Inside BBVA’s Open API Marketplace

Earlier this week, BBVA launched its API Market, making eight of its APIs commercially available. The launch comes after the Spanish bank worked for more than a year with developers and businesses to determine the optimal delivery for the APIs.

This not only enables app developers to integrate BBVA customer data into their applications, it also complies with pending PSD2 compliance in the U.K. The early adaption to the upcoming open banking requirement makes BBVA well-positioned to compete in the changing regulatory climate. Shamir Karkal, head of Open APIs at BBVA said, “This is the perfect moment to do this, because there is a whole revolution happening in the financial and the technology space. What the Open Platform does is support that innovation. And, by supporting it, we make that ecosystem move much faster. So, in the end, we enable this whole revolution to happen.” Karkal added, “Sometimes you have to be the change you want to see in the world.”

The new APIs allow third parties to use customer data sets (with the customer’s permission) in eight categories, each of which can be broken down into geographical regions:

At FinDEVr Silicon Valley 2016, Karkal launched BBVA’s initial four APIs; accounts, payments, customers, and cards, to the audience of developers. In the presentation, the company’s Diego Blanco, Head of PaaS & Open APIs Platform CTO demonstrated the payments ACH API, showing how the white-labeled API can be used to originate customers and accounts. Check out the full, 15-minute presentation:

The APIs will be piloted by invitation-only with BBVA clients in Spain and the U.S. The bank plans to roll it out with clients in Turkey, Mexico, Latin America and other regions in the future. Interested in seeing more fintech APIs? Tickets for FinDEVr London are on sale now. Hurry! Prices go up May 27.

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On FinDEVr.com

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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Around the web

  • Symphony Software Foundation announces its latest Gold Member, Ipreo.
  • BBVA unveils open API marketplace.
  • Fiserv launches cybersecurity for digital banking solution, SecureNow.
  • Trustly partners with Nordic online fashion retailer, Boozt.com.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

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  • NuCypher and Sureify Earn Finalist Spots at Startup Battlefield, MetLife’s Collab.

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  • Puget Sound Business Journal Features Lighter Capital.
  • NuCypher wins finalist spot at Disrupt NY 2017’s Startup Battlefield.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

Alumni updates

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Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinDEVr APIntelligence

FDNY17-Logo-RevFinDEVr New York will be here in less than one week! Check out company features and take a look at the previews from upcoming presentations. And of course, don’t forget to register today to save!

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Alumni updates

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Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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Around the web

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.