Bank APIs# Bank API
## About Banking APIs
A bank API links consumers' information in a bank's database to different third-party applications and programs, forming a network that fosters the buying of products and services and results in payments.
## What is a Bank API?
APIs (Application Programming Interfaces) allow the safe transfer of data between an application and database on two separate servers.
Owners of financial institutions, private clients, and businesses benefit from the connectivity that an open bank API provides by reducing costs, optimizing services, and increasing revenue.
## How do banking APIs work?
A bank API creates a secure link between customers and the bank's database. They also secure the transfer of all sensitive data.
## Who uses financial APIs?
Banking customers use banking APIs all of the time, whether they realize it or not. The APIs allow consumers to save time on transactions, as people can now accomplish most of the banking they can do by physically visiting their local branch from anywhere on their smart devices.
Banks benefit as well; recent estimates show there can be as much as a 20 percent increase in revenue when APIs are utilized to offer convenience to their customers.
## Why are APIs from banks important?
We live in a digital world that fosters immediate satisfaction. Banks that offer applications using APIs guarantee their customers enjoy this convenience, ensuring the bank does not stagnate and enjoys future growth.
## What can you expect from a Bank API?
Banking APIs and their applications connect to offer mobile banking, saving and investment tools, payment processing, fraud mitigation, and more. Real-time and same-day banking is the norm. Because of the sensitive nature of the data being transferred, banking APIs should use the most current and robust security measures to foster trust.
Besides the above, many banking-related APIs do not fall into the category of connecting sensitive information. For instance, many finance APIs offer investors up-to-the-minute stock market data. Others may provide information on stock market news and options or mutual funds updates. Still, others offer global finance monetary exchange rates.
The banking market is vast, and aspiring developers are sure to find the exact API they require for their particular application.
## Are there examples of free Banking APIs?
1. [Alpha Vantage](https://rapidapi.com/alphavantage/api/alpha-vantage/)
2. [ADSBexchange.com](https://rapidapi.com/adsbx/api/adsbexchange-com1/)
3. [Yahoo Finance](https://rapidapi.com/apidojo/api/yahoo-finance1/)
4. [Yahoo Finance Low Latency](https://rapidapi.com/finance.yahoo.api/api/yahoo-finance-low-latency/)
5. [Yahoo Finance](https://rapidapi.com/sparior/api/yahoo-finance15/)
6. [Twelve Data](https://rapidapi.com/twelvedata/api/twelve-data1/)
7. [Fidelity Investments](https://rapidapi.com/apidojo/api/fidelity-investments/)
8. [World Bank GDP](https://rapidapi.com/mazalgara/api/world-bank-gdp/)
9. [Worldbank](https://rapidapi.com/community/api/worldbank/)
## Bank API SDKs
All Bank APIs are supported and made available in [multiple developer programming languages and SDKs](https://docs.rapidapi.com/v2.0/docs/getting-started-with-rapidapi-sdks) including:
1. Node.js
2. PHP
3. Python
4. Ruby
5. Objective-C
6. Java (Android)
7. C# (.NET)
8. cURL
Just select your preference from any API endpoints page.
[Sign up today for free on RapidAPI](https://rapidapi.com/auth/sign-up) to begin using Bank APIs!
The World Bank Group has set two goals for the world to achieve by 2030:
End extreme poverty by decreasing the percentage of people living on less than $1.25 a day to no more than 3%
Promote shared prosperity by fostering the income growth of the bottom 40% for every country
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Established in 1944, the World Bank Group is headquartered in Washington, D.C. We have more than 10,000 employees in more than 120 offices worldwide.
The simplest and most effective way to receive stock, ETF, forex, technical indicators, and cryptocurrency data. Constantly ranked as a leading API provider for ease of use, accuracy, and price. [See the documentation](https://www.alphavantage.co/documentation/) and [read more](https://medium.com/@patrick.collins_58673/stock-api-landscape-5c6e054ee631) on the market data industry. [Start now for free](https://www.alphavantage.co/support/#api-key).
This API reproduces live PUBLIC data and features of YH. The response data is always live and synced with the site at request time. You are going to get almost everything that you see PUBLICLY on the site.
Financial data provided for developers, to enter the world markets. Instant access for real-time and historical data of stocks, forex, crypto, ETFs, indices, and more. Read more in [documentation](https://twelvedata.com/docs) and start [here](https://twelvedata.com/apikey).