Application programming interfaces allow software programs to talk to each other. They are a potential solution to the current industry standoff over sharing of bank customer data with aggregation sites; in the long term, they could transform how banking is done, making customer relationships less sticky but opening up new revenue models for financial institutions. This paper lays out the basic issues surrounding APIs.
This transaction, following Rocket's purchase of Redfin, could be the start of the creation of large players to compete with the likes of Zillow.
The deal was highly vetted with regulators following the publicly traded company's failure to obtain approval in a past agreement, an executive said.
Here's what bankers should know about Trump's recent crypto reserve moves, Evolve Bank's continued fallout, artificial intelligence and other technology news.
The Internal Revenue Service has placed 50 senior IT leaders on administrative leave, as the union filed suit over a Trump order on collective bargaining.
Terry Dolan, vice chair and chief administration officer at the Minnesota bank, had been at the company for more than 25 years.
While debit cards are less profitable, payment experts say they're still an important way to build relationships with consumers.
