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News and case studies on embedded finance, APIs, and much more
Open banking has changed the financial paradigm as we have known it so far. The widespread use of new digital platforms, connected devices and technology consumers has led to a boom in business opportunities for every company, many of which are already leveraging their benefits as much as possible.
The digital transformation has not been fully implemented in the automotive sector yet, at least not as quickly as in other distribution sectors. APIs can be this sector's best ally by speeding up its digitization, especially in those areas involving the purchasing process.
Payment initiation services (PIS) are one of the most important elements regulated by the PSD2 Directive. This regulation has encouraged new players to emerge and has enhanced security and privacy in transactions.
For many business sectors, the purchasing process is critical. APIs have helped improve the changes of many of these businesses, for example by offering instant financing to their customers.
Many industries view "appification" as one of the most important drivers of technological innovation in coming years. In open banking, this advantage opens the door to previously unexplored territory, even outside traditional banking.
Bank statements are a key element in ensuring the integrity of cash information. APIs make it easy to integrate with companies' ERPs, as well as to reduce costs and provide information in a timely way.
Real-time cash flow is a growing need for companies, regardless of their size. This is a new business area that is benefiting from a much more favorable regulation and the opening-up of financial APIs, which will enable new applications adapted to each company to be developed.
In just one year, the second European Payment Services Directive—or PSD2 as it is better known—has created a new scenario combining innovation and security, in which banks have been progressively opening up access to their infrastructure to third parties.
