BBVA API Market
In 2015 Francisco González, chairman of BBVA, stressed the importance of applied technology in the financial sector with this statement: “BBVA will be a software firm”. And one year later, many banks have now embarked on their digital transformation.
For this purpose the United Kingdom set up the Open Banking Working Group, which prepared a roadmap for open banking entitled The Open Banking Standard, designed to protect customers and stimulate innovation in the banking sector. This guide outlines how financial data must be generated and shared.
Last May Apigee hosted the event entitled Open Banking Summit 2016, aimed at financial services executives. The idea was to offer them advice and inspiration about how to start implementing their own banking strategy, and explain how APIs can help ensure the success of their initiatives
Several financial services executives shared advice in the 2016 Open Banking Summit on how to ensure the success of open banking projects. These are the five keys for achieving it:
Source: Information Age
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 […]