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Western Union delivers Open Banking API for global payments
Western Union has deployed full Open Banking application programming interface (API) access to its supporting front-end domestic and international payment applications through its Western Union Business Solutions unit. This new... more
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Standardising an industry: What is nexo standards?
Two major trends stand out in today’s payments acceptance ecosystem: globalisation and digitisation. We’re all transacting, operating and trading on an increasingly global stage, while new payment types and form... more
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The Open Banking API’s are coming – Report from Sibos
There can be little doubt after this year’s Sibos that digital disruption drives new ecosystems, marketplaces and businesses; thus, changing the game for how banks connect to their clients and how banks run their businesses – Open banking and APIs are coming, and it is time for banks to reinvent their business models and embrace [...]
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BIAN issue new API guidelines to support global Open Banking
The Banking Industry Architecture Network (BIAN), an independent, not-for-profit association, has published an updated version of its standardised global IT architecture model for Open Banking. Titled, Service Landscape 6.0 (SL6.0), the model contains definitions for 26 new types of semantic API, like “Execute Customer Onboarding” and “Customer Offer for Consumer Loan”, providing banks and software [...]
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An update on UK Open Banking API implementation
In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces (APIs) that will go live in January 2018. This follows the release in March 2017 of the ‘Open Data’ APIs, offering standardised information on UK banking products and the location of branches and Automated Teller [...]
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