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Use of EBICS and API technology for Open Banking solutions

Programming interfaces (APIs) are currently in vogue and are increasingly being considered as access points for machine-to-machine data transfers between companies Application and customers. Against the background of PSD2, the need for secure open banking solutions such as EBICS is increasing.

What makes EBICS so special compared to API technology can be found in this factsheet:

Concerning the comparison, there is actually no either/or but rather the question of stakeholder`s / customer’s needs and there are good reasons for combining both advantages:

  • EBICS is optimised for the transfer of larger files
  • APIs are able to initiate communication in all directions

Real-time notifications (based on WebSocket) are such a combination. Read more about here...