Enhancing Financial Services: Leveraging Third-party APIs forFinTech Innovation

Abstract

The study examines how third-party APIs have changed banking technology and how banks run their businesses. Fintech has changed over time as customers' needs have changed, showing how important third-party APIs are for fostering new ideas. The study is mostly about how these APIs can be used, like making payment systems better, giving real-time market info, and showing how to work together well, like IG.com and TradingView did. According to the study, APIs have improved regarding how customers feel and how efficiently things are run. The study also discusses how third-party APIs are important for the fintech business to improve and build banking services and the risks that might happen while integrating API into the fintech industry.