What Is An API In Banking? In banking terms, an API (Application Programming Interface) refers to a set of protocols and tools for building software and applications. It acts as a bridge between ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. By integrating the two platforms, banks can couple real-time banking ...

Promsvyazbank and Tochka, a Fintech-focused service for SMEs, reportedly began using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA). They’ve passed the ...

API standardization in Open Banking can be likened to forging a universal financial lexicon. By adopting a standardized protocol, diverse financial systems can harmonize their operations, giving birth ...