{"id":12858,"date":"2019-05-28T06:35:03","date_gmt":"2019-05-28T06:35:03","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=12858"},"modified":"2019-05-28T06:35:03","modified_gmt":"2019-05-28T06:35:03","slug":"india-s-federal-bank-launches-open-banking-platform","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/india-s-federal-bank-launches-open-banking-platform\/","title":{"rendered":"India\u2019s Federal Bank launches open banking platform"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Indian-based Federal Bank has unveiled a banking platform that will allow FinTech companies to use its APIs for new products that integrate with its banking services. The creation of the platform is part of the bank\u2019s efforts to improve digitization and automation as well as reduce manual overhead and errors.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Current users of its APIs include Airtel, Seynse Technologies and Google Pay. According to Federal Bank, more than 16% of India\u2019s total foreign inward remittances are powered using its API platform.<\/span><\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-12858 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Russian banks\u2019 tentative start with open APIs'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/russian-banks-tentative-start-with-open-apis\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/russian-banks-tentative-start-with-open-apis-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12905\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12905'>\n\t\t\t\tRussian banks\u2019 tentative start with open APIs\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='London retains title as top European city for FinTech'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/london-retains-title-as-top-european-city-for-fintech\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/03\/london-retains-title-as-top-european-city-for-fintech-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-12512\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-12512'>\n\t\t\t\tLondon retains title as top European city for FinTech\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Survey: Financial Institutions Seeing the Benefits of Open Banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/survey-financial-institutions-seeing-the-benefits-of-open-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/07\/3929017f-4aa4-9337-d72d-da7d0adea1881-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16142\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16142'>\n\t\t\t\tSurvey: Financial Institutions Seeing the Benefits of Open Banking\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Indian-based Federal Bank has unveiled a banking platform that will allow FinTech companies to use its APIs for new products that integrate with its banking services. The creation of the platform is part of the bank\u2019s efforts to improve digitization and automation as well as reduce manual overhead and errors. Current users of its APIs &hellip;<\/p>\n","protected":false},"author":5,"featured_media":12882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,404],"tags":[287,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12858"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=12858"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12858\/revisions"}],"predecessor-version":[{"id":12859,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/12858\/revisions\/12859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/12882"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=12858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=12858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=12858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}