The IFX Forum is embarking on an important initiative for banks and their partners to collaborate on standardizing Open Banking APIs.
IFX Forum President Rich Urban's views on the future of APIs in banking have been published at the "Future of Everything" website. He starts out by saying “In technology spheres the concept of APIs is hardly new. Why all the hullaballoo these days over Open Banking...
Learn more in this report.
If you’re not participating in Standards Development, then you’re either re-inventing the wheel or playing by somebody else’s rules! The IFX standard contains thousands of data elements and hundreds of messages specifically designed for banks by banks and bank partners over 18 years. Our service-oriented, object-based message standard is ideal for API-enabled deployments, too.
The IFX Business Message Specification (BMS) began in 1998 and today is the industry-leading message standard for financial institutions using Service Oriented Architecture.
The IFX Business Message Specification covers a broad range of content for most retail and business banking needs, with more than 60 business objects and thousands of data elements.
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