{"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='Video: the \u201cuberization\u201d of banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-the-uberization-of-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/08\/The-Uberization-of-Banking-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10466\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10466'>\n\t\t\t\tVideo: the \u201cuberization\u201d of banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Bankers expect open banking to increase profits 10-20%'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bankers-expect-open-banking-to-increase-profits-10-20\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/bankers-expect-open-banking-to-increase-profits-10-20-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13039\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13039'>\n\t\t\t\tBankers expect open banking to increase profits 10-20%\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Denmark to use a cryptocurrency to help developing countries'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/denmark-to-use-a-cryptocurrency-to-help-developing-countries\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/denmark-to-use-a-cryptocurrency-to-help-developing-countries-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10826\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10826'>\n\t\t\t\tDenmark to use a cryptocurrency to help developing countries\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}]}}