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About the Course
What is API banking? API banking referred to as open banking, involves banks and financial institutions securely releasing data and tendering services through Application Programming Interfaces (APIs). The API full form in banking is Application Programming Interface, a set of rules and protocols that enables different software applications to communicate and exchange data.
Amity Institute of Training and Development (AITD) offers a course on API Banking. It covers how API Banking works, its advantages, and its role in finance. The program focuses on the technical and operational sides of API banking.
It also looks at how banks and fintech companies work together through open API banking. You'll learn about the banking API providers and the financial services they offer. This includes payment and account management.
The course also gives an overview of NPCI API integration. This is what powers payment systems at UPI and IMPS in India.
Why This Training
Learn - Practice - Reflect - Share - Grow
Industry-Relevant Skills – Gain expertise tailored to real-world industry needs.
Expert-Led Training – Learn from top professionals and subject matter experts.
Career Advancement – Boost your career prospects with in-demand knowledge.
Practical Learning Approach – Hands-on training with real-case applications.
Flexible Learning Options – Online, offline, and hybrid formats available.
Global Recognition – Certification from a trusted and reputed institution.
Industry-Relevant Skills – Gain expertise tailored to real-world industry needs.
Expert-Led Training – Learn from top professionals and subject matter experts.
Career Advancement – Boost your career prospects with in-demand knowledge.
Practical Learning Approach – Hands-on training with real-case applications.
Flexible Learning Options – Online, offline, and hybrid formats available.
Global Recognition – Certification from a trusted and reputed institution.
Our Training Methodologies
Our experiential training methodology is based on systematic, theoretical analysis of the methods applied to the course content. Our methodologies include:
Course Objectives
For those taking the API Banking Program at AITD, the participants will:
- Increase understanding about the full form of API in banking and its meaning in present-day banking.
- Be aware of how the API in banking enables third-party developers to access services in real-time while at the same time giving them secure services across various banks.
- Find out how open banking APIs enable banks to work together with fintech firms to create new financial innovations and products.
- Get insight into how the process of integrating the NPCI API takes place and how it can power a vast scale of digital payments across India.
- Analyze why API banking heralds a basic evolution in the way banks conduct business, providing seamless services and enhancing customer experience.
Course Details
The API Banking Program gives an indepth view into APIs and how they're changing banking. The participants will get a grasp of the technical aspect of how to connect an API and the operation benefits which can be achieved by adopting API solutions.
Major areas of coverage include:
- Open API banking India: Which innovations in the Indian financial sector are brought forth by open banking through collaborating banks and fintech companies under the concept of open API banking.
- Banking API providers: Identify the prominent banking API providers that offer solutions based on API and what their platforms do to facilitate integration of financial services of banks.
- Integration of API in the bank account: Know how the APIs make the customer's account accessible seamlessly for smooth real-time transactions as well as checking and transferring the balance.
- API integration with NPCI: A Glimpse into the Technology that backs the payment systems of India through UPI and IMPS and more, pointing to the role of APIs in payments.
What You'll Learn?
- Know what is an API in a banking context and how it has transformed the banking services of today
- Know the basics of the concept of API banking meaning that tells the way of real-time access of all the finance data and services.
- Open API banking and how it enables banks to partner with fintech firms to develop innovative financial solutions.
- Banking API providers and how they facilitate API integration for banks.
- How to integrate NPCI API and power the Indian payment infrastructure.
- API matters in banking: Faster, secure, and innovative customer experience.
Benefits of the Program
This API banking program will consist of different key benefits that vary from improved efficiency, enhanced customer experience, and so on.
- Improved Efficiency: This refers to how API banking allows faster and even more streamlined ways of service mainly due to integration with third-party applications into banking systems.
- Enhanced Customer Experience: This is also one of the key advantages provided by real-time services offered by banks through integration of an API bank account; for example, checking of balance and instant transfers that improve customer experience considerably.
- Innovation: Through open API banking, participants will learn how banks and fintech can work together to build advanced financial products.
- Secure and Scalable Solutions: Through the program, the participants learn about the processes of banking API providers who ensure secure and scalable API solutions comply with the requirements of the regulatory environment of the financial industry.
- Seamless Payment Integration: Participants will have a deep understanding of how the NPCI API is integrated, which enables them to tap into India's leading payments systems, including UPI .
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Frequently Asked Question
Get answers to commonly asked questions about Amity.
What is API banking and why is it important?
API banking is the ability of the bank to exchange its system with the third-party service provider through APIs. This facilitates seamless integration of financial services including but not limited to payments and account access.
What is the meaning of API in banking?
API means "Application Programming Interface." API Full Form in Banking helps different software systems to communicate securely and share data with each other.
How does open API banking work?
In open API banking, it permits banks to open their APIs for third-party developers authorized to work with them. This gives the ability to build new financial products and services by integration with the bank's system.
Why is NPCI API integration important in India?
It is fuelling innovative digital payment solutions such as UPI and IMPS and allowing instant payment gateway services directly to the customers of banks across India.