The concept of API services lies behind these capabilities of the open banking ecosystem, which eliminates bank separation in banking transactions and provides customers with access to all bank accounts through a single application.

API, which is the abbreviation of the English equivalent of application programming interface words, enables the transfer of customer and account information in banks to third-party applications in a secure manner. The transfer of API services, which act as a bridge between the bank and the customer, to a third application also allows for a radical change in the banking experience. In other words, open banking platforms that enable data and banking transactions to come to the fore, not banks, pave the way for many new solutions to enter our lives within the possibilities offered by API services.

A Different Banking Experience with API Services

The transfer of data between individual or commercial bank customers and their banks via a third application via API enables tracking, data analysis, reporting, and archive, and facilitates access to information. The biggest advantage is that it provides savings in terms of labor and time in collecting, combining and reporting data on banking transactions from each bank separately. Thus, the possibility of transaction errors in banking processes is minimized. API services also allow banking data to be shared with other ERP software in each transaction or in bulk. With this aspect, it allows businesses to save time and labor once again, while enabling many processes in the banking focus of businesses to take place automatically on digital platforms.

Eçözüm Supports Businesses with Open Banking Solutions

Eçözüm, one of Turkey's strongest brands in open banking and digital financial solutions, offers solutions to the banking needs of businesses with its NetEkstre, Netahsilat, POSRapor and E-Dbs products. With the help of API services, financial solutions that emerge by interpreting the data of enterprises from banks facilitate the payment and collection processes of enterprises, and the management of POS and bank accounts.

With NetEkstre, businesses that can control all their accounts, regardless of the bank, can instantly follow all the movements in their bank accounts.

Netahsilat, on the other hand, carries the collections of companies from their dealers, sub-dealers, business partners and customers to a safe and fast platform.

POSRapor brings together all physical or virtual POSs owned by companies in different banks in a single application, providing control of POSs, bank returns and instant tracking of sales revenues.

The E-DBS product, on the other hand, ensures the healthy functioning of cash flow by guaranteeing the planned collections that companies will make from their business partners and dealers within the direct debit system.