API Banking refers to a system where financial institutions expose their services and data capabilities to third-party developers via Application Programming Interfaces (APIs). Within crypto, this enables seamless integration of traditional financial operations with decentralized applications, exchanges, or institutional trading platforms. It provides programmatic access to core banking functions.
Mechanism
The mechanism involves standardized communication protocols, typically RESTful APIs, allowing external systems to send requests and receive structured data from banking infrastructure. Authentication and authorization protocols, such as OAuth 2.0, secure data exchange, while data serialization formats like JSON ensure interoperability. This architecture supports real-time transaction processing and account information retrieval.
Methodology
The methodology centers on creating an open yet secure financial ecosystem, allowing for the rapid development of innovative crypto-financial products and services. It supports aggregation of banking data, automated payment rails for on/off-ramps, and streamlined treasury operations for crypto institutions. This approach accelerates service delivery and expands functional capabilities by leveraging external developer communities.
Real-time liquidity monitoring transforms corporate treasury from a reactive reporting function into a proactive, strategic hub for capital optimization and risk control.
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