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As the connective tissue linking ecosystems of technologies and organizations, APIs allow businesses to monetize data, forge profitable partnerships, and open new pathways for innovation and growth. So why isn’t everyone using them? Adoption of APIs More and more APIs are being adopted across all industries—travel (Google Maps), food/entertainment (OpenTable, Spotify), communication (What’sApp, Messenger, WeChat). Companies like Button are partnering with brands to help distribute their offerings to a large developer community and that are eager to strengthen their mobile experience via the use of APIs. [ 611 more words ]

Time’s Running Out to Adopt an API Strategy As the connective tissue linking ecosystems of technologies and organizations, APIs allow businesses to monetize data, forge profitable partnerships, and open new pathways for innovation and growth…

“To design is much more than simply to assemble, to order, or even to edit: it is to add value and meaning, to illuminate, to simplify, to clarify, to modify, to dignify, to dramatize, to persuade, and perhaps even to amuse. To design is to transform prose into poetry.” –Paul Rand We know what you might be thinking. Why is a FinTech company talking about design? [ 869 more words ]

Design Smackdown – Incumbents vs FinTechs “To design is much more than simply to assemble, to order, or even to edit: it is to add value and meaning, to illuminate, to simplify, to clarify, to modify, to dignify, to dramatize, to persuade,…

Don’t Believe Everything You See “Trust is a key strategic asset which creates growth opportunities and defends against competition. It allows deeper customer engagement across products and services.” - Nobel Prize winner, Robert C. Merton We’re going to talk about screen-scraping again. Because we think it’s so important to be aware of what this means for both consumers and FI’s. You can get more background on the process of screen-scraping and what it means for the future of banking as well as the importance of API’s and innovation in our previous posts… [ 771 more words ]

Screen-Scraping and the Halo Effect Don’t Believe Everything You See “Trust is a key strategic asset which creates growth opportunities and defends against competition. It allows deeper customer engagement across products and service…

Playing Safety Catch-Up As we outlined in our last post about the practice of screen scraping, in order to protect user’s data, it’s extremely important that financial institutions start moving towards APIs. With the PSD2 initiative, officially the Revised Payment Security Directive, Europe is ahead of US in terms of best financial institution security and consumer privacy practices. And if the recent Facebook/Cambridge Analytica scandal is any indication, it’s more likely that the US will see a data protection movement similar to what we’re seeing in Europe. [ 594 more words ]

How Open Banking Can Result in More Innovation Playing Safety Catch-Up As we outlined in our last post about the practice of screen scraping, in order to protect user’s data, it’s extremely important that financial institutions start moving tow…

This is part 3 of our multi-part series on the blockchain. In parts 1 and 2 we talked about the specific effects of blockchain and cryptocurrency on the finance industry as well as how it will impact asset management and investing. Today we are diving into payments and banking. You Get a Currency and You Get a Currency While many banks are skeptical of bitcoin, none are skeptical of blockchain. [ 506 more words ]

Blockchain’s Impact on the Finance Industry, Part 3 This is part 3 of our multi-part series on the blockchain. In parts 1 and 2 we talked about the specific effects of blockchain and cryptocurrency on the finance industry as well as how it will impa…

If you’ve ever visited a financial news site, you’ve likely been bombarded with offers for “Free Trades” or “Lowest Costs per Trade”. Since the earlier days of the online brokerage industry, the competition for the lowest cost per trade has been fierce. So fierce that the two largest and grandest in the space, Fidelity, and Schwab, launched the latest fee war earlier this year… [ 534 more words ]

Chasing Zero If you’ve ever visited a financial news site, you’ve likely been bombarded with offers for “Free Trades” or “Lowest Costs per Trade”. Since the earlier days of the online brokerage industry, the co…

The antiquated US Financial regulatory framework continues to undermine technical innovation and hold consumers back from making the most of their money. And most of them don’t even realize it. As far back as the late 90s, the US Regulatory frameworks for banking services in technology have yielded to the pressure of lobbyists and incumbents rather than evolving to meet changing industry dynamics, customer opportunities and increasingly global marginalization in tech innovation. [ 494 more words ]

Why the US Consumer Loses with Loose Change The antiquated US Financial regulatory framework continues to undermine technical innovation and hold consumers back from making the most of their money. And most of them don’t even realize it. A…

No-Limit Thinking Amazon began as an online bookseller and now sells everything including cloud software. CVS—“Your Neighborhood Drugstore”—sells groceries and make-up. Modern day financial companies like Square Capital have expanded from payment processing into lending, food delivery and more. What’s clear from these companies is that in order to scale, you need scope and in order to have scope, you need scale. [ 559 more words ]

Scope and Scale…or fail No-Limit Thinking Amazon began as an online bookseller and now sells everything including cloud software. CVS—“Your Neighborhood Drugstore”—sells groceries and make-up. Modern day financial compani…

Last week we touched on the importance of psychographics vs. demographics when it comes to targeting and knowing your audience. This week, we’re highlighting the importance of design and user experience in creating stickiness and limiting barriers to entry. How can you use behavior when it comes to your site or app experience? In other words, what are the visuals, words, and features that reinforce psychographic “clues” to help a user get or stay engaged if you want to serve both? [ 437 more words ]

The Importance of Understanding the Psychographics of your Consumer – Part II Last week we touched on the importance of psychographics vs. demographics when it comes to targeting and knowing your audience. This week, we’re highlighting the importance of design and user exper…

What’s more emotional than money? The worry over never having enough. The concern about securing a loan. The nerve-wracking nausea of watching stocks plummet. The terror in receiving a call from a debt collector. All too often those of us in the finance world forget this and treat money simply as our trade. But to the consumer, money can and does dictate their mood, their security, and their ultimate happiness. [ 450 more words ]

The Importance of Understanding the Psychographics of your Consumer What’s more emotional than money? The worry over never having enough. The concern about securing a loan. The nerve-wracking nausea of watching stocks plummet. The terror in receiving a call from a …

That was fast... Summer 2017 updates ☀️

http://blog.trade.it/2017/08/31/fintech-roundup-summer-2017/

FinTech Roundup: Summer 2017 Spent the summer at the beach? Here’s what you missed in the fintech world: