The marketplace lending ecosystem continues to develop. Yesterday, LendingRobot announced a significant funding round that will allow it to “improve...
Pinwheel’s new partnership with Jack Henry will help banks and credit unions win primacy with more clients.
Leading UK digital bank, Revolut, is bringing its open banking data aggregation feature to its one million Irish customers; the...
There is no standard for data sharing between banks and fintechs which often results in screen scraping; this leads to concerns around data security and is also an inefficient way to gather data; the Financial Services Information Sharing and Analysis Center released an updated version of their recommendations around data sharing called the Durable Data API specification; this could eventually become the standard adopted by the industry; American Banker compares this to PSD2 in the UK and shares more about the new specification. Source
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
Early this month Prosper said goodbye to its old API. It was announced back in March that this transition was...
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...
Akoya is currently Fidelity’s data-sharing arm but now will become its own company, owned by Fidelity, The Clearing House and...
In the past some fintech companies and financial aggregators have accessed JP Morgan customer data by using user’s passwords; JP...