What is API banking?

API (Application Programming Interface) traditionally pertains to the tech interface between software programs. This interfacing ability facilitates a third-party application like RazorpayX, to synchronise and connect to a bank’s tools and services.

How API banking works

Over the last few years, APIs have become particularly significant to banks and fintech bodies. APIs provide better means to share data, integrate with systems, and personalise services, making financial services quick and efficient.

Benefits of API banking

With API banking, innovators have more flexibility to provide the best features and services to streamline financial services, thereby creating a surge of competition and innovation in fintech products. This has created somewhat of a revolution in business banking.

• With real-time capabilities, get enhanced visibility of cash flow, cash position, and more, across currencies
• Reduce administrative hurdles with regard to managing your finances like applying for a business loan, checking your creditworthiness, and more
• With real-time capabilities, get enhanced visibility of cash flow, cash position, and more
• Have a single view of all your finances while being able to control, track, and analyse all financial movements, all in one place

Qrologic API banking

ith Qrologic, businesses can manage their entire financial operations and make timely payouts using our sleek dashboard or robust API.