Co-op Bank has invigorated its API platform. This is a vital cue in promoting partnerships and innovation and building disruptive business models and platforms to deliver seamless customer experience.
Co-op APIs are here to boost small business owners, fin-tech’s or techie’s to grow their businesses and improve overall customer experience.
But, then, are we really conversant with API’s?
What is an API?
A simple definition says it’s an application program interface (API).
It is a code that allows two software programs to communicate with each other.
An API defines the correct way for a developer to request services from an operating system (OS) or other application and expose data within different contexts and across multiple channels.
An Open API is also known as a public API are published on the internet and allows the owner of a network-accessible service to give universal access to customers.
Exposing data with an API can improve the customer experience because it provides greater functionality and scope of services within a single application or other digital property.
Co-op Bank offers simple APIs – aptly tagged ‘restful’ – that allows clients to quickly integrate and manage payments on web or mobile application. This is inspired by a belief in the creation of technologies that support innovation and in the creation of systems that have a positive impact on the lives of the people in the society.
The bank has in place a continuous innovation plan to open up the banking space using the latest and thoroughly tested technologies.
Co-op Bank APIs fall into two categories – transactional and account information services.
The Transactional APIs which involve:
Send money from a Co-op Bank account to an M-Pesa wallet.
Pesalink send to account – Enables clients to use Pesalink to send money from a Co-op Bank account to another bank account in a different bank.
Internal Funds Transfer – Enables clients to transfer funds from a Co-op Bank account to another Co-op Bank account.
Instant Notification Service – Sends real-time notifications to a customer’s accounting system of any activities in the respective customer’s account, like debits or credits.
The Account Information Services APIs have these functions:
Account Status Inquiry – This allows a client access the account balance around the clock.
The balances may be in various forms:
Co-op Bank open APIs eases up tedious programming tasks to enable clients focus on their core tasks and responsibilities.
To learn more about Coop Bank API’s, click here or visit the nearest branch.
October 22, 2020