Banking-as-a-Service also has the power to transform the lives of consumers for the better. A powerful example of this is within the student loan industry. While the first generation of fintechs connected consumers with better student loans, a new wave of companies are helping consumers alleviate the burden of student loan debt.
Uber is tapping the power of Open Banking to provide unbanked drivers with access to a digital account from BBVA within its mobile app in Mexico.
On the surface, it can be difficult to spot companies that rely on banking and payments services to support their customer experience, so we thought we would highlight a few for you. Following are three industries that are being silently revolutionized by access to API-driven banking and payments services.
Welcome to chapter three of our API 101 series, where we offer useful information to help you navigate our platform and understand how you can use our APIs. In this chapter, we cover Open Platform’s Move Money service.
Welcome to chapter two of our API 101 series, where we offer useful information to help you navigate our platform and understand how you can use our APIs. In this chapter, we cover Open Platform’s Account Origination Service.
Welcome to the first chapter in our brand new API 101 series! In this article, we cover the basics to help you understand what Open Platform is, the services we offer and how you can use our APIs. In future articles we’ll be covering in more detail the four core services we offer – Identity Verification, Move Money, Account Origination and Card Issuance – so stay tuned for more!
64% of business-to- business payments are still made using paper checks. A huge variety of companies, from tiny startups to large corporations, could benefit from open payment APIs. We asked Open Platform’s Head of Product, Susan French, what types of companies might benefit from open payment APIs in the future and for what purposes.