Open APIs

838 articles tagged with this keyword

/ai

EBAday 2025: Who’s afraid of agentic AI?

What potential does AI hold for the future of banking? What challenges and benefits do AI and GenAI-powered solutions pose? These questions were explored in an afternoon panel session at EBAday 2025.

/sustainable

Navigating the carbon market, in conversation with ZERO13

In conversation with Finextra, Hirander Misra, chairman and CEO of GMEX Group, and CEO of its carbon tracking company ZERO13, spoke on the complexities of the carbon market and untapped potential for its growth.

/payments

Smarter, faster, still relevant: Experts weigh future of US payment systems

Nacha’s Smarter Faster Payments conference in New Orleans highlighted the growing momentum behind real-time payments, emphasising their transformative potential across commercial and technological verticals. Yet, amid this digital shift, sessions also acknowledged the enduring relevance of traditional rails like wire transfers, ACH, and even cheques - each facing its own modernisation challenges.

/security

IBM, BillGo on securing payments against quantum computing threats

At Nacha event Smarter Faster Payments 2025 in New Orleans, a weekend panel session explored how financial institutions must establish an internal risk committee that assesses and mitigates future quantum-related threats.

/payments

Nacha and JP Morgan's Kinexys collaborate on account validation

US clearing house Nacha is working with JP Morgan's Kinexys blockchain business to facilitate information exchange between their respective payment information networks.

/retail

Latin American open finance platform Belvo raises $15m

Mexico City-based open finance API platform Belvo has raised $15 million in a round led by Quona Capital and joined by Citi Ventures.

/payments

Inside the tech behind the transformation: Sponsors announced for NextGen Nordics

Ever wanted to be in the same room as the senior executives leading payments innovation across the Nordics and Europe? NextGen Nordics on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden, is your chance to hear from the technology vendors that are supporting financial institutions expertly navigate a convoluted web of regulations, at a time when fraud is at an all-time high and consumer experience must be kept front of mind.

/payments

Luxembourg banks pick LuxHub as VoP provider

Open banking startup LuxHub has signed up six major banks in Luxembourg to its Verification of Payee (VoP) and Routing and Verification Mechanism (RVM) technology.

/retail

Plaid raises $575m at $6.1bn valuation

Plaid has raised $575 million in a secondary share sale that sees the open banking platform's valuation drop from $13.4 billion in 2021 to $6.1 billion.

/payments

Top 5 challenges facing Nordic banks in 2025 - and how NextGen Nordics can help

The Nordic banking sector, known for its advanced digital landscape and commitment to financial innovation, is experiencing a wave of new challenges in 2025. These challenges are largely driven by rapid technological advancements, stringent regulations, and the evolving demands of consumers.

/wholesale

Treasury management fintech Embat buys Necto

Madrid-based treasury management startup Embat has acquired Necto, a US bank API connectivity specialist. Financial terms were not disclosed.

/retail

Fintech Cushion shuts down

Cushion, an app that helped Americans negotiate bank and credit card fees to get refunds, has shut down.

/payments

Wells Fargo and Derivative Path bring global payments to regional banks

Wells Fargo is working with capital markets technology provider Derivative Path to boost the global payments capabilities available to regional and community banks.

/payments

Method raises $41.5m to expand financial account connectivity

Method Financial has raised $41.5 million in Series B funding for its consumer-permissioned financial connectivity technology for fintech lenders.

/startups

‘Every company will become a climate company’ – Lune, EBAday 2024 Fintech Zone winner

Earlier this year, Finextra announced Lune, a climate-positive company providing API and software tools, had won the FinTech Zone award at EBAday 2024. The award is presented to companies that have shown true innovation and an ability to deliver a capable solution to a current issue in finance and banking. A few months on from this year's event, Lune is still making strides towards a better, more streamlined climate process for its clients.

/payments

AmEx inks data sharing deal with MX

American Express has formed an API-powered data access agreement with MX Technologies, enabling customers to connect their accounts to third-party providers.

/retail

Mastercard unveils open banking 'command centre'

Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.

/payments

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

/ai

AWS announces generative AI service to create apps

Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.

/regulation

EBAday 2024: What does upcoming regulation mean for the payments sector?

Moderating the panel discussing the upcoming PSD3, PSR and IP regulations, Daniel Hellmann, director, risk advisory, payments at Deloitte spoke with Simone Del Guerra, head of central institutions & international sales at Nexi Group; Nuno Epifânio, policy officer – retail financial services at the European Commission; Kevin Flood, director – payments ecosystem strategy at FIS; and David Malley, payment industry engagement lead at NatWest.