Nice to Know You: What’s Banking API and Who Needs It?

[kreslik.news]

Every serious progress requires changes. While institutional and retail forex brokerages, startups, fintech companies and a number of other financial entities know that fact very well, the traditional banks have maintained a very conservative attitude towards changes in recent years.

Banks at this point have access to the largest amount of financial data, but on the other hand they play the role of the most tightly closed institutions in the whole industry. Access to customers’ banking data is highly desirable for a number of organizations and software developers. And in most cases by the customer himself. This explains, in a simple way, why the ... (read more)