API

Transforming payments and creating new value chains with open banking

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple. The old way of delivering traditional banking and financial services to customers is not […]

Continue reading

How to create a web app using Client Insight for Wealth Management Service?

The IBM Client Insight for Wealth Management service provides wealth management companies with key insights for their clients to improve client satisfaction and retention. Financial Advisors are required to provide clients with guidance and options to manage their finances. Understanding the client and their circumstances can help a financial advisor provide a higher level of […]

Continue reading

Fostering the financial technology infrastructure of tomorrow

Imagine a scenario in which opacity and complexity have been removed from the financial services industry. Anyone with an idea of how we might conduct business better and more efficiently, be it in wealth management, lending, insurance, or payments, could bring it to life with ease. Entrepreneurial individuals could find all the tools they need […]

Continue reading

Lingmo breaks down language barriers with IBM

Try to picture this scenario: you are in a foreign country, let’s say China, on a business trip. You don’t speak the language, don’t have any contacts, and are relying on a vanilla translation app on your phone to help you get out and about. Then, something unexpected happens: your passport gets stolen. You rush […]

Continue reading

FinTech year in review: What we saw and where we’re going

Sibos, which is one of the premier global financial conferences, seemed different this year. The dominant story is that fintech startups and banks are better off as friends than foes. Fintech, once seen as a disruptor, is now becoming a mainstream and also a collaborating partner. Taking advantage of each other’s strengths is leading to strong […]

Continue reading

The five biggest technology trends affecting FinTech today

Two years ago, I wrote an article on the 6 biggest trends in FinTech. Looking back, I’m happy to say that there has been significant progress in all the areas. A year after that, I wrote Everyone is Talking about APIs to discuss a trend that, at the time, was new to the industry. In […]

Continue reading

Fast & furious: Keeping up with changes in the payments industry

The digital era is rapidly changing every aspect of our lives through more recent inventions, innovations and new business models. We no longer have to wait for many of the things we did in the past. Want to see a movie? Click here. Need a place to stay? Click here. Looking for a mate or […]

Continue reading

Confidence in payments

For banking customers, confidence comes from knowing that their payment was completed instantly and securely.  This trust is a key capability banks must consistently demonstrate as they digitally reinvent their services to compete in the global, immediate payments processing marketplace. Instant payments and other new services are being driven by regulatory mandates along with digital […]

Continue reading

Is 2017 the year of digital business reinvention in financial services?

Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems”. It makes the claim that breakaway leaders will focus on digital business reinvention delivered […]

Continue reading

Open banking APIs are open for business

See how open banking APIs are transforming financial services (and businesses, too!) What is “open banking”? I wasn’t particularly inspired by the Wikipedia definition, so I’ll give you mine. Open banking is a term that is associated with a broad set of initiatives that align to one of these three principles: Banking customers are empowered […]

Continue reading

Everyone’s talking about APIs. Why?

While looking at the predictions for the FinTech area for 2017, I started noticing that APIs were showing up again and again. As Jim Marous notes in his article, Top 10 Retail Banking Trends and Predictions for 2017, “APIs were not even listed as a 2016 trend, but was #4 in 2017.” The Let’s Talk […]

Continue reading