API Banking for Business Accounts

Solution for Banks & App Platforms providing access to robust APIs for Balance Check, Statement, Request to Pay & Request to Open Account powered with seamless integration capabilities.

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Key Features

Tailored for BFIs

Designed specifically considering the fundamental needs of BFIs.

Comprehensive API Banking

Offers a wide range of APIs for seamless integration of essential banking functions.

Seamless Integration

Integrates effortlessly with existing systems like Finacle and others for smooth digital transformation.

No-code Customization

Allows customization like defining accounting rules, tariffs and controls with no-code experience.

Platform Registration

Easy and compliance friendly platform (Tally, Swastik, Sap, etc) registration.

Seamless Integration

Enables banks to automate key processes for increased efficiency.

Built-in Tariff Engine

Built-in Tariff Engine defining pricing structures, interest, commissions and rebates.

Multi-Asset & Multi-Currency

Supports Multi-asset, Multi-currency Model.

Account Hierarchy

Offers a hierarchical chart of accounts, offering a structured view of your financial data.

Secure & Compliant

Employs advanced encryption and authentication protocols to protect sensitive data, ensuring a secure banking environment.

High Scale Performance

High transaction processing capacity with up to 1500 transactions handled per second per ledger account.

Logs & Reporting

Produces “Accounting Events” (ledger posting) that can be consumed by downstream apps.

Key Use Cases

Seamless Integration with Third-party Applications
Automated Fund Transfers
Real Time Account Management
Real Time Web Hook Notification
Seamless Integration with Third-party Applications

Enable corporate clients to connect their ERP systems like Tally, Swastik, or RIGO with the bank's APIs for real-time financial data exchange, such as Balance Checks, Account Statements, Fund Transfers and Automated Reconciliations.

Automated Fund Transfers

Facilitate secure and instant fund transfers through APIs for Request to Pay and Direct Debit transactions, empowering businesses to manage payments efficiently.

Real-time Account Management

Allow customers to integrate RAPID into their systems to view real-time account balances, transaction histories, and detailed statements without manual intervention.

Real Time Web Hook Notification

Enable event-driven alerts such as low balance, fund transfer status, or specific transactions, ensuring proactive decision-making for clients and internal teams.

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Benefits

For Banks
For Platforms

  • New Revenue Streams

  • Better Customer Service

  • Fewer Branch Visits

  • Quicker Launch of New Services / Offers

  • New Account Addition

  • Generating More Float Income

Explore Other Benefits

  • Real Time Financial Operations

  • Automation & Efficiency

  • Seamless ERP Intregration

  • Quicker Launch of New Services / Offers

  • Better Control & Visibility

  • Cost Savings

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Flow of the Process

Flow of the Process

Our API banking solution is designed to simplify and secure how businesses manage their financial transactions through connected platforms. This end-to-end process creates a controlled, efficient, and secure ecosystem where businesses can automate financial workflows while maintaining accountability and trust.

Tech Stack / Configuration

Supporting diverse financial services—such as Account Opening, Balance/Statement Checks, Direct Debits, Transaction Web-hooks, and Request-to-Pay (R2P)—our system seamlessly integrates third-party applications into the workflow. The result is a cohesive and secure environment that bridges banking systems with business applications, enhancing operational efficiency and enabling real-time financial management.

Security

Solution Installed In-Premises of the Bank

2FA and Tokenization for access control

End to End data encryption at Rest and in motion

Bank in full control to add/remove Apps & their permissions

Explore the new era of Smarter Banking API solution

Whether you're a Bank or App platform, our API banking solution is designed to meet your needs. Start today by scheduling a demo.

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