An API in banking and fintech allow an app developed by a fintech company to communicate with a bank´s server and then use that information to provide financial services to customers. This could include "apps designed to help people create budgets to robo-advisors, and from payment processing programs to block chain technology."
Fintechs use APIs to process payments, for peer to peer programs, investment management, white labeling, and regulation.
Open API is considered one of the most significant trends in the fintech industry.
While there is a reasonable amount of data available in the public domain, a lot of it has been generated by software development companies meaning there is a slight bias to it. What this means is it takes some time to evaluate the information and ensure only relevant, unbiased information is considered.
Only the project owner can select the next research path.