Application Programming Interface (API) is a special protocol that allows one program to interact with another. Using it, developers can expand the functionality of their product and synchronize with other applications.
"In our case, technically, this is implemented by integrating the client's software with the bank's open databases. In fact, the company takes a ready-made code and integrates it into its own to directly use banking services," explained the Khlynov Bank specialist, describing the principle of operation of the open API.
With the help of banking APIs, it is easy to automate some important financial business processes of the company and reduce the number of manual and routine operations. In particular, businesses have the opportunity to synchronize the functionality of interaction with the bank with their accounting, CRM, and ERP systems. For example, you can make the account status displayed in real-time in the 1C program or configure the software to automatically create a payment order when certain conditions occur. With proper configuration, the company will be able to completely eliminate the need to fill out paper documents or manually enter data into the Internet Bank interface.
Speaking about the advantages of the banking API, Nadezhda Loskutova noted the convenience of using the tool.
"The key advantage of our service is that all actions performed using the open API are immediately displayed in the mobile application and Internet Bank. Thanks to this, you can directly monitor all operations and processes online," she said.
It should be noted that requests and data within the API are transmitted over a closed protocol, ensuring the confidentiality of information and its complete protection against unauthorized access. In addition, only legal entities can access the tool, which further increases the overall level of security.
Information reference
Khlynov Bank was founded in 1990 and today its services are used by 202,507 clients. It is among the TOP-10 banks in the Volga Federal District (VFD). The bank is represented in 7 regions of the VFD: in the Kirov, Ulyanovsk, and Penza regions, the Republics of Mari El, Chuvashia, Mordovia, Udmurtia and offers a full range of banking services for both individuals and legal entities.
Bank rating level ruBBB+