Open API Archives | Teknospire
Open Banking Enabling Financial Inclusion
Financial Inclusion

How Open Banking can Help in Financial Inclusion

Jonathan a villager who supplies vegetables to the branded supermarket in the city needs to submit monthly invoices [physical copy] to get the payment.He has a bank account but still has to maintain a physical copy of the number of vegetables supplied with the offer price. Recently he got to …

Open Banking
Digital Banking

Open Banking: End of Card Payments?

Any new technology or innovation always opens up the debate about the relevance of such models in the first place. When it comes to the Open Banking APIs (Application Programming Interfaces), the newest offering of FinTech, there are ongoing discussions on how it can bring about a revolutionary banking experience which is beneficial to …

Best Pratices for Open API Deisgn
Technical Updates

BEST PRACTICES TO OPEN API DESIGN

API or Application Programming Interface, when I first heard of this term, I thought it to be some form of magical code that helps in fewer bugs and improves quality. However, after exploring, I got to know how deeply I was wrong.  API’s that are part of modern mobile and …

open banking
Digital Banking
2

Open Banking: Who will really get benefitted?

Banking, as a domain, has always been a competitive one. To keep up with the pace of the dynamic nature of this sector, banks & financial institutions are gradually making the shift to experiment with newer technologies, like Open Banking and innovative concepts like FinTech, designed specifically for the banking …

Banking_The Open Way
Digital Banking
1

Open Banking API: A Journey

Data sharing and Big Data have become the trending topics in the financial world of late. With the advent of many Fintech start-ups, traditional banks are undergoing a major shift. They, now, are looking forward to modifying the way they operate, to survive the cut-throat competition from their peers. This …

Story of Open API Banking Infotainment
FinTech Trends
5

TeknoToon – A Story of Open API Banking

Reference: Open Banking Explained: What you need to know

Myths of Open Banking
FinTech Trends
1

SIX MYTHS OF OPEN BANKING

Its just six months that PSD2 came into force, and the Open Banking Implementation Entity (OBIE) stats demonstrate that in June, there have been 1.2 million uses of open banking API’s, up from 720,000 in May. Another report from the Open Data Institute and PwC highlight that the Open Banking …

Open Banking Ready
FinTech Trends

IS YOUR FIRM OPEN BANKING READY?

Open Banking Rule was introduced in January 2018 with a prime motive to empower customers. Today where “Experience, Convenience and Priority” means customer service, Open API Banking is an initiative to streamline the banking services and put the customer first. Open Banking protocol advises financial institutions to use Open API …

Open Banking Inittaives in APAC
FinTech Trends

Open Banking Initiatives in Singapore, Australia, Hong Kong and India

The hurricane Named PSD2 has captured most of the banks and fintech across the globe. Almost six months later –  IDC published a list of APAC countries in terms of readiness for Open Banking. While Singapore And Australia Have Occupied the First Two Slots In the State of Readiness of …

Alphabets for Open Banking
FinTech Content

Alphabets of Open Banking

Alphabets of Open Banking