A guide to using bank feed APIs

Bank feed APIs play a crucial role in supporting FinServ companies and their customers by providing access to data from specific bank accounts, including account balances, names, currencies, and more. These APIs enable various operations, such as GET and POST requests, allowing companies to reconcile transactions, fetch transaction data, and evaluate credit worthiness. Examples of bank feed APIs include Xero's Statements and Feed Connections endpoints, as well as Merge's Bank Feed Accounts and Bank Feed Transactions models, which offer normalized data models for accessing and managing bank feed data. Using bank feed APIs offers several benefits, including fast sync frequencies, high data accuracy, secure connections, and wide availability, making it easier to sync bank feed data across ERP solutions with ease.

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