Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank.
JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.
Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO. About 130 affiliated companies – including FTX US and Alameda Research – are also filing. Options platform Ledger X, Bahamian unit FTX Digital Markets, FTX Australia and FTX...
The research found that this type of direct, external-facing monetisation can enable banks to recover the cost of creating and publishing core compliance APIs, and that increasing the number of products available via APIs.
In the survey, respondents also indicated that they desired a reliable labeling of real shop and product reviews (74 percent).
The online sales of tickets for cultural events has grown strongly, from 8 percent in 2021 to 34 percent in 2022.
Amazon climbs two positions to 4th place. The revenue of the ecommerce giant has doubled this year, from 500 million euros to 1 billion euros.
Website design software WordPress is considering offering core features as plugins instead. With a plugin-first approach, the software could be updated regularly.
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