FAPI
StandardsFinancial-grade API
Definition
Financial-grade API (FAPI) is a technical security specification that provides guidelines for securing APIs in the financial services industry. FAPI profiles build on top of OAuth 2.0 and OpenID Connect to provide enhanced security suitable for financial data access.
Related Terms
Frequently Asked Questions
What is Financial-grade API?
Financial-grade API (FAPI) is a technical security specification that provides guidelines for securing APIs in the financial services industry. FAPI profiles build on top of OAuth 2.0 and OpenID Connect to provide enhanced security suitable for financial data access.
What does FAPI stand for in Open Banking?
FAPI stands for Financial-grade API. It is a fundamental concept in Open Banking and PSD2 regulations. Financial-grade API (FAPI) is a technical security specification that provides guidelines for securing APIs in the financial services industry. FAPI profiles build on top of OAuth 2.0 and OpenID Connect to provide enhanced security suitable for financial data access.
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