Drawing greater value from digital assets in the financial services industry with an API marketplace
Banks have been using APIs internally to tap into legacy systems for years; it’s estimated that 75% of APIs used in banking are used for internal purposes. While APIs are indeed a path to...
Why you should act now on the CFPB proposed rule for open banking
On October 19, 2023, the Consumer Financial Protection Bureau (CFPB) announced the release of a proposed rule requiring U.S. financial firms such as banks and credit unions that offer transaction...
How to tap into the full power of open banking APIs
In the past decade, many banks have created a developer portal to publish their open APIs. Developers can visit the portal, sign up, and use the bank’s APIs to drive their business initiatives. Is...
What is the problem with screen scraping?
Learn about some of the concerns with screen scraping and how open banking can solve common issues while making innovation easier.
Is it Better to Buy or Build an Open Banking Solution?
What are the necessary components in an open banking solution, and does it make more sense to buy a specialized solution or build it yourself? It depends on your objectives.
Future of Banking: Strategies for eliminating screen scraping ahead of the upcoming CFPB regulation
Learn how to combat the risk of screen scraping
Capturing the embedded finance wave without screen scraping
Consider this scenario: Using your ID and password, a third party logs into your online bank account as if they are you. The information retrieved is then funneled into, for example, a budgeting...
Has screen scraping seen its day?
In the banking world, screen scraping has been around for over 25 years – it’s how many fintechs got their start. But a continued push towards open banking in Europe and recent regulatory moves in...
Open banking infrastructure: Buy or build it yourself?
Kicking off an open banking project is a daunting task for a financial institution. The line of business needs to determine which open banking use case will be profitable, while the IT side of the...
This is how credit unions compete and thrive in the new world of digital banking
The pandemic has transformed how consumers interact with their bank or credit union, accelerating the adoption of digital tools. And it’s no secret that established institutions face increased...
Axway joins Financial Data Exchange (FDX) to exchange ideas on Open Banking
The Open Banking/finance/insurance movement continues to gain momentum. The global Open Banking market value in 2019 was $9,045M with an expected growth of 24% over the next six years. New...