Currency UK now offer Open Banking standard API integration

16th April 2019 Off By binary

What is an API?

The use of Application Programming Interfaces (APIs) has created many opportunities for innovation in the financial industries. It enables the circulation of information between applications provided by payment services, banks, and industries that use technology to improve the world of finance (FinTech).

APIs have made significant contributions within the payment services. They allow payment services to access bank accounts, provide customer verification and accumulate data, making it easier to analyse information and open new accounts quickly, securely and simply. All this results in making customers’ lives simpler.

APIs at Currency UK

Currency UK is proud to offer Open Banking standard API integration. Through Open Banking, we aim to provide innovative solutions for our customers. Our API integration allows you to initiate payments and collect your account information across platforms.

Our API integration can be used in the following ways:

  • As a means of payment – pay for our services by initiating a payment directly from your bank

  • To aid treasury management decisions – view all of your financial accounts in one place and overlay your foreign exchange hedging strategy

Security is paramount to us, and with our new API integration, it’s now easier than ever to access and share your information while staying protected and in control.

  • You’ll never have to share usernames and passwords with third parties

  • You can choose what information particular apps or websites have access to, and you can take away that access at anytime

  • We’re regulated by the FCA, meaning your data is always secure and handled under the strictest conditions

For more information, don’t hesitate to get in touch with us at 020 7738 0777 or email us at support@currencyuk.co.uk.

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