FinDEVr APIntelligence

FinDEVrNY16-V2(wdate)Our FinDEVr New York developer showcase is next week on March 29 & 30. Register today and we’ll see you in New York!

Developer news

  • TechCrunch reports: Almost everyone is doing the API economy wrong.

On FinDEVr.com

  • “Financial Information Services Provider Markit Merges with IHS”
  • “Symbiont and Ipreo Team Up to Accelerate the Loan Settlement Process”

The latest from upcoming FinDEVr New York 2015 presenters:

  • Xignite to provide free market data for FinTech Sandbox demo participants. Join Xignite in New York for FinDEVr next week.
  • Markit to supply FinTech Sandbox with fixed income pricing and reference data.
  • PayPal to enable money transfers to Cuba via its Xoom acquisition.
  • 3dcart merchants gain access to end-to-end payment processing courtesy of Braintree.
  • OnDeck partners with Innovate Finance to debut Transatlantic Policy Working Group.
  • Markit unveils new tax utility service.
  • Intuit Developer Group Drops Financial Data APIs; Partners with Finicity to Ease Transition.

Alumni updates:

  • Let’s Talk Payments lists SnoopWall and Entrust in its roundup of the hottest mobile security companies.
  • Avalara teams up with WooCommerce to help online merchants manage sales taxes.

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

Intuit Developer Group Drops Financial Data APIs, Partners with Finicity to Ease Transition

IntuitDeveloperGroup_homepage_Mar2016

Intuit Developer Group has decided to discontinue its Financial Services APIs (CAD), which provide financial account aggregation services to a number of third parties. Writing at Intuit’s developer page, Head of Financial Data Services Emily Silberstein explained that the service “no longer fits with our core growth strategy.”

“As of today (March 15, 2016), no new direct financial data API (CAD) developers will be allowed to move into production,” she wrote. The API will be maintained until November 15 to accommodate developers currently in production. Silberstein added that Intuit was partnering with Finicity which “will provide a façade API interface that translates Intuit-structured API calls into Finicity-structured API calls.”

IntuitDeveloperGroup_stage_FinDEVr2015

Pictured: Intuit Developer Group’s Head of Financial Data Services, Emily Silberstein, during her presentation at FinDEVr 2015 in San Francisco.

Over at Finicity, the company has already rolled out the welcome mat. Finicity assures newcomers that its APIs “have the same origins and Intuit’s” and that “our teams are doing all the hard work to make sure our new ‘Façade’ API is a true replica of Intuit’s API, so you don’t have to do another integration.” Developers can sign up to test drive the API at Finicity’s developer portal. The company is also offering two months of free service for developers who migrate to the Intuit façade API or Finicity’s API before July 15.

FinicityIntuit_migration

Making its Finovate debut at FinovateSpring 2015 in San Jose, Finicity was founded in 1999 and is headquartered in Salt Lake City, Utah. A provider of API services for account aggregation, cash-flow verification, and account-ownership verification, Finicity is the maker of the TxPUSH API for Fintech Apps, which makes it easier for developers to use the Finicity API platform to receive account and transaction data instantly.

Intuit Developer Group demonstrated its Transactions and Identification APIs at FinDEVr 2015 in San Francisco last fall. In January, the company tapped Vinay Pai to be head of the developer team, and in February, the Group celebrated the 15th anniversary of the launch of the Intuit Developer Network and the release of the first QuickBooks API.

The decision by Intuit Developer Group leaves Finicity, Envestnet | Yodlee, and FinDEVr alum, Plaid, as the remaining few major firms providing financial account-aggregation services in the United States. Yodlee, acquired by Envestnet last August, released a simplified, more intuitive RESTful API architecture in February. The Redwood City, California-based company presented its financial data platform and rapid development kit at FinDEVr 2015.

Finovate Alumni News

On Finovate.com

  • “Finovate Debuts: InvestGlass Built a Robo-Adviser for Advisers”
  • “Intuit Developer Group Drops Financial Data APIs; Partners with Finicity to Ease Transition”
  • “Qumram Raises $2.5 Million to Bring Website Recording to North America & U.K.”

Around the web

  • Ripple opens new office in London.
  • Markit and IHS announce $13 billion merger agreement.
  • Quantopian to launch in Australia.
  • Vibrant Credit Union converts to DNA account-processing platform from Fiserv.
  • Finextra interviews James Redfern, eWise’s global head of sales.
  • PayPal’s Dan Schulman travels to Cuba to see how it can work with the country’s small businesses.
  • Kony updates Kony Visualizer 7.0, releases free starter edition.
  • StreetShares announces SEC approval for Regulation A+ deal.
  • The Evening Show with Simon Rose interviews Trustly’s Chief Commercial Officer.
  • Blackhawk Network’s CEO Talbott Roche receives PYMNTS Innovator Award for “Women Driving Innovation in Payments.”
  • VICE’s Motherboard features ZeroDB. See them live at FinDEVr 2016 on March 29 and 30.
  • Jumio sells assets to Facebook co-founder and early backer, Eduardo Saverin.
  • The Paypers interviews Nuno Sebastiao of Feedzai.

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 Live: A New API from Intuit Developer Group Gives Builders Access to End-user Authenticated Financial Data

IntuitDeveloper_FinDEVr2015_Preview_image

developer.intuit.com | developer.intuit.com/blog | @Intuitdev

IntuitDeveloper_FinDEVr2015_logoIntuit Developer offers you a vast, ready-to-tap opportunity to generate app revenues and grow your business. Our goal is to help you get your app built, published, and adopted as quickly as possible using best-in-class tools, high-quality APIs, industry-leading security practices and dedicated support.

Intuit’s financial data APIs
Intuit’s Financial Data APIs provide developers with access to end-user authenticated financial data:

Transactions API provides access to financial account information from 20,000 financial institutions.

Identification API provides bank account and routing numbers and personal information on the bank owner to verify identity and reduce friction in setting up an ACH.

Key takeaways:

  • Forget your checkbook or micro-deposits, get the information you need to set up an ACH in seconds with your bank account username and password
  • Access end-user authenticated data from more than 20,000 financial institutions
  • Leverage the same technology that fuels Mint, QuickBooks, and Quicken, and join the thousands of developers who are part of the Intuit developer community.

IntuitLiveblogIMG

Presenters:

Emily Silberstein, Head of Financial Data APIs (CAD)
LinkedIn |@ersilberstein

Silberstein manages Intuit’s Financial Data Services business for third-party developers. Prior to Intuit, Silberstein was a fintech entrepreneur, launching and running the Asia business for an alternative data credit scoring startup. Silberstein holds an M.B.A. from Harvard and is originally from Iowa.

Jarred Keneally (not pictured), Head of Developer Relations Engineering
LinkedIn | @JarredKeneally

Keneally is a developer relations leader and has been with Intuit for 15 years. He has a background in software engineering and a degree in computer engineering from Northeastern University. He lives in the San Francisco Bay area with his wife and children.

Chase Ellsworth, Software Engineer, Earnest

FinDEVr Preview: Intuit Developer Group

FinDEVr2015LogoV2DateFinDEVr Previews highlight companies presenting new developer tools, platforms and integrations at the second annual FinDEVr, 6/7 October.

Intuit Developer Group’s Financial Data APIs (CAD) provide access to user-authenticated financial data through:

  • Transactions API: Provides financial account information from 20,000 financial institutions
  • Identification API: Provides bank account, routing numbers and bank owner information to verify identity and frictionlessly set up ACH

IntuitDeveloper_FinDEVr2015_Preview_image

Why it’s a must-see

Intuit Developer Group’s Financial Data APIs (CAD) leverage the same technology that powers Mint.com, Quicken, and QuickBooks, enabling developers to access data from the largest number of financial institutions among aggregation providers. The technology provides a self-service app-development platform with transparent pricing and a sandbox with no time limits.


Check out more of today’s FinDEVr Previews: