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E.g., 2022-08-11
E.g., 2022-08-11
May 11, 2022
The sequence of the components of the API acronym—application, programming, interface—does not reflect the sequence in which they are deployed to build an API asset. In fact, “interface” is the first structural component that builds the bridge between the systems to exchange the “applications.” These applications are developed by one party, then accessed via the interface and “consumed” by the...
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April 14, 2022
Disruption from the Covid-19 pandemic has shown how vital healthy global supply chains are to economies and to communities overall. Beyond the pandemic, a new rising issue in the form of inflationary pressures has intensified. This inflation is one of the most severe, virulent factors among those contributing to the disruption of global supply chains. With supply chains suffering, companies...
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February 15, 2022
On February 7th, Fiserv—a publicly traded company and one of the largest financial service technology providers—announced that it is acquiring the remaining ownership of Finxact, a software developer of cloud-based banking solutions that was founded in 2016. This move signals a new form of competition between banks and fintech vendors. The deal has garnered significant media attention, not...
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February 2, 2022
SAP announced last week that it will be acquiring a controlling stake in the capital management company Taulia. This move confirms what Aite-Novarica Group recently discussed in its report Bank-Friendly Supply Chain Finance Platforms: An Innovative Approach. SCF platform vendors must integrate their platform solution using API connectors to share data with bank partners. Banks must set up...
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March 10, 2021
The announcement confirms that for supply chain participants the adherence to sustainability practices has gone beyond a “nice to have.” Poor performance in sustainability practices has serious business impacts on a company’s trade operations, to the point that the SWIFT KYC Registry has been integrated with the International Chamber of Commerce’s (ICC’s) Sustainable Trade Finance Guidelines...
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October 26, 2020
The interbank cooperative will offer member banks a set of common API-based processing services, such as pre-validation of essential data, fraud detection, data analytics, transaction tracking, and exception case management. Aite Group anticipates that with this move, SWIFT member banks will be able to harmonize the proprietary API protocols now in use and regain a collective control of the...
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March 6, 2017
Despite the outlook on blockchain adoption for financial services starting to move from excitement to criticism, trade facilitation business processes represent a stronghold for blockchain-based programs, as long as basic change management principles hold true. There is a mounting debate about the limits of blockchain in the world of financial services. Financial consortia R3 and Swift declare...
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March 6, 2017
R3’s recent announcements warn banks to carefully watch blockchain as long as the technology remains immature. This comes at a time when blockchain-based initiatives see financial institutions taking the driver’s seat. The path to blockchain maturity demands the guiding role of bank industry independent associations, exactly what R3 is. This article takes the perspective of corporate banks. R3...
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February 21, 2017
Although banks may appear slow to react and less agile than emerging fintech companies, banks remain their corporate clients’ main point of reference for technology innovation and inclusion. Even many leading corporations don’t want to be the pioneers in something that is not part of their core business and keep a wait-and-see attitude toward fintech innovation, expecting advice from their banks...
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November 15, 2016
Blockchain-based applications developed by SCtech (pronounced “skytech”) players (i.e., software vendors dedicated to developing blockchain-based applications for supply chain management) are dispersed across diverse supply chain (SC) processes: document management, traceability, provenance, and finance. They are currently engaged in proof-of-concept (POC) experiments to identify which SC...
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