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Open banking APIs are open for business

Insights on Business

They are the mechanism that banks use to exchange customer data with other parties in a simple and secure way. A European bank initially adopted the IBM API gateway to secure and simplify access from to the legacy capabilities that are hosted on the mainframe. Other banks in the region tried to build alternative solutions.

Fintech 181
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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. That notion proved false, and the quality of that metric has forever changed.

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Financial Crime: Technology can Transform Compliance

FICO

Finally, the suite includes comprehensive Tax Compliance & Reporting capabilities to support FATCA and CRS requirements. Financial crimes compliance has often been seen as a mere cost-center activity, and a “check-the-box” exercise to keep auditors and regulators satisfied. Why is Anti Financial Crime so important?

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242 Startup Failure Post-Mortems

CB Insights

Three years later, for many, it is now rightly recognised as perhaps the most important pillar of our health and wellness, alongside exercise and diet. The startup, which was established in 2008, privately raised $185 million before its $100 million initial public offering was blocked by the Australian Securities Exchange last year.

Company 78