Tag: API technology

Banking Circle S.A. has announced a strategic partnership with Visa to enhance the efficiency and reach of cross-border payments.

Moneyhub has introduced a new Savings Goals API Recipe, leveraging Open Banking technology to assist customers in visualising and achieving their financial aspirations.

Finance in Motion, a leader in impact asset management, has partnered with Napier AI to implement the Napier AI Continuum as their chosen platform for anti-money laundering and counter-terrorist financing (AML/CTF).

Satago, which offers innovative working capital solutions including Invoice Finance and Cash Flow management, has partnered with Mmob, which specialises in simplifying the integration process for digital financial services.

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

Ozone API, the trailblazing open banking platform, has successfully secured a substantial £8.5m in Series A funding. This significant financial injection was spearheaded by Gresham House Ventures, renowned for its strategic investments in burgeoning software and technology-enabled enterprises.

Grip Invest, an alternative investment platform, has successfully raised $10m in its latest funding round. The round was a mix of equity and debt, spearheaded by Stride Ventures.

The SmartStream Reference Data Utility (RDU) was founded with Tier 1 partner banks to help them improve operational control, cut cost and comply accurately with the regulators. In a short space of time, the company has already onboarded an extensive list of clients for its reference data services, but it plans to go one step further by extending its offering with an instantly deployable suite of APIs.

The Hong Kong Monetary Authority (HKMA) has revealed its implementation plan for the third and fourth phases of its Open API Framework.

B2B payments network Finexio has secured a $4m Series A round led by Parkway CEO and president James R. Heistand.