Financial APIs
Financial APIs are application programming interfaces that provide programmatic access to financial data, services, and functionality, such as banking transactions, stock market data, payment processing, and investment management. They enable developers to integrate financial capabilities into applications without building complex backend systems from scratch. These APIs are commonly used by fintech companies, financial institutions, and businesses needing to handle money-related operations.
Developers should learn Financial APIs when building applications that require financial data integration, payment processing, or banking services, such as personal finance apps, e-commerce platforms, or investment tools. They are essential for automating financial workflows, ensuring regulatory compliance (e.g., with PSD2 or Open Banking standards), and enhancing user experiences by providing real-time access to account information and transaction capabilities.