First, let’s break down what API banking really means. APIs or, application programming interfaces, are tools that enable software’s to communicate and preform a series of tasks. Now you might be asking yourself, how does this information help me as a business owner? Over the past couple of years, the introduction of APIs to the banking industry have greatly improved the way businesses manage their online banking experience. As a leading, online digital bank, Radius Bank now has the capability for business clients to integrate their API Checking account into their own platform or apps as a way to facilitate banking and payment transactions and drive growth.
To break it down even further, here are 3 reasons why you should consider API banking for your business.
With traditional business banking relationships, you might find yourself having to log on and off of bank websites and bank payment systems to help you manage your business’ money. The Radius API Checking account allows commercial clients to manage their banking from within their own operating system by using APIs to send and receive payments and manage cash, rather than having to log into a separate bank-powered online banking system.
2. Real-time banking
If your goal is to run a technologically advanced business, you’re going to want to be able to have a bank partner who can move at your speed. With API banking, Radius is able to provide commercial clients with real-time capabilities, giving you and your business visibility into your balances, cash flow and cash position and the ability to generate payments quickly. Because the payment data is taken directly from the system you use to manage your business, there will be room for less errors.
3. Drive innovation
As a business owner, you need to be able to focus on how to build and scale your business, not on your banking. With API enabled banking you have more time and tools to help you innovate and develop new products, unique customer experiences and drive incremental revenue – all at the speed of you!
Ready to experience the future of API powered banking? Radius offers a sandbox testing environment, powered by our long-term fintech partner, Treasury Prime. The developer sandbox is the perfect opportunity for your business to understand how Radius’ APIs will perform in a live production environment. Visit https://radiusbank.com/business/api/ and select the Register Now button to set up your sandbox keys and gain access to your test checking accounts or email us at API@RadiusBank.com for more information.