Banking APIs
Banking APIs are application programming interfaces that allow third-party developers to securely access financial data and services from banks and financial institutions. They enable the integration of banking functionalities, such as account information, payments, and transactions, into external applications like fintech apps, accounting software, or personal finance tools. These APIs often adhere to standards like Open Banking to ensure interoperability and security.
Developers should learn Banking APIs when building fintech applications, financial management tools, or services that require real-time access to banking data, such as budgeting apps, payment gateways, or automated investment platforms. They are essential for enabling features like account aggregation, direct payments, and transaction analysis, helping businesses innovate in the financial sector while complying with regulations like PSD2 in Europe or similar frameworks globally.