Account Aggregator API - finbox API

Overview

• The Account Aggregator API by finbox is a tool designed for linking and fetching user's bank account statements.
• It simplifies the process of financial information sharing.
• The API redefines user experience by making account aggregation smooth and easy.

Major Customers Using It

• Major customers include various companies in the FinTech sector.
• E-commerce companies also use this API for seamless account aggregation.

Source: https://www.finbox.in/our-clients

Features & Integrations

• Seamless linking of bank accounts.
• Fetches users' bank account statements via net banking credentials, account aggregators, or manual upload.
• Simplifies financial information sharing.
• Redefines user experience with an easy-to-use interface.

Use Cases

• The API can be used by FinTech companies for simplifying account aggregation.
• E-commerce platforms can use it to streamline their financial transactions.
• It can be used in any sector where financial information sharing is required.

Advantages

• Easy and seamless account aggregation.
• Redefines user experience.
• High scalability and flexibility.
• Adherence to security features and compliance standards.
• Community-driven enhancements contribute to the API's continuous improvement.

Company Information

• The API is provided by finbox, a company known for its innovative solutions in the FinTech industry.
• The company has received recognition for its contribution towards simplifying financial information sharing.

Year Company Founded

• The company was founded in the year 2017.

Social Profile Links

Linkedin: Finbox Linkedin

FAQ

• What is the Account Aggregator API by FinBox?
  It is a seamless and secure API that enables linking of user bank accounts and fetching bank account statements. It simplifies financial data sharing while enhancing user experience.

• How does the API work?
  The API enables financial data retrieval through Account Aggregator (AA) framework, net banking credentials, and manual uploads. This ensures flexibility in how users can link and share their banking data.

• Who are the major customers using it?
  Leading FinTech companies and e-commerce platforms integrating financial services.

• What are the core features of this API?
  Bank account linking via AA or credentials, fetching bank statements in real-time, smooth UI and customer experience, and secure and compliant with Indian data regulations.

• What are the common use cases?
  Lending platforms verifying bank history for underwriting, e-commerce platforms offering BNPL or wallet services, wealth management and budgeting apps, and any system that requires access to verified financial data.

• Does FinBox offer developer support?
  Yes. FinBox provides a community forum for developers, dedicated support for API issues and onboarding, and step-by-step integration guides and code snippets.

• What are the advantages of this API?
  Seamless and intuitive bank linking process, high scalability and platform flexibility, strong focus on UX and data privacy, community contributions driving product enhancements, and regulatory compliance and security best practices.

• How secure is the Account Aggregator API?
  The API is built with end-to-end encryption, strong authentication, and is compliant with India's AA framework and data security laws.