OpenAI EU, Stripe + Bridge, Qualys TotalAppSec

The API Changelog issue 2025.07

Feb 11, 2025

This is issue 2025.07 of the API Changelog, a mix of API news, commentary, and opinion. In this issue, you'll get to know the most relevant API-related information from the week of February 3, 2025. Subscribe now, so you never miss an issue of the API Changelog.

News highlight

OpenAI has launched the O3 Mini to rival China's AI chatbot DeepSeek, featuring advanced reasoning and coding skills. The O3 Mini offers varying performance levels and API access, aims to challenge DeepSeek's influence, and is free on the ChatGPT platform.

Also about OpenAI last week:

OpenAI has created an AI that conducts in-depth online research, synthesizing sources into a comprehensive analyst-level report. The service, limited to Pro users, delivers fully cited work and plans to include data visualization in future updates.
OpenAI expands its European operations by allowing customers to use EU data centers for ChatGPT and API services. The firm competes with Microsoft Azure in the EU, while maintaining data protection and offering GDPR-compliant DPAs.
OpenAI is set to establish a Munich office as part of its European expansion, driven by Germany's leading AI user base. Germany Trade & Invest revealed the move, while OpenAI's CEO sees the country's technical and industrial strengths aligning with their AI ambitions.

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Announcements

MSC Mediterranean Shipping Company has introduced iReefer a sophisticated system for real-time tracking and monitoring of reefer cargo. This new service encompasses three tiers and integrates with the myMSC platform or an API, enhancing MSC's robust digital solutions and global reefer logistics.

CSIO commends Wawanesa Insurance for being the first to achieve JSON API Standards Certification for Billing. Wawanesa's use of JSON API facilitates real-time billing data exchange, enhancing service for brokers and clients. See additional coverage on InsuranceBusiness.

Sequentum has launched a public cloud API for its Sequentum Cloud platform enabling enhanced data extraction automation. The API, now on the Postman Public API Network, offers real-time data access, agent management, and secure, collaborative integration capabilities.

LoanPASS, a loan pricing and decisioning tech provider, has announced integration with Fannie Mae's PE Whole Loan Platform for real-time, tailored loan pricing data. This partnership aims to improve loan profitability and hedging risk management for financial institutions.

Coveo has introduced a Passage Retrieval API for AI apps, boosting the relevance of information from enterprise systems. The API enhances AI outcomes using Coveo's AI-Relevance Platform, supporting numerous applications such as Salesforce Agentforce and Microsoft Copilot. See additional coverage on MarTechCube.

Authentise integrates Autodesk's Fusion APIs to streamline design-to-manufacturing workflows within its Flows system. Users can now perform various additive manufacturing operations directly in Flows, leveraging a seamless connection with Autodesk's tools.

ezCater, the leading food tech platform, launched a new menu API, allowing technology integration for easier catering operations. Checkmate integrates first with this API, helping restaurants like Jet’s Pizza manage their catering menus more efficiently.

Funding and M&A

Stripe has acquired stablecoin platform Bridge for $1.1 billion, Bridge's largest deal ever and a major move into cryptocurrency. Bridge, which enabled companies to accept stablecoins, comes with strong backing and a previous $200 million valuation.

India's payments company, Cashfree Payments, has secured $53 million to expand its payment solutions and market presence, with a strategic investment from KRAFTON. The funding will fuel Cashfree's innovations in cross-border payments, security features, and drive international growth, aligning with the burgeoning FinTech sector. See additional coverage on Entrepreneur.

Lynx, a healthcare payment platform, completed a $27 million funding round aimed at enhancing its growth in various strategic healthcare financial services. The investment will fuel the expansion of Lynx's API-driven solutions for healthcare payment types, including CDH and ICHRA markets.

Rapyd Financial Network seeks $300 million in funding at a $3.5 billion valuation, down from $9 billion in 2021. The firm plans acquisitions, notably after buying Valitor for $100 million and segments of PayU for $610 million.

United Fintech completed the acquisition of Commercial Banking Applications (CBA), boosting its commercial banking technology capabilities. The deal, backed by equity and debt from several top banks, aligns both companies' visions to advance digital transformations for financial institutions. See additional coverage on Fintech Futures.

AI

1Logtech, an innovative iPaaS firm in logistics, introduces an AI tool that automates carrier integrations without manual coding. This solution is faster, reduces the need for developers, and keeps systems current with the latest APIs.

Postman has released AI Agent Builder, an AI-powered tool to create API agents that can write documentation and automate tests. It integrates LLMs and APIs from over 18,000 companies into developers' environments without coding via Postman Flows.

Demand for DeepSeek's AI chatbot has soared, challenging OpenAI's ChatGPT and causing tech stock losses; U.S. tightens AI chip export rules. DeepSeek's pricing model changes soon, Tibor Blacho notes ChatGPT Plus cost tweaks amidst competition, and Copilot integrates OpenAI's model for free. See additional coverage on Gadgets Now, The Crypto Times, and engadget.

MicroCloud Hologram Inc. has integrated DeepSeek's API to enhance its AI-driven holographic technology for more natural user interactions. This integration improves language capabilities and interaction quality, with plans for expansion across various industries. See additional coverage on 8News.

Fintech

Bybit CEO Ben Zhou revealed that actual crypto liquidations might exceed reported figures due to API data feed limits. In reaction to tariff news, Bitcoin slumped below $92,000, and total exchange liquidations topped $2 billion. See additional coverage on Binance Square.

Aviva has partnered with Acturis to launch an API that automates claims transfer, improving efficiency and reducing manual data entry. The API, which streamlines claims management on Acturis, is currently in pilot and will fully roll out in Q1 2025.

Moneyhub is collaborating with Money Squirrel to deliver open banking tech for a new SME financial management app. The app focuses on automating VAT savings and cash flow optimization amid evolving European open banking regulations.

Ozone API is one of eight selected for Mastercard's 'Start Path' program, focusing on Open Banking and Finance innovation. Huw Davies, CEO of Ozone API, emphasizes their role in simplifying banks' API use to drive economic growth and financial inclusion.

Security

Qualys has launched TotalAppSec, an AI-driven solution for managing application risks, integrating API safety, malware detection, and web scanning. The platform prioritizes key application risks and aids in efficient remediation, responding to the increasing complexities of web app and API security threats. See additional coverage on Insider Monkey.

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