Inkless, TransBnk $26M, Binance API Scam
The API Changelog issue 2025.35
This is issue 2025.35 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 August 25, 2025. Subscribe now so you never miss an issue of the API Changelog.
News Highlight
OpenAI launches its Realtime API with the new gpt-realtime model, boasting natural speech and 20% reduced cost. Enhanced features like image inputs and phone call integration bolster its position against competitors like Mistral, Anthropic, and Xiaomi.
OpenAI's GPT-realtime speech model is a revolutionary advancement in voice AI, allowing developers to create human-like interactions that feel intuitive, responsive, and emotionally intelligent. It offers emotional adaptability, multilingual support, speech-to-speech capabilities, and enhanced API features like asynchronous function calling and SIP telephony integration. The model's performance enhancements, including improved audio quality, instruction adherence, and function calling accuracy, ensure reliable and effective communication in real-world scenarios. Its potential to transform industries like education, healthcare, and customer support is demonstrated through collaborations with T-Mobile for AI-assisted customer service.
OpenAI has upgraded its real-time API, introducing new capabilities and improved performance. The API offers lower latency and greater scalability, support for image input, asynchronous function calling, and SIP telephony integration. The Model Customization Platform (MCP) allows developers to fine-tune the model for specific use cases. Performance enhancements include improved audio quality, instruction adherence, and function calling accuracy. The GPT-realtime speech model has been used in collaborations with T-Mobile, simplifying complex customer interactions. OpenAI has also updated its API documentation and introduced new tools to support developers and foster innovation.
OpenAI's GPT-realtime speech model and API are revolutionizing voice AI, enabling intuitive, human-like applications across industries like customer support, education, and healthcare.
See additional coverage on Inc., SiliconANGLE, MarkTechPost , Gadgets 360, VentureBeat and the decoder.
Events
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Announcements
Lone Wolf Technologies, a leader in real estate software, launches Inkless, an API-first e-signature platform with transparent, flexible pricing, and developer control. Inkless, using the proven Authentisign engine, offers cost savings and white-label customization, challenging traditional contract structures and aiming at seamless integration across industries.
Qantas improved API reliability by adopting WSO2 Management updates and shifting to an event-hub architecture, enabling better scaling and recovery from failures. The airline also containerized its API platform and enhanced observability to proactively detect issues, resulting in a resilient system with minimal critical incidents.
Console Connect has become the first to earn Mplify's expanded LSO API certification. The program standardizes automation in multi-provider services and facilitates Network-as-a-Service (NaaS) ecosystems.
Meta is integrating Dynamic Media into its Advantage+ campaigns by default to improve ad performance and optimize its AI-driven ad recommendations. This update, effective September 1, 2025, will apply to all Marketing API-created Advantage+ Catalog ads, with an opt-out option available.
Levelpath enhances its AI-native procurement platform by adding an integration with Ironclad, improving the contract management process across procurement teams. This connection accelerates processes, ensures compliance, and offers a consolidated view of organizational operations.
Funding and M&A
Refold AI emerges from stealth with $6.5M to tackle API integration issues using AI agents, aiming to reduce manual maintenance. The startup plans to enhance its product and support a growing enterprise customer base with its recent funding and innovative three-layered platform architecture.
TransBnk has raised $26 million total, marking a sevenfold increase in its valuation. The startup is planning expansion into Southeast Asia and the Middle East, targeting new sectors like real estate and energy.
GLOBE's venture builder, 917Ventures, launches the API Build Lab to foster new APIs in Southeast Asia, offering mentorship and funding. Finalists will compete at the 2025 Geeks on a Beach event in Cebu, with chances to win cash prizes and API monetization.
AI
Google updates Gemini chatbot with new AI image editing tools, challenging OpenAI's image capabilities and drawing social media acclaim. Google's improved Gemini AI aims to give users more precision and control in editing, amidst a competitive AI image model landscape involving Meta and Midjourney.
ESET reported the first AI-driven ransomware, PromptLock, which variably behaves using AI-generated scripts to evade detection. The ransomware, which uses OpenAI's model locally, foils defensive tools and showcases a practical, albeit nefarious, use for AI in cyberattacks. See additional coverage on TechNadu.
Sapia.ai announced the launch of its Skills Intelligence API to integrate AI-driven skills analysis into various HR systems. The API, leveraging over 7 million interviews, provides ethical, explainable talent assessments for improved hiring
Fintech
Verto unveiled The Atlas Suite, offering APIs for seamless global payment services integration, targeting emerging markets' financial barriers. The suite provides businesses with local accounts, FX liquidity, and compliant infrastructure across 49 currencies, facilitating expansion and trade in Africa.
Thread Bank has selected Finxact to enhance its banking platform with cutting-edge, scalable technology. The integration with Finxact and Infinant provides Thread a modern interface and broadens its embedded banking solutions.
Security
Binance CEO Richard Teng warned of a scam where fake customer service asks to change user APIs. Scammers withdraw cryptocurrency using this access, and official observations confirm the fraud without disclosing case numbers. See additional coverage on AInvest.
OpenAI and Anthropic engaged in an unusual joint safety testing of their AI models to identify blind spots. Both companies support the idea of collaborating on AI safety, although intense competition and a lawsuit over ChatGPT's advice in a teen's suicide underscore complex challenges.