Better payment choices with Floid Open Banking API

Floid is a fintech company specializing in Open Finance, offering infrastructure and tools to seamlessly connect banks, businesses, and consumers. Unlike other providers, Floid:

• Integrates multiple payment rails (multi-rail) into a single platform.
• Offers customizable APIs that connect with various financial systems.
• Uses real-time data intelligence to enhance financial decision-making.
• Complies with international regulations and top-tier security standards.
  

This unique combination allows Floid to adapt to different business models and scale quickly with tailored solutions for each client.

Open Finance is a data-sharing model that enables the interoperability of financial services through open APIs. It allows banks, fintechs, and other players to collaborate and deliver more personalized and competitive solutions. Key benefits include:

• Transparency and control: Users can manage their financial data across platforms from a centralized interface.
• Ongoing innovation: Open access to data fosters the creation of new products and services.
• Healthy competition: Lower entry barriers empower new players, driving progress in the traditional financial ecosystem.

Ensuring the security of financial data is critical when implementing APIs. Best practices include:

• End-to-end encryption (E2EE) using SSL/TLS protocols.
• Strong authentication and authorization with standards like OAuth 2.0 and JWT.
• Constant monitoring and auditing to detect anomalies or potential threats.
• Regulatory compliance with frameworks such as PCI DSS, ISO 27001, and local data protection laws.
  

By following these practices, businesses can reduce risk and build trust with users.

Floid’s APIs are designed to make it easy for companies to embed financial services into their platforms. Key benefits include:

• Data standardization: Unified protocols that consolidate information from multiple banks and payment networks.
• Real-time processing: Instant access to financial data for faster decision-making.
• Scalability: Supports projects of all sizes, from early-stage startups to large financial institutions.
• Robust security: Built-in encryption, authentication, and access controls.
  

Additionally, Floid’s APIs help automate tasks like reconciliation, identity verification, and transaction monitoring, increasing operational efficiency across the board.

ACH payments in the United States are facilitated by Floid through third-party partners licensed as Money Transmitters (MTLs) in accordance with applicable laws. Floid does not hold, manage, or access user funds at any stage of the transaction.

Floid adheres to international standards and industry best practices to safeguard information and ensure compliance:

• SSL/TLS encryption for secure data transmission.
• Secure authentication protocols like OAuth and JWT.
• Regular audits and certifications such as ISO 27001.
• Full compliance with data protection laws across markets.
  

Floid was the first Open Finance fintech in Latin America to obtain ISO 27001 certification. These measures make Floid a trusted partner for businesses of any size handling high-volume transactions.

Getting started with Floid is a straightforward process:

1. Sign up or contact the team to define your specific business needs.
2. Select the right products, whether it's payments, data validation, or financial intelligence tools.
3. Integrate the APIs into your system with support from Floid’s documentation and technical team.
4. Test and launch with QA checks for security, performance, and usability.
5. Scale as you grow, leveraging Floid’s updates and new features to expand efficiently.
   

This process empowers businesses to grow organically, launch new services, or expand into new markets with minimal friction.

Yes. While Floid originated in Latin America, its technology and infrastructure are built with scalability and global compliance in mind. We support international expansion for companies operating across markets and are continuously working to expand coverage.

Integration times can vary based on the complexity of your systems. However, with Floid’s developer-friendly documentation and hands-on support, most businesses can complete their integration in just a few days.

Absolutely. Floid adheres to international data protection laws including GDPR, PCI DSS, and ISO 27001. We ensure secure, compliant data handling practices across all our APIs and services.

Yes. Floid’s APIs are designed to deliver data in real time, enabling instant financial analysis, user verification, and payment routing. This is essential for fraud prevention, underwriting, and user onboarding.