API Banking in India Now that you know what Application Programming Interface is and how bank APIs work, let us have a look at the state of API banking in India. It was in Aug 2016 that Competition and Markets Authority (CMA) in the UK asked several top banks such as Barclays, Santande...
How does open banking work? Open banking enables interoperable financial services through the use of APIs. These APIs facilitate the secure exchange of financial information between banks and authorized third-party providers. Unlike traditional banking services, which often operate within a closed environm...
What you can do in our app TheM&S Banking Appallows you to manage your accounts on the go, whether you need to pay your M&S Credit Card, check your balances or statements or simply just need a reminder of your PIN. These can all be done by quickly signing in to your account with yo...
interbank transfers can be initiated via multiple channels such as SMS, ATM, mobile banking, NetBanking, etc. The primary advantage of IMPS over RTGS and NEFT is
How does an API work? Let’s try to understand how APIs work through a (delicious) real-world implementation. Once upon a time, you finished savouring a cheezy hot pizza delivered to your home on a freezing winter evening, still cuddled in your bed, streaming your favourite show. The pe...
Benefits of Mobile Banking Application Development Must-Have Features Advanced Features 5 Steps to Building a Mobile Banking App Step 1: Build and verify a prototype Step 2: Lay the groundwork for security Step 3: Execute a.k.a code the app ...
What is an invoice, and how does invoicing work? An invoice is a document that itemizes and records a transaction between a business and a customer. It serves as a request for payment, detailing how much the customer owes and the payment terms. An invoice also acts as a tax document—bu...
How does payment via bank transfer work? In general, the process is quite simple. However, it’s worth noting that the process may differ from country to country, and particularly so when the two bank accounts involved in a transfer are located in different countries. ...
How Does SSL Pinning Work? When you connect to a secured website, your browser checks the site’s SSL certificate against a list of trusted CAs. If the certificate is valid, the connection proceeds. SSL pinning further secures this process. ...
What role does SSO play in a security posture? You can accomplish SSO through different technologies. A more secure approach is an implementation where users don’t know the credential of each service they consume, but rather only the master. Since users don’t know each credential, there’s...