Radius Financial institution Unveils Business API Banking Platform & Developer Sandbox

U.S. digital financial institution Radius Financial institution introduced on Thursday it has teamed up with API banking group Treasury Prime to launch its business API banking platform and developer sandbox. Radius famous that with API banking it’s increasing its banking-as-a-service (BaaS) digital platform by providing business shoppers know-how to assist facilitate company banking wants.

Radius Financial institution additionally revealed that the Radius API Checking account permits business shoppers to handle their banking from inside their very own working system through the use of APIs to ship and obtain funds and handle money, fairly than having to log right into a separate bank-powered on-line banking system.

“Radius API Checking eliminates the necessity for transferring information and double knowledge entry by tying banking transactions on to the shopper’s enterprise knowledge.”

Whereas sharing particulars in regards to the platform, John Relyea, Senior Vice President of Business API Banking, said:

“After we began working with Treasury Prime, we realized the variety of corporations that wanted API Banking companies and that drove us to create this product. We’re excited for the response it’s acquired to this point and are excited to now launch it to all of our present and new shoppers.”

Chris Dean, CEO, Treasury Prime, added:

“They perceive that banking companies transferring outdoors of banks presents an important alternative for his or her enterprise and, collectively, we’ve created choices like API Banking that present actual worth to shoppers. The developer sandbox is game-changing as a result of builders can now perceive how our APIs will carry out in a dwell manufacturing setting.”

Radius Financial institution describes itself as an progressive full-service financial institution providing a full complement of client and enterprise services and products.