APIs

Objectives On completion of this tutorial, you will be able to: Explain what an API is List the four main types of API, namely public, private, partner, and composite Recognize how APIs are extending the range of companies that can provide financial services Describe embedded payments and Banking-as-a-Service (BaaS) Tutorial Overview An API is a set of rules that lets software applications communicate with each other. APIs enable a secure and streamlined exchange of data and play a huge role in the digital economy and in our daily lives. This tutorial provides a high-level overview of APIs and the ways in which they are changing the face of traditional banking. Prerequisite Knowledge None Tutorial Level: Introductory Tutorial Duration: 25 minutes