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Latest Revolut API News
- Dwolla launches new Open Banking services - ThePaypers
US-based Dwolla has launched new built-in Open Banking integrations to extend its A2A offering with instant account verification, balance checks, ...
- The Israeli startup aiming to eliminate overdrafts once and for all | Ctech
Because of the open banking in Europe, it is very easy to move from market to market there." In Israel you landed on relatively virgin territory ...
- Macy's will close 150 stores, open new Bloomingdale's, Bluemercury - CNBC
Macy's plans to close some namesake stores and open new Bloomingdale's and Bluemercury locations that reflect what's working at the retailer.
With headquarters in the UK, Revolut provides numerous banking and financial services through its mobile application as a fintech firm. In 2015, Nikolay Storonsky and Vlad Yatsenko established the company.
After launching, Revolut experienced significant growth and became one of the top fintech companies in Europe. More than 35 countries now host the operations of this company that has gained over 15 million customers worldwide.
Revolut utilizes multiple APIs to offer services to its customers, including:
Payments, including peer-to-peer ones and currency exchanges, can be processed using the Payment API.
Ensuring account security, this API authenticates users.
The account information and transaction history of users are available through this API.
Revolut utilizes the Open Banking API to enable clients to securely link their bank accounts with third-party providers for more customized financial services.
Revolut has implemented various measures to safeguard its customers’ data, as security is a top priority. Two-factor authentication, end-to-end encryption of all customer data, and fraud detection algorithms make up these security measures.
A data breach that took place in 2019 was among the minor security issues Revolut faced earlier. It’s worth noting that this incident only affected a small portion of their clients. The company promptly responded to the issue and improved its security protocols.
APIs are integral to Revolut’s operations, so ensuring their optimal performance is essential for preserving revenue and protecting the company’s standing. Scalable infrastructure investment and utilization of monitoring tools by Revolut ensure reliable API performance.
The combination of private and public cloud technology used in Revolut’s infrastructure allows for scalability and flexibility. To keep their services accessible to clients, the company has implemented multiple data centers and network providers.
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