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Standardized Banking APIs and the Internet of Payments September 2016Introductions IF Forum, Rich Urban, President IF Forum is focused on serving the needs of the financial services industry, providing
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Standardized banking APIs refer to a set of standardized protocols and interfaces that allow different financial institutions to communicate and share data with each other.
Financial institutions such as banks, credit unions, and other regulated entities are required to file standardized banking APIs.
To fill out standardized banking APIs, financial institutions must follow the guidelines and specifications provided by regulatory authorities.
The purpose of standardized banking APIs is to improve data sharing, enhance interoperability between financial institutions, and increase innovation in the banking industry.
Standardized banking APIs may require reporting on various financial transactions, customer data, account balances, and other relevant information.
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