API Banking
API banking has proven to be an innovative technology within the financial industry since it offers banks services that can easily be integrated into third-party applications. Since the integration of API in banking, banks can now grant real-time access to their services, such as payment, account handling, and financial products, through exchanging information among various software systems in a safe manner. Understanding the full form of API in banking is very important for any stakeholder in modern banking. This would significantly affect how banks develop their services and connect with customers and fintech companies. Adopting an open banking API India enables financial institutions to collaborate with technology providers to extend better banking solutions to customers, encouraging innovation and efficiency.
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About the Course
Amity Institute of Training and Development’s (AITD) API Banking Programme gives an overview of how the API Banking system operates, its benefits, and how it applies within the finance sector. Aspects of this program relate to technical and operational features of the concept of API banking with special focus on how banks and fintech companies may collaborate through open API banking.
They will also see who the banking API providers are, and what the various financial services like payment and account management on board through them. The course brief also mentions the overview of NPCI API integration that powers the payment systems at UPI and IMPS in India.
Why Invest in this Course
Learn - Practice - Reflect - Share - Grow
Blended mode - online component & classroom practice
Certificate from the prestigious TISS university
Interaction with the course team through webinars
Online discussion forums
Access to the course via TISSx app on mobile
Develop authentic & contemporary pedagogy for rich learning
Blended mode - online component & classroom practice
Certificate from the prestigious TISS university
Interaction with the course team through webinars
Online discussion forums
Access to the course via TISSx app on mobile
Develop authentic & contemporary pedagogy for rich learning
Our Training Methodologies
Our experiential training methodology is based on systematic, theoretical analysis of the methods applied to the course content. Our methodologies include:
Course Objectives
For those taking the API Banking Program at AITD, the participants will:
- Increase understanding about the full form of API in banking and its meaning in present-day banking.
- Be aware of how the API in banking enables third-party developers to access services in real-time while at the same time giving them secure services across various banks.
- Find out how open banking APIs enable banks to work together with fintech firms to create new financial innovations and products.
- Get insight into how the process of integrating the NPCI API takes place and how it can power a vast scale of digital payments across India.
- Analyze why API banking heralds a basic evolution in the way banks conduct business, providing seamless services and enhancing customer experience.
Course Details
The API Banking Program gives an indepth view into APIs and how they're changing banking. The participants will get a grasp of the technical aspect of how to connect an API and the operation benefits which can be achieved by adopting API solutions.
Major areas of coverage include:
- Open API banking India: Which innovations in the Indian financial sector are brought forth by open banking through collaborating banks and fintech companies under the concept of open API banking.
- Banking API providers: Identify the prominent banking API providers that offer solutions based on API and what their platforms do to facilitate integration of financial services of banks.
- Integration of API in the bank account: Know how the APIs make the customer's account accessible seamlessly for smooth real-time transactions as well as checking and transferring the balance.
- API integration with NPCI: A Glimpse into the Technology that backs the payment systems of India through UPI and IMPS and more, pointing to the role of APIs in payments.
What You'll Learn?
- Know what is an API in a banking context and how it has transformed the banking services of today
- Know the basics of the concept of API banking meaning that tells the way of real-time access of all the finance data and services.
- Open API banking and how it enables banks to partner with fintech firms to develop innovative financial solutions.
- Banking API providers and how they facilitate API integration for banks.
- How to integrate NPCI API and power the Indian payment infrastructure.
- API matters in banking: Faster, secure, and innovative customer experience.
Benefits of the Program
This API banking program will consist of different key benefits that vary from improved efficiency, enhanced customer experience, and so on.
- Improved Efficiency: This refers to how API banking allows faster and even more streamlined ways of service mainly due to integration with third-party applications into banking systems.
- Enhanced Customer Experience: This is also one of the key advantages provided by real-time services offered by banks through integration of an API bank account; for example, checking of balance and instant transfers that improve customer experience considerably.
- Innovation: Through open API banking, participants will learn how banks and fintech can work together to build advanced financial products.
- Secure and Scalable Solutions: Through the program, the participants learn about the processes of banking API providers who ensure secure and scalable API solutions comply with the requirements of the regulatory environment of the financial industry.
- Seamless Payment Integration: Participants will have a deep understanding of how the NPCI API is integrated, which enables them to tap into India's leading payments systems, including UPI .
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Course Faculty
Ms. Bindu Thirumalai
Assistant Professor, Centre of Excellence in Teacher Education, TISS
Ms. Bindu Thirumalai has over 18 years of experience working in the development, academic and corporate sectors, including research and programme implementation in mathematics, technology, and teacher education, as well as software development. Her role in CLIx includes strategic coordination of the overall curriculum development effort. She is also an active contributor to curriculum development and research in the areas of Mathematics and i2C.
Ms. Bindu Thirumalai
Assistant Professor, Centre of Excellence in Teacher Education, TISS
Ms. Bindu Thirumalai has over 18 years of experience working in the development, academic and corporate sectors, including research and programme implementation in mathematics, technology, and teacher education, as well as software development. Her role in CLIx includes strategic coordination of the overall curriculum development effort. She is also an active contributor to curriculum development and research in the areas of Mathematics and i2C.
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Frequently Asked Question
Get answers to commonly asked questions about Amity.
What is API banking and why is it important?
API banking is the ability of the bank to exchange its system with the third-party service provider through APIs. This facilitates seamless integration of financial services including but not limited to payments and account access.
What is the meaning of API in banking?
API means "Application Programming Interface." API Full Form in Banking helps different software systems to communicate securely and share data with each other.
How does open API banking work?
In open API banking, it permits banks to open their APIs for third-party developers authorized to work with them. This gives the ability to build new financial products and services by integration with the bank's system.
Why is NPCI API integration important in India?
It is fuelling innovative digital payment solutions such as UPI and IMPS and allowing instant payment gateway services directly to the customers of banks across India.