As fintech apps continue to reshape how consumers manage and invest their money, access to high-quality, permissioned financial data has never been more critical. That’s where open finance APIs come in.
Akoya offers a growing suite of open finance APIs built to provide secure, tokenized access to bank, credit union, and brokerage data with no screen scraping and no credential sharing.
Whether you're building a personal finance tool, investment platform, or embedded payments experience, our APIs are designed to give you the right data with maximum reliability.
Explore Akoya's open finance APIs
Akoya’s open finance APIs connect directly to banks, credit unions, and brokerages — so the data comes straight from the financial institutions.
Access real-time balances across checking, savings, credit cards, investment, loan and insurance accounts. Ideal for budgeting apps, account verification, and liquidity analysis. The Akoya Balances product combines basic end-user account information with the latest, actionable financial account data including available balance, payment amounts, due dates, credit card rewards details, limits, due dates, year-to-date interest, and more. With current balance and available funds data delivered via OAuth-based access, developers can build accurate cash flow experiences without relying on outdated or scraped data.
Get standardized customer identity data such as the name, email, address, and telephone number on file with their financial institution to support onboarding, know your customer (KYC), and fraud prevention use cases. This API helps reduce onboarding friction while ensuring compliance with identity verification requirements and enabling faster decisioning.
Empower consumers to make Automated Clearing House (ACH) payments and Real-Time Payments (RTP) with the necessary identifiers. With Akoya, users can instantly verify their accounts and authorize account-to-account payments, without the need to make micro-deposits.
Retrieve up-to-date account and investment data including holdings, market values, and account types — perfect for wealth management and advisory tools. Enable a holistic view of users’ financial lives by integrating investment positions from brokerage accounts alongside banking data.
Get real-time data from Akoya’s network of trusted providers combined with easy to deploy, secure, AI-powered, enriched transactions. Akoya’s enriched transaction data includes three levels of categorization, merchant information such as name, logo, website and location, regularity of transactions and payment processor information. Financial institutions on the Akoya network can offer up to 24 months of consumer transaction data (or the maximum amount they make available to users through other digital channels).
Deliver standardized bank or brokerage statements in multiple formats. Retrieve a list of available statements for the end-user's consented accounts. You may request a date range of up to two years of historical statements (maximum date ranges vary by provider). Simplify underwriting, income verification, and document collection. By automating access to high-quality documents directly from the source, fintechs can eliminate manual uploads and accelerate application workflows.
Tax API
Simplify access to 1098 (mortgage) and 1099 income tax statements via direct, permissioned connections. Allow users to easily link various bank and investment accounts to your tax preparation, accounting, and business management solutions, without ever sharing their login information.
Why open finance APIs matter now
Open finance APIs are foundational to the next generation of apps delivering transparency, automation, and consumer control in finance. But with evolving regulations, growing security risks, and user expectations for seamless UX, not all APIs are created equal.
Akoya’s APIs are built on OAuth and FDX standards, providing:
- Reliable uptime and uniform data delivery
- Developer-friendly onboarding and documentation
- Centralized access to thousands of financial institutions
Ready for a deeper dive? Contact us today.
