A Checklist of Critical Banking-as-a-Service Features
Banking-as-a-Service (BaaS) could be a turning point for fintechs.
What is Banking-as-a-Service?
For years, the financial services market operated in closed environments, with banks calling the shots. Some open networks existed, but they offered access to bank data or bank-branded products.
How Electronic Payments Help CFOs Manage Cash During & After a Crisis
Tightly managing cash is essential to navigating a crisis.
How Open Payments APIs Transform Software and Product Development
The payments market is a big and growing business.
Mitigating Payment Risks During a Crisis and Into the Future
The operational chaos caused by a crisis is creating ripe conditions for fraudsters.
4 Reasons CFOs are Embracing Open API's
To CFOs, the notion of leveraging “open” technology may seem contradictory. CFOs have a duty to rigorously protect their company’s assets. Hold things close to the vest. But to ensure that their company keeps pace and remains competitive – constantly innovates, creates new services and channels, and addresses new regulations – CFOs must embrace open application program interfaces (APIs), tools that enable software programs to interact with each other. APIs have been around for decades, but the technology has become more sophisticated and more open. While using open APIs might seem counterintuitive to CFOs charged with growing corporate assets, the results of using open APIs to build financial applications are remarkable – faster time-to-market, a better customer experience, streamlined product development and reduced regulatory and fraud risk. The capabilities enabled by open APIs also may allow a business to grow enter new markets and grow its revenues. And open APIs extend the value of pricey legacy systems with modern tools. Overall, studies show that enterprises with advanced approaches for leveraging APIs achieve significantly better business results than enterprises that use APIs in traditional ways.
Why a Robust Open API Offering is a “Must” When Choosing a Fintech Partner
CFO’s are understanding more and more the importance of implementing digital payments.
Strategies for Paying Suppliers During the COVID-19 Pandemic
Accounts payable operations have been on the verge of digitalizing payments, but could COVID-19 be the straw that broke the camel’s back? At the beginning of the COVID-19 pandemic, organizations dealing in accounts payable operations were split between digital and physical payments. Those who had virtualized portions of their payment process noticed a mild disruption in flow, while those who were solely dependent on physical checks have endured significant strain finding ways to pay their suppliers.
How Open APIs Help Payors, Payees Get Down To Business
Technology is changing the way we make & accept payments, and there’s no one better to attest to that fact and the rise of open APIs than our CTO – David Samples. The financial world has been living in the same enclosed systems for several decades, often focused on regulations and routing payments. The focus has always been on “how” to make a payment, and not on the “why” it’s being done. With open APIs, payors and payees do not have to figure out how to link up the technical “plumbing” that enables transactions in the first place.