Financial API
What is Financial API?
A financial API is a set of protocols and tools that allow different financial software applications to communicate and share data with each other. These APIs enable services like payment initiation, account aggregation, and real-time balance checks across different platforms.
Why It Matters
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It allows for the creation of seamless and integrated financial experiences for users.
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It enables fintech companies to build on top of existing banking infrastructure securely.
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It facilitates the rapid exchange of data required for modern, real-time financial services.
