How are APIs used in the finance industry?
APIs are considered to have the capacity to completely reshape the future of the financial services industry by enabling partnerships between banks, fintech firms and other financial services providers, such as accountants or consultants. This is hoped to usher in a new age of ‘open banking’ via an ecosystem of interconnected APIs.
The possibilities of APIs are truly limitless as they can be used to amalgamate the capabilities of any existing applications such as digital wallets, blockchain or data analytics. The API pulls information from these different channels depending on its purpose and displays everything in one holistic user-friendly interface.
APIs are versatile in nature and can therefore be used for a wide array of tasks. We have specifically engineered our API to streamline bulk payments and global payments for our valued clients. Find out more about our API below.