11.02.2025
Open Banking

Optimise Your Financial Workflows 7

article-imagearticle-icon
author-image
Eliosa Mae, Content Writer
01.04.2025

Accept Online Payments with Noda

Add 2000+ banks for instant Payins & Payouts and scale globally with ease!

Modern financial operations require more than basic payment processing. A Bank Transaction API (Application Programming Interface) not only facilitates core payment functions but also turns transaction data into valuable business insights. It offers real-time financial visibility, supports intelligent automation and empowers data-driven decision-making.

Today, most bank transaction APIs leverage open banking, a system that allows businesses to access bank financial data securely with user consent. By connecting banking systems and authorised third-party applications, open banking APIs have redefined how data is shared, prioritising security, compliance, and user control.