How Does the Fintech and Banking Sector Use APIs for A Better Outcome!

What is API in Banking?

The banking APIs are the set of protocols that tell the banking companies how to interact among themselves to make the process easy.

What is API in Fintech?

An API in Fintech is a program that’s used to interact with a financial institution’s server.  They allow the fintech and financial services to interact with each other.

How APIs Benefit Fintech and Banking Sector – A Study!

1. Improves The Overall Cost 2. Encourages Sharing Of Data For Better User Experience 3. APIs, All Time Need For A Bank