The Paycheck Protection Program laid bare the challenges banks have in moving quickly when there is an antiquated set of...
Citi announced the launch of a new global API Developer Portal (developer.citi.com) to connect with developers and enable them to build innovative client solutions; the open architecture will help facilitate collaboration and partnerships with fintech companies and consumer brands worldwide; Citi will grant developers access to APIs across six usage categories: account management, peer to peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorization; Citi plans to add more categories over time and developers are encouraged to register with Citi to use this portal. Source
Most lenders like to request tax return information from a borrower during the loan application process. It is the most...
Leading UK digital bank, Revolut, is bringing its open banking data aggregation feature to its one million Irish customers; the...
Japanese banks are looking at digital payments due to a recent regulatory change which may bring in more competition; the law will be introduced in phases which makes it easier for depositors to give third parties access to both their accounts and data; it is part of a government push to reduce high cash use in the country; Projects around QR codes, blockchain and digital currencies are currently in the works. Source
Back office banking infrastructure needs updating; fintech companies and banks want to work with companies that can provide a customizable,...
Prosper is still working on a response to concerns that were raised last month in the comments of my post...
A few weeks ago, Lending Club investors received an email notifying them that Lending Club would be introducing a new...
In a surprise announcement yesterday Lending Club sent notice that it has decided to make some changes to the data...
The UK government has added TrueLayer to its Payment Acceptance Framework meaning it can now provide payments for goods and...