class Akismet_REST_API { /** * Register the REST API routes. */ public static function init() { if ( ! function_exists( 'register_rest_route' ) ) { // The REST API wasn't integrated into core until 4.4, and we support 4.0+ (for now). return false; } register_rest_route( 'akismet/v1', '/key', array( array( 'methods' => WP_REST_Server::READABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'get_key' ), ), array( 'methods' => WP_REST_Server::EDITABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'set_key' ), 'args' => array( 'key' => array( 'required' => true, 'type' => 'string', 'sanitize_callback' => array( 'Akismet_REST_API', 'sanitize_key' ), 'description' => __( 'A 12-character Akismet API key. Available at akismet.com/get/', 'akismet' ), ), ), ), array( 'methods' => WP_REST_Server::DELETABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'delete_key' ), ) ) ); register_rest_route( 'akismet/v1', '/settings/', array( array( 'methods' => WP_REST_Server::READABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'get_settings' ), ), array( 'methods' => WP_REST_Server::EDITABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'set_boolean_settings' ), 'args' => array( 'akismet_strictness' => array( 'required' => false, 'type' => 'boolean', 'description' => __( 'If true, Akismet will automatically discard the worst spam automatically rather than putting it in the spam folder.', 'akismet' ), ), 'akismet_show_user_comments_approved' => array( 'required' => false, 'type' => 'boolean', 'description' => __( 'If true, show the number of approved comments beside each comment author in the comments list page.', 'akismet' ), ), ), ) ) ); register_rest_route( 'akismet/v1', '/stats', array( 'methods' => WP_REST_Server::READABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'get_stats' ), 'args' => array( 'interval' => array( 'required' => false, 'type' => 'string', 'sanitize_callback' => array( 'Akismet_REST_API', 'sanitize_interval' ), 'description' => __( 'The time period for which to retrieve stats. Options: 60-days, 6-months, all', 'akismet' ), 'default' => 'all', ), ), ) ); register_rest_route( 'akismet/v1', '/stats/(?P[\w+])', array( 'args' => array( 'interval' => array( 'description' => __( 'The time period for which to retrieve stats. Options: 60-days, 6-months, all', 'akismet' ), 'type' => 'string', ), ), array( 'methods' => WP_REST_Server::READABLE, 'permission_callback' => array( 'Akismet_REST_API', 'privileged_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'get_stats' ), ) ) ); register_rest_route( 'akismet/v1', '/alert', array( array( 'methods' => WP_REST_Server::READABLE, 'permission_callback' => array( 'Akismet_REST_API', 'remote_call_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'get_alert' ), 'args' => array( 'key' => array( 'required' => false, 'type' => 'string', 'sanitize_callback' => array( 'Akismet_REST_API', 'sanitize_key' ), 'description' => __( 'A 12-character Akismet API key. Available at akismet.com/get/', 'akismet' ), ), ), ), array( 'methods' => WP_REST_Server::EDITABLE, 'permission_callback' => array( 'Akismet_REST_API', 'remote_call_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'set_alert' ), 'args' => array( 'key' => array( 'required' => false, 'type' => 'string', 'sanitize_callback' => array( 'Akismet_REST_API', 'sanitize_key' ), 'description' => __( 'A 12-character Akismet API key. Available at akismet.com/get/', 'akismet' ), ), ), ), array( 'methods' => WP_REST_Server::DELETABLE, 'permission_callback' => array( 'Akismet_REST_API', 'remote_call_permission_callback' ), 'callback' => array( 'Akismet_REST_API', 'delete_alert' ), 'args' => array( 'key' => array( 'required' => false, 'type' => 'string', 'sanitize_callback' => array( 'Akismet_REST_API', 'sanitize_key' ), 'description' => __( 'A 12-character Akismet API key. Available at akismet.com/get/', 'akismet' ), ), ), ) ) ); register_rest_route( 'akismet/v1', '/webhook', array( 'methods' => WP_REST_Server::CREATABLE, 'callback' => array( 'Akismet_REST_API', 'receive_webhook' ), 'permission_callback' => array( 'Akismet_REST_API', 'remote_call_permission_callback' ), ) ); } /** * Get the current Akismet API key. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function get_key( $request = null ) { return rest_ensure_response( Akismet::get_api_key() ); } /** * Set the API key, if possible. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function set_key( $request ) { if ( defined( 'WPCOM_API_KEY' ) ) { return rest_ensure_response( new WP_Error( 'hardcoded_key', __( 'This site\'s API key is hardcoded and cannot be changed via the API.', 'akismet' ), array( 'status'=> 409 ) ) ); } $new_api_key = $request->get_param( 'key' ); if ( ! self::key_is_valid( $new_api_key ) ) { return rest_ensure_response( new WP_Error( 'invalid_key', __( 'The value provided is not a valid and registered API key.', 'akismet' ), array( 'status' => 400 ) ) ); } update_option( 'wordpress_api_key', $new_api_key ); return self::get_key(); } /** * Unset the API key, if possible. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function delete_key( $request ) { if ( defined( 'WPCOM_API_KEY' ) ) { return rest_ensure_response( new WP_Error( 'hardcoded_key', __( 'This site\'s API key is hardcoded and cannot be deleted.', 'akismet' ), array( 'status'=> 409 ) ) ); } delete_option( 'wordpress_api_key' ); return rest_ensure_response( true ); } /** * Get the Akismet settings. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function get_settings( $request = null ) { return rest_ensure_response( array( 'akismet_strictness' => ( get_option( 'akismet_strictness', '1' ) === '1' ), 'akismet_show_user_comments_approved' => ( get_option( 'akismet_show_user_comments_approved', '1' ) === '1' ), ) ); } /** * Update the Akismet settings. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function set_boolean_settings( $request ) { foreach ( array( 'akismet_strictness', 'akismet_show_user_comments_approved', ) as $setting_key ) { $setting_value = $request->get_param( $setting_key ); if ( is_null( $setting_value ) ) { // This setting was not specified. continue; } // From 4.7+, WP core will ensure that these are always boolean // values because they are registered with 'type' => 'boolean', // but we need to do this ourselves for prior versions. $setting_value = Akismet_REST_API::parse_boolean( $setting_value ); update_option( $setting_key, $setting_value ? '1' : '0' ); } return self::get_settings(); } /** * Parse a numeric or string boolean value into a boolean. * * @param mixed $value The value to convert into a boolean. * @return bool The converted value. */ public static function parse_boolean( $value ) { switch ( $value ) { case true: case 'true': case '1': case 1: return true; case false: case 'false': case '0': case 0: return false; default: return (bool) $value; } } /** * Get the Akismet stats for a given time period. * * Possible `interval` values: * - all * - 60-days * - 6-months * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function get_stats( $request ) { $api_key = Akismet::get_api_key(); $interval = $request->get_param( 'interval' ); $stat_totals = array(); $request_args = array( 'blog' => get_option( 'home' ), 'key' => $api_key, 'from' => $interval, ); $request_args = apply_filters( 'akismet_request_args', $request_args, 'get-stats' ); $response = Akismet::http_post( Akismet::build_query( $request_args ), 'get-stats' ); if ( ! empty( $response[1] ) ) { $stat_totals[$interval] = json_decode( $response[1] ); } return rest_ensure_response( $stat_totals ); } /** * Get the current alert code and message. Alert codes are used to notify the site owner * if there's a problem, like a connection issue between their site and the Akismet API, * invalid requests being sent, etc. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function get_alert( $request ) { return rest_ensure_response( array( 'code' => get_option( 'akismet_alert_code' ), 'message' => get_option( 'akismet_alert_msg' ), ) ); } /** * Update the current alert code and message by triggering a call to the Akismet server. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function set_alert( $request ) { delete_option( 'akismet_alert_code' ); delete_option( 'akismet_alert_msg' ); // Make a request so the most recent alert code and message are retrieved. Akismet::verify_key( Akismet::get_api_key() ); return self::get_alert( $request ); } /** * Clear the current alert code and message. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function delete_alert( $request ) { delete_option( 'akismet_alert_code' ); delete_option( 'akismet_alert_msg' ); return self::get_alert( $request ); } private static function key_is_valid( $key ) { $request_args = array( 'key' => $key, 'blog' => get_option( 'home' ), ); $request_args = apply_filters( 'akismet_request_args', $request_args, 'verify-key' ); $response = Akismet::http_post( Akismet::build_query( $request_args ), 'verify-key' ); if ( $response[1] == 'valid' ) { return true; } return false; } public static function privileged_permission_callback() { return current_user_can( 'manage_options' ); } /** * For calls that Akismet.com makes to the site to clear outdated alert codes, use the API key for authorization. */ public static function remote_call_permission_callback( $request ) { $local_key = Akismet::get_api_key(); return $local_key && ( strtolower( $request->get_param( 'key' ) ) === strtolower( $local_key ) ); } public static function sanitize_interval( $interval, $request, $param ) { $interval = trim( $interval ); $valid_intervals = array( '60-days', '6-months', 'all', ); if ( ! in_array( $interval, $valid_intervals ) ) { $interval = 'all'; } return $interval; } public static function sanitize_key( $key, $request, $param ) { return trim( $key ); } /** * Process a webhook request from the Akismet servers. * * @param WP_REST_Request $request * @return WP_Error|WP_REST_Response */ public static function receive_webhook( $request ) { Akismet::log( array( 'Webhook request received', $request->get_body() ) ); /** * The request body should look like this: * array( * 'key' => '1234567890abcd', * 'endpoint' => '[comment-check|submit-ham|submit-spam]', * 'comments' => array( * array( * 'guid' => '[...]', * 'result' => '[true|false]', * 'comment_author' => '[...]', * [...] * ), * array( * 'guid' => '[...]', * [...], * ), * [...] * ) * ) * * Multiple comments can be included in each request, and the only truly required * field for each is the guid, although it would be friendly to include also * comment_post_ID, comment_parent, and comment_author_email, if possible to make * searching easier. */ // The response will include statuses for the result of each comment that was supplied. $response = array( 'comments' => array(), ); $endpoint = $request->get_param( 'endpoint' ); switch ( $endpoint ) { case 'comment-check': $webhook_comments = $request->get_param( 'comments' ); if ( ! is_array( $webhook_comments ) ) { return rest_ensure_response( new WP_Error( 'malformed_request', __( 'The \'comments\' parameter must be an array.', 'akismet' ), array( 'status' => 400 ) ) ); } foreach ( $webhook_comments as $webhook_comment ) { $guid = $webhook_comment['guid']; if ( ! $guid ) { // Without the GUID, we can't be sure that we're matching the right comment. // We'll make it a rule that any comment without a GUID is ignored intentionally. continue; } // Search on the fields that are indexed in the comments table, plus the GUID. // The GUID is the only thing we really need to search on, but comment_meta // is not indexed in a useful way if there are many many comments. This // should help narrow it down first. $queryable_fields = array( 'comment_post_ID' => 'post_id', 'comment_parent' => 'parent', 'comment_author_email' => 'author_email', ); $query_args = array(); $query_args['status'] = 'any'; $query_args['meta_key'] = 'akismet_guid'; $query_args['meta_value'] = $guid; foreach ( $queryable_fields as $queryable_field => $wp_comment_query_field ) { if ( isset( $webhook_comment[ $queryable_field ] ) ) { $query_args[ $wp_comment_query_field ] = $webhook_comment[ $queryable_field ]; } } $comments_query = new WP_Comment_Query( $query_args ); $comments = $comments_query->comments; if ( ! $comments ) { // Unexpected, although the comment could have been deleted since being submitted. Akismet::log( 'Webhook failed: no matching comment found.' ); $response['comments'][ $guid ] = array( 'status' => 'error', 'message' => __( 'Could not find matching comment.', 'akismet' ) ); continue; } if ( count( $comments ) > 1 ) { // Two comments shouldn't be able to match the same GUID. Akismet::log( 'Webhook failed: multiple matching comments found.', $comments ); $response['comments'][ $guid ] = array( 'status' => 'error', 'message' => __( 'Multiple comments matched request.', 'akismet' ) ); continue; } else { // We have one single match, as hoped for. Akismet::log( 'Found matching comment.', $comments ); $current_status = wp_get_comment_status( $comments[0] ); $result = $webhook_comment['result']; if ( 'true' == $result ) { Akismet::log( 'Comment should be spam' ); // The comment should be classified as spam. if ( 'spam' != $current_status ) { // The comment is not classified as spam. If Akismet was the one to act on it, move it to spam. if ( Akismet::last_comment_status_change_came_from_akismet( $comments[0]->comment_ID ) ) { Akismet::log( 'Comment is not spam; marking as spam.' ); wp_spam_comment( $comments[0] ); Akismet::update_comment_history( $comments[0]->comment_ID, '', 'webhook-spam' ); } else { Akismet::log( 'Comment is not spam, but it has already been manually handled by some other process.' ); Akismet::update_comment_history( $comments[0]->comment_ID, '', 'webhook-spam-noaction' ); } } } else if ( 'false' == $result ) { Akismet::log( 'Comment should be ham' ); // The comment should be classified as ham. if ( 'spam' == $current_status ) { Akismet::log( 'Comment is spam.' ); // The comment is classified as spam. If Akismet was the one to label it as spam, unspam it. if ( Akismet::last_comment_status_change_came_from_akismet( $comments[0]->comment_ID ) ) { Akismet::log( 'Akismet marked it as spam; unspamming.' ); wp_unspam_comment( $comments[0] ); akismet::update_comment_history( $comments[0]->comment_ID, '', 'webhook-ham' ); } else { Akismet::log( 'Comment is not spam, but it has already been manually handled by some other process.' ); Akismet::update_comment_history( $comments[0]->comment_ID, '', 'webhook-ham-noaction' ); } } } $response['comments'][ $guid ] = array( 'status' => 'success' ); } } break; case 'submit-ham': case 'submit-spam': // Nothing to do for submit-ham or submit-spam. break; default: // Unsupported endpoint. break; } /** * Allow plugins to do things with a successfully processed webhook request, like logging. * * @since 5.3.2 * * @param WP_REST_Request $request The REST request object. */ do_action( 'akismet_webhook_received', $request ); Akismet::log( 'Done processing webhook.' ); return rest_ensure_response( $response ); } } Britain’s $4.5 billion digital bank Monzo debuts investments feature | Modern Business International
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HomeGlobal NewsBritain's $4.5 billion digital bank Monzo debuts investments feature

Britain’s $4.5 billion digital bank Monzo debuts investments feature

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Monzo, the $4.5 billion digital challenger bank, launched a feature that lets users make investments —marking its first foray into the massive financial investment market.

The feature, called Investments, will allow Monzo’s customers to invest in a number of funds handpicked by asset management giant BlackRock. CNBC got an early look at the product in Monzo’s headquarters last week. It’s set to start rolling out Tuesday, and will allow users to invest with as little as £1.

The move will put Monzo into competition with large established banks like Chase, which offers online investment management through its Nutmeg subsidiary; asset management firms; and younger startup competitors such as Chip, Moneybox, and Plum.

Monzo already lets its customers put their money into interest-yielding savings pots. But this is the first time the company is making a move into the world of investing.

The application process is pretty straightforward. Customers will be invited to a waitlist to access the product. Eligible users who’ve joined the waitlist will then get invited to create an investment pot.

After that, they’ll be taken through to a set of screens where they learn about the product and get to choose from three funds handpicked by BlackRock based on different risk levels.

Monzo Investments will allow users to start investing with as little as £1.

Monzo

The choice is split between three funds managed by BlackRock: Careful, Balanced and Adventurous. At the “careful” end of the scale is a low-risk, low-return fund; the “balanced” fund has medium high risk and reward; while the “adventurous” one is about higher-risk allocations with much larger potential returns.

Lack of investing knowledge among Brits

TS Anil, Monzo’s co-founder and CEO, said the company had worked to bring about an investment feature to tackle a lack of knowledge from Brits when it comes to investing.

“There’s many, many barriers customers have in getting started … and the aim of our product is to banish those barriers,” Anil told CNBC in an interview ahead of the product launch. “One of the biggest barriers is the idea that investing isn’t affordable so people can’t get started. With Monzo Investments, you can start from £1.”

“Another of these is that they feel overwhelmed as they don’t have the knowledge they need to get started, so we’ve embedded the knowledge and tools to make good decisions,” Anil added. “Another is that it doesn’t feel personalised, so we’re offering three simple options based on individual risk preferences to ensure it’s tailored to them.”

According to YouGov research commissioned by Monzo, 69% of the U.K. population aren’t sure where to go for an accessible and simple-to-use investing product, while 60% of adults say they’d be inclined to invest if the minimum investment amount is low. Meanwhile, 24% of U.K. adults who invest admitted to “winging it.”

The figures are based on a sample of 2,035 adults in Britain. Fieldwork for the research was undertaken between July 27 and July 28.

YouGov research commissioned by Monzo shows that 69% of Brits don’t know where to turn when it comes to investing.

Monzo

The feature shows users educational content on the nature of investing.

Monzo

Monzo said it would charge a flat 0.59% fee on customers’ investments each month, which comprises a 0.14% fund fee and a 0.45% platform fee to provide the service. For a customer with £1,000 ($1,250) invested with Monzo, that would translate to roughly 48 pence a month in fees they’d have to pay.

First mover?

Executives at Monzo said during a briefing with CNBC last week that they wanted to launch a product that gives people the ability to invest within an ecosystem of financial services including budgeting, spending, transferring money, and borrowing.

Monzo sees itself as more of a “financial control center” where banking customers go to manage their financial lives, as opposed to a “super app” that offers lots of different services adjacent to banking and financial services.

One of the company’s biggest competitors, Revolut, has frequently touted its aim to become a financial super app encompassing banking, trading, insurance, travel and other services.

Monzo is something of a first mover among licensed neobanks in the U.K. when it comes to offering investments. Competitors like Starling Bank and Zopa don’t yet offer investing features. 

Still, several fintech platforms, including Revolut and Freetrade, already offer users the ability to trade stocks. Wise also offers an investment management service.

When asked whether Monzo was late to the party, Anil said: “I don’t think we’re late at all.”

“You could argue we were 500 years late to banking,” he added. “As the country has navigated through a cost of living crisis in the last 24 months, we’ve heard from our customers that now more than ever people want to make good long-term decisions with their money, so the product is well timed from that perspective.”

Gautam Pillai, head of fintech research at the investment bank Peel Hunt, said Monzo’s new investments feature could increase customer “stickiness.”

“The opportunity that Monzo has is going after the greenfield opportunity. They don’t need to worry about the brownfield. They don’t really need it,” Pillai told CNBC.

Monzo is one of many British fintechs on investors’ radar as a potential candidate for an initial public offering in the year ahead.

Anil said the company sees an IPO as another milestone on is journey as a business rather than a target in the near term, adding that the company has no immediate plans for a public listing.

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