are four practical examples that prove that it is possible to emerge, grow and do business with machine learning and natural language recognition without the need for a big company's help.
New business models have sprung up thanks to the Internet, and one that's currently flourishing is micropayments, a system for making small transactions online
Nimble Payments is a fee-based digital platform that is very easy to integrate using the most common protocols and technologies in e-commerce.
