What are Banking API Aggregators?
Banking API aggregators provide unified access to multiple banks and financial institutions through a single integration. These services enable developers to connect to hundreds of banks across different countries without building individual integrations for each institution.
Key Features of API Aggregators
- Multi-bank connectivity through single API integration
- PSD2 and Open Banking compliance
- Account Information Service (AIS) capabilities
- Payment Initiation Service (PIS) support
- Standardized data formats across institutions
- Developer-friendly documentation and SDKs
Use Cases for Banking Data Aggregation
API aggregators power various fintech applications including personal finance management tools, lending platforms, accounting software, investment apps, and payment services. They enable real-time access to transaction data, account balances, and payment initiation capabilities.