Our Founder and CEO Lisa Shields shares an article about APIs as enablers to banking renaissance. Read her excellent points and opinion Read More.
“We believe that the emergence of a vibrant marketplace of specialized FinTech providers, leveraged via APIs, means there has never been a better time to be a mid-sized bank(er).” – Lisa Shields, FI.SPAN CEO
A FI.SPAN collaboration with PYMNTS.com brings you the August issue of the B2B API Tracker with a featured story from Jason Carone, Silicon Valley Bank’s director of ACH product management. Read how he discusses bridging the divide between FinTechs and banks with the “lingua franca” – or common language – of APIs Read More.
“FinTechs are pushing banks to go further. They’re essentially stepping in and doing business that has traditionally only been done by a bank.”
- Jason Carone
Two Canadian fintech companies have teamed up with some of America’s biggest tech giants to fend off patent trolls. Read More.
“It prevents you from operating your business. When you’re a startup, you’re cash constrained. You should be protecting your IP that you generate and make sure it’s not in (legal) violation.”
Our very own Lisa Shields talks about IP Protection Strategies and how to get one for cheap! Read More.
“When I conceived my second startup, FI.SPAN—an API banking platform that connects financial institutions with independent FinTech service providers—in August 2016, I knew from the beginning that I wanted to invest in our IP strategy.”
FI.SPAN’s CCO David Koch talks about how his past prepared him to combat problems in his current position and how banks are going to have to change in the future if they want to stay afloat. Read More.
“A lot of my previous experiences had prepared me for exactly the opportunity that FI.SPAN is going after. FI.SPAN is the grease in reducing the friction of APIs. On the back end, FI.SPAN is helping take whatever generation of technology exists on the current systems and translates that into an API going outbound.”
Clayton Weir, Co-Founder and Head of Strategy talks collaboration between banks and FinTech startups with PYMNTS.com.
“It’s a win-win for everyone,” Weir noted. “If you swap a payor-directed payment system to one that is much more dynamic, you (as an FI) have the chance to process these things … much more efficiently. This allows both the customer and the bank to benefit.”
Are the stars aligning for companies to make API investment a top priority? The April PYMNTS.com B2B API Tracker™, powered by FI.SPAN, looks at how companies engaged in cross-border trade are turning to API solutions to reduce the friction that some players encounter when engaged in cross-border trade, including a brief editorial from our very own Clayton Racine Weir. Read more at PYMNTS.com.
“While engineers widely understand the technology, the business value of APIs is only more recently becoming known in our industry.”
Our Very Own Lisa Shields discussing the Importance of API partners in B2B Financial Services. Read more on PYMNTS.com.
“Banks have always been a trusted service provider of core financial services, but customers are turning to third parties for functional innovation,” she said. “What I see service management platforms doing is turning and orchestrating these innovating and compelling third-party offerings into a point-and-click exercise.”
Shared With Permission of Electronic Payments International
Please Read the Full Article on their site. (Subscription Required)
In June 2014, private equity firm Primus Capital became Hyperwallet’s majority shareholder, and Shields exited the firm. She founded FI.SPAN to target the business-to-business (B2B) banking and payments space in August 2016.
“The genesis of FI.SPAN was visits to Hyperwallet clients six to eight months after they had started working with us,” explains Shields.“These large corporations would ask if we could provide services such as cash management, foreign exchange or vendor payments. Clearly, they had unmet needs that their banks weren’t fulfilling, and were willing to work with third-party fintechs to meet these needs.”