BBVA API Market
One of the challenges of BBVA’s APIs open platform is “to make life easier both for the developer and the business manager”. And this is achieved through integrating financial APIs into solutions of different business sectors, stresses Martín Eizaga, Open Platform product owner at BBVA Spain.
Security is one of the premises of the BBVA Open APIs team. Eizaga emphasizes the process followed in integrating the BBVA Cards API: “End users will always have to enter their online banking credentials to give the developer access”. Besides, BBVA remains the one that manages and stores those credentials.
There is a second security factor that implies that an SMS is sent to the end customer’s cell phone to authorize this operation. This authorization is not indefinite, but has a validity period and specific permissions are assigned.
Traditional banks are making the commitment to BaaS models, open banking is driving digital financial services, regulatory bodies are increasing scrutiny when it comes to BaaS providers, the banking ecosystem is rapidly changing and increased competition and regulatory pressures are expected in the BaaS sector. The State of Banking-as-a-Service (BaaS) is a report prepared by […]
APIs can be a great support when automating business processes Companies, often with a focus on SMEs, spend too many man-hours on time-consuming business processes, thereby making mistakes that a machine would never make. How can business process automation (BPA) help these companies? Is it possible to make use of APIs for BPA? What is […]