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When it comes to sharing data, the German banking sector is still way ahead. It introduced banking APIs 20 years ago. Only now are other countries catching up. Find out about how and why bank API standard developed and what the situation is in other countries.

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The final implementation date for PSD2 is fast approaching. This groundbreaking set of rules is deregulating payments in The European Union. What does PSD2 mean? You’ll find out everything there is to know for consumers, fintechs, and banks. This is Payment Services Directive 2 explained.

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In most of the cases, a company is unable to offer financial services without identifying a customer. However, usually this process is either done offline or is performed online, but sloppily. In this article, we are going to take a look at the most common ways of verifying a customer identity online and will forecast the most popular ways of doing this in just a few years from now.

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Banking API, PSD 2, XS2A and other terms are heard often in 2016. What do they all stand for? In this article you will get answers to 10 burning questions about banking API technology. Treat it as your survival guide for understanding financial data aggregation.

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FinDEVr is the world's largest event for the builders of the financial technologies. This has not been the first time for us to visit this venue, yet only this year we got a chance to present our technology. Read our experiences about visiting the event, presenting at it and watch the recording of the presentation.

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What is an API?

Nowadays we hear about API as often as never before. Most of the Internet services come with API, but a few of us may still wonder - “what is API?”. API is an abbreviation from Application Programming Interface and if you look up wikipedia, it would define it as protocols and tools that are used to development the software. It would also tell you that API just expresses a component of a program. Is this definition simple enough? We are not convinced. It just isn’t simple enough and this is why Kontomatik is presenting you with an article that will explain ins and outs of API in the language you can understand.

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