E-banking (electronic banking) is a digital service allowing customers to access bank accounts and conduct financial transactions—such as transfers, payments, and account management—online via computers or mobile devices. It operates 24/7, eliminating the need to visit a physical bank branch.
Open banking APIs (application programming interfaces) are secure digital bridges that allow third-party financial service providers to access banking data and functionality with user consent. They facilitate seamless data sharing between traditional banks and fintech applications for services like account aggregation, payment initiation, and credit scoring.