Tag: API technology

Revolutionising finance: The rise of embedded finance in 2024

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 secures £8.5m in Series A funding for global open...

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.

Alternative investment pioneer Grip Invest raises $10m led by Stride Ventures

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.

SmartStream aims to join up data dots through its expansion of...

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.

HKMA underlines next steps in Open API Framework introduction

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 closes $4m Series A

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

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