Top 10 Fintech APIs to use in 2023

July 14, 2023
Data Expert Lucy
Lucy Kelly Research Analyst at Datarade

In today’s rapidly evolving financial landscape, the integration of technology and finance has become increasingly crucial. Fintech APIs have emerged as powerful tools that enable seamless connectivity and collaboration between financial institutions and third-party developers. In this article, we will explore the top fintech APIs that are revolutionizing the industry, providing innovative solutions and driving financial innovation forward.

What are Fintech APIs?

Fintech APIs, or Application Programming Interfaces, are sets of rules and protocols that allow different software applications to communicate and interact with each other in the field of financial technology (fintech). These APIs enable developers to access and utilize specific functionalities and data from financial institutions, payment processors, or other fintech service providers.

Fintech APIs provide a standardized way for developers to integrate various financial services into their own applications or platforms. They can be used to facilitate processes such as payments, account aggregation, identity verification, risk assessment, lending, and more. By leveraging these APIs, developers can save time and effort by not having to build these functionalities from scratch.

For example, a fintech startup building a mobile payment app can use a payment processing API to securely handle transactions, a bank API to access account information, and a fraud detection API to mitigate risks. This allows them to focus on their core business logic while relying on established financial service providers for specific functions.

Overall, fintech APIs play a crucial role in enabling innovation, collaboration, and seamless integration within the financial technology ecosystem.

The Top 10 Fintech APIs to use in 2023

Finnworlds offers one of the best fintech APIs in the market, providing a comprehensive range of financial data for publicly traded companies on all stock markets. Their database covers anything that can affect a stock price, making it a valuable resource for investors, analysts, and developers.

The general features of Finnworlds’ fintech APIs include:

  • Analyst Ratings: Access the latest buy, sell, hold, and price consensus data of analysts covering the stock market. Historical ratings and success scores are also available.

  • Commodity Prices: Get real-time data on commodity prices, allowing you to track the performance of various commodities in the market.

  • Stock Market Index: Access data on stock market indices, providing insights into the overall performance of the market.

  • Bond Yields: Stay updated on bond yields, enabling you to monitor the fixed-income market and make informed investment decisions.

  • ETF Holdings: Access daily updated data on ETF holdings, allowing you to analyze the composition of different ETFs.

  • Mutual Fund Holdings: Stay informed about the holdings of mutual funds, providing insights into their investment strategies.

  • Search Trends: Access search trends and search volumes of stocks, helping you understand market sentiment and identify emerging trends.

  • Financial Statement Reports: Access income statements, balance sheets, and cash flow statements of publicly traded companies. The database is updated as soon as the company releases their financial reports.

  • SEC Filings: Access basic information about all types of reports made to the SEC, including the type, headline, and direct links to download the reports.

  • Historical Dividends: Access historical dividend data of publicly traded companies, allowing you to analyze dividend trends and make dividend-focused investment strategies.

  • Historical Stock Splits: Access historical stock split data, enabling you to analyze the impact of stock splits on share prices.

  • Insider Transactions: Stay updated on insider transactions, providing insights into the buying and selling activities of company insiders.

  • Financial Ratios: Access over 200 common ratios used in valuing a company, helping you analyze the financial health and performance of companies.

  • Technical Indicators: Access over 50 technical indicators, allowing you to perform technical analysis and make informed trading decisions.

  • Stock and Company Identification: Access basic identification numbers and codes of publicly traded companies and their stocks, including ticker symbols, ISIN, CIK, CUSIP, and Employer ID (EIN).

VentureCap Insights offers one of the best fintech APIs in the market. Their API provides accurate, comprehensive, and up-to-date information on fundraising, valuations, and revenue for startups and venture-backed companies. Here are some of the key features of their API:

  • Fundraising Information: The API provides the exact amount of funds raised by every company and the amount invested by each investor at every round. This information is crucial for investors and startups to track the progress of fundraising efforts.

  • Financial Metrics: VentureCap Insights API also offers top-line financial metrics such as revenue, revenue growth, and EBIT (Earnings Before Interest and Taxes). These metrics help investors and startups assess the financial health and growth potential of companies.

  • Valuation Data: The API includes the valuation of each company at every round and the value of every investor’s investment based on the last round valuation. This information is essential for investors to evaluate the potential return on their investments.

Pricing

VentureCap Insights offers flexible pricing plans for their API. They provide different tiers of access based on the needs of their customers. However, specific pricing details are not available on their website. To get more information about their pricing plans and to subscribe, customers need to contact [email protected].

Overall Review and Conclusion

VentureCap Insights API stands out as one of the best fintech APIs in the market due to its accurate and comprehensive data on fundraising, valuations, and revenue for startups and venture-backed companies. The API provides essential information for investors and startups to make informed decisions and track the progress of their investments. While specific pricing details are not available on their website, VentureCap Insights offers flexible pricing plans tailored to the needs of their customers. Overall, VentureCap Insights API is highly recommended for anyone looking for reliable and up-to-date fintech data.

InfoTrie Finance API is undoubtedly one of the best fintech APIs available in the market. With a wide range of features and capabilities, it offers a comprehensive solution for financial data needs. Here are some of the key features that make InfoTrie Finance API stand out:

  1. Corporate and Alternative Data: InfoTrie Finance API provides access to a diverse range of data, including news and sentiment analysis, ESG (Environmental, Social, and Governance) data, job postings, and ecommerce reviews. This extensive coverage ensures that users have access to a wide range of data sources to make informed decisions.

  2. AI at Scale: InfoTrie Finance API leverages machine learning and deep learning algorithms that have been developed and refined over the course of 10 years. This extensive experience in AI enables InfoTrie to provide accurate and reliable insights to its users.

  3. Consulting Services: In addition to its data offerings, InfoTrie also provides consulting services in the areas of business, IT, and data science. This added value ensures that users not only have access to high-quality data but also receive expert guidance and support in utilizing that data effectively.

Pricing

InfoTrie offers flexible pricing options to cater to the diverse needs of its users. While the standard prices can be found on their website, they also offer corporate packages on demand. The supported pricing models for InfoTrie’s data can be obtained by contacting them via Datarade.

InfoTrie understands that each user may have unique data requirements, and therefore, they offer free samples for individual data needs. This allows users to assess the quality and relevance of the data before making a purchase decision. Additionally, InfoTrie’s team is readily available to provide custom pricing options, information about data subscription fees, and quotes tailored to the specific use case of each user.

Overall Review and Conclusion

InfoTrie Finance API undoubtedly offers one of the best fintech APIs in the market. With its extensive coverage of corporate and alternative data, AI capabilities, and consulting services, it provides a comprehensive solution for financial data needs. The flexibility in pricing options, including free samples and custom pricing, further enhances its appeal to users with diverse requirements.

Whether you are a financial institution, a data scientist, or a fintech startup, InfoTrie Finance API is a reliable and valuable resource to consider.

CTOS Basis API offers one of the best fintech APIs in the market, providing a comprehensive set of features that cater to the needs of financial technology companies. Here are some of the key features offered by CTOS Basis API:

  1. Credit Scoring: CTOS Basis API provides access to a robust credit scoring system, allowing businesses to assess the creditworthiness of individuals or companies. This feature is crucial for lenders, insurers, and other financial institutions to make informed decisions.

  2. Identity Verification: With CTOS Basis API, businesses can verify the identity of their customers, reducing the risk of fraud and ensuring compliance with regulatory requirements. This feature is particularly important in the digital age, where remote onboarding and transactions are becoming increasingly common.

  3. KYC (Know Your Customer) Compliance: CTOS Basis API helps businesses comply with KYC regulations by providing access to reliable and up-to-date customer information. This feature streamlines the onboarding process and ensures that businesses are operating within legal boundaries.

  4. Data Enrichment: The API allows businesses to enrich their existing customer data with additional information from CTOS Basis’ extensive database. This feature enhances customer profiling, segmentation, and targeting, enabling businesses to personalize their offerings and improve customer satisfaction.

  5. Fraud Detection: CTOS Basis API includes advanced fraud detection capabilities, leveraging machine learning algorithms and historical data to identify suspicious activities and potential fraudsters. This feature helps businesses mitigate risks and protect their customers’ assets.

Pricing

CTOS Basis offers flexible pricing options tailored to the specific needs of each customer. While the exact pricing details are not available on their website, CTOS Basis encourages interested parties to get in touch with their team to discuss pricing and subscription costs.

CTOS Basis provides free samples for individual data requirements, allowing businesses to evaluate the quality and relevance of the data before making a purchase decision. This demonstrates their commitment to customer satisfaction and transparency.

To receive custom pricing options, information about data subscription fees, and quotes for CTOS Basis’ data offering, it is recommended to contact a member of their team. This personalized approach ensures that businesses receive pricing that aligns with their unique use case and budget.

General Features

  • Data Coverage: Supports around 100,000 symbols across various asset classes worldwide.
  • Fast Moving: Regularly releases hundreds of new features to keep users ahead of the industry.
  • Reliability: Offers a 99.95% SLA for exceptional quality and uptime.
  • Low Latency: Provides real-time data streaming with ultra-low latency.
  • Global Reach: Supports over 250 exchanges and data from 90+ countries.

Pricing

TwelveData follows a transparent pay-as-you-go pricing model.

Overall Review and Conclusion

TwelveData is a powerful fintech API with comprehensive data coverage, reliability, and low latency. With its global reach and innovative features, it is a top choice for developers and businesses in the finance industry. The transparent pricing adds to its appeal. Start integrating TwelveData’s products and tools today.

Finage API offers a comprehensive set of features that make it one of the best fintech APIs in the market. Here are some of the key features:

  • Wide Range of Data Products: Finage API provides access to a diverse range of financial data products, including stocks, forex, cryptocurrencies, indices, ETFs, and more. This allows developers to build applications that cater to various financial markets.

  • Real-time and Historical Data: With Finage API, developers can access both real-time and historical market data. Real-time data enables traders to make informed decisions quickly, while historical data allows for backtesting and analysis of trading strategies.

  • Fast and Scalable Streaming: Finage API offers fast and scalable streaming market data, ensuring that developers receive data in real-time. This feature is crucial for building trade platforms that require up-to-date information.

  • Easy Integration: Finage API provides simple and effective API documentation, making it easy for developers to integrate the API into their projects. The documentation includes sample codes and resources to help developers get started quickly.

  • Institutional Level Data: Finage API offers institutional-level financial data, ensuring high accuracy and reliability. This is crucial for traders and investors who rely on accurate data for their decision-making processes.

Pricing

Finage API offers flexible pricing plans to cater to teams of all sizes. Here are some of the pricing options:

  • Basic Plan: The basic plan starts at $999 per month and includes real-time data for the U.S. stock market. It also provides access to 19-year historical data, pre and post-market hours data, and premium support.

  • Professional Plan: The professional plan starts at $899 per month and offers real-time data for global stocks. It includes all the features of the basic plan, along with access to historical data for multiple countries.

  • Bundle Plans: Finage API also offers bundle plans that combine multiple data products, such as stocks, forex, crypto, and ETFs. These plans provide a comprehensive solution for developers who require data from multiple financial markets.

Overall Review and Conclusion

Finage API stands out as one of the best fintech APIs in the market due to its wide range of data products, real-time and historical data capabilities, and easy integration.”

Coresignal stands out as one of the leading providers of fintech APIs, offering a wide range of features that cater to the diverse needs of businesses. With their cutting-edge data discovery and update systems, Coresignal ensures a stable stream of fresh data on companies and professionals, making it an invaluable resource for businesses looking to stay ahead in the market.

Extensive Datasets

Coresignal provides parsed, structured, and clean data from 20 sources, organized into 8 data categories. Their datasets cover all essential aspects of information about companies, professionals, and tech products. This comprehensive coverage allows businesses to access the most relevant and up-to-date data to drive their growth and make informed decisions.

API Access

Coresignal offers a range of APIs that allow users to search, filter, and extract data with ease. Their Database API provides direct access to a large-scale database, enabling users to search, filter, and enrich their data. Additionally, their scraping APIs allow users to get 100% fresh data records on demand, making it a valuable tool for businesses that require real-time data updates.

Industry Use Cases

Coresignal showcases the multitude of ways their data is utilized across various industries. From HR technology platforms to the world’s largest VC firms, businesses can leverage Coresignal’s data to build talent sourcing tools, generate investment signals, enhance analysis, generate quality leads, enrich data, and identify trends at the industry and company level. This versatility makes Coresignal a valuable asset for businesses across different sectors.

Pricing

Coresignal offers flexible pricing options to cater to the specific needs and budgets of businesses. They provide custom data prices based on individual requirements, ensuring that businesses only pay for the data they need. This transparent pricing model allows businesses to optimize their costs while accessing high-quality data.

Overall Review and Conclusion

Coresignal stands out as one of the best fintech API providers in the market. With their extensive datasets, API access, and industry use cases, they offer a comprehensive solution for businesses looking to leverage data for growth and decision-making. The stability and freshness of their data, coupled with their long expertise in web data extraction, make them a reliable and trusted partner.

Furthermore, Coresignal’s commitment to data privacy and security, as evidenced by their compliance with GDPR, CCPA, and their involvement in the Ethical Web.

CBonds offers one of the best fintech APIs in the market, providing financial market professionals and investors with a comprehensive data platform for bond market analysis and investment decision-making. The API offers the following general features:

  • World’s largest bond database: CBonds API provides access to over 500,000 bonds and stocks worldwide, allowing users to find any data on any bond in just one click.
  • Advanced bond market screening: With over 100 filters available, users can perform advanced bond market screening to find the best investment ideas.
  • Bond yield map: CBonds API includes a bond yield map feature, allowing users to visualize bond yields across different regions and countries.
  • Excel data exports: Users can export data from CBonds API directly to Excel, making it easy to analyze and manipulate data for further analysis.

Pricing

CBonds API offers customized solutions to receive financial data in a structured form. The pricing for the API is not mentioned on the website, and users are required to register to get access to the pricing details. However, CBonds API provides detailed descriptive and pricing data for over 650,000 bonds, 76,000 stocks, and 8,000 ETFs. The API also offers over 350 pricing sources among stock exchanges and the OTC market.

Overall Review and Conclusion

CBonds API is a powerful tool for financial market professionals and investors looking for comprehensive bond market data and analysis. With access to a vast database of bonds and stocks worldwide, advanced screening capabilities, and Excel data exports, CBonds API offers a user-friendly and intuitive platform for making informed investment decisions.

Although the pricing details are not readily available on the website, CBonds API’s extensive coverage and customizable solutions make it a top choice for those seeking reliable and accurate financial data. Overall, CBonds API is highly recommended for professionals in the fintech industry.