Article: What’s next for Open Banking?

Money, Open Governance

What’s next for Open Banking?

Appetite for “Open Banking”, where consumers allow third-party providers to use the financial information held by their bank to inform new products, is growing; Progress in the sector differs by region, but demand for and use of Open Banking services has been further expedited by the COVID-19 pandemic;

To make Open Banking successful and sustainable, however, more banks need to embrace an end-to-end digital architecture. In recent years, technology has facilitated a progressive opening up of the banking industry. It has ushered in an era of collaboration not just competition between incumbent banks and fintech.

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Article: Open-source AsyncAPI Initiative to be hosted by the Linux Foundation

API, Open Infrastructure, Open Source

Open-source AsyncAPI Initiative to be hosted by the Linux Foundation

The Linux Foundation said today that it has agreed to host a promising open-source project known as the AsyncAPI Initiative that has already been put to use by several big enterprise technology firms.

The AsyncAPI Initiative includes both a specification and a set of open-source tools that are designed to work with asynchronous application programming interfaces and event-driven architectures, the foundation said.

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Article: Y Combinator-backed Vue Storefront aims to be the ‘glue’ for e-commerce

Code, Open Software, Open Source

Y Combinator-backed Vue Storefront aims to be the ‘glue’ for e-commerce

“Headless commerce” is a phrase that gets thrown around lot (I’ve typed it several times today already), but Vue Storefront CEO Patrick Friday has an especially vivid way of using the concept to illustrate his startup’s place in the broader ecosystem.

“Vue Storefront is the bodiless front end,” Friday said. “We are the walking head.” In other words, while most headless commerce companies are focused on creating back-end infrastructure, Vue powers the front end, namely the progressive web applications with which consumers actually interact. The company describes itself as “the lightning-fast front-end platform for headless commerce.”

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Article: Trust The Technology: Decentralized Finance Drives Birth Of New Internet Credit Markets

Money, Open Governance, Open Source, Standards

Trust The Technology: Decentralized Finance Drives Birth Of New Internet Credit Markets

Imagine a world in which moving money is as easy as sending an email or a text message, without an institution as the intermediary or a regulator as the watchdog. As Circle CEO Jeremy Allaire told Karen Webster, it’s a world that exists today mostly for institutional investors and savvy crypto traders who have embraced the decentralized finance (DeFi) ethos — the power of software, programmable contracts and blockchain infrastructure — to create the cornerstone for a new, accessible, internet-based credit market.

According to Allaire, the combination of DeFi and CeFi — blockchain-powered payments that provide a regulated intermediary for those with a different appetite for risk — will be a critical trend to watch as the intersection of FinTechs, blockchain-based payments and finance platforms promise to bring financial services to the masses, globally and at scale.

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