Banking APIs & Embedded Finance

40+ banking infrastructure APIs reviewed — Account Aggregator, UPI stacks, BaaS platforms, lending APIs, and India Stack integrations. For fintechs building financial products on top of Indian banking rails.

🏦 40 tools 🗓 Updated Feb 2026 🇮🇳 Entirely India Stack focused

India Stack — The Foundation

🆔 Aadhaar

1.3B biometric identities. eKYC, eSign, offline XML. UIDAI APIs via authorized entities only.

💸 UPI

Real-time 24/7 money movement. ₹18T+ monthly volume. NPCI-governed. Build via PSP or TSP.

📂 DigiLocker

Government document repository. Fetch Aadhaar, PAN, RC, marksheets via user consent.

🔗 Account Aggregator

Consent-based financial data sharing. Fetch bank statements, investments, insurance data via AA framework.

🏛 OCEN

Open Credit Enablement Network. Lending-as-a-service on India Stack rails. LSPs + lenders network.

📋 GSTN

GST data as credit/identity signal. GST analytics for MSME lending underwriting and business verification.

Finvu AA
Account Aggregator

SEBI/RBI-licensed Account Aggregator — consent-based access to bank accounts, MF portfolios, insurance, and pension data. Developer-friendly sandbox, clean APIs, and low-latency data fetch. Most popular AA among lending fintechs for bank statement analysis.

Setu (Pine Labs)
AA + India Stack APIs

Developer-first India Stack API aggregator — Account Aggregator, UPI DeepLinks, DigiLocker, BBPS, and more in one platform. Best documentation in the category. Used by fintechs building on multiple India Stack components simultaneously.

Razorpay X
Current Account + Payouts

Business banking + API payouts — current account with UPI collect, bulk payouts to vendors/employees, virtual accounts for reconciliation, and RazorpayX API for programmatic money movement. 1M+ businesses use it for financial ops.

Decentro
Banking APIs

Full-stack banking API infrastructure — UPI, virtual accounts, collections, payouts, KYC, and lending APIs in one platform. YC-backed Indian company targeting fintechs who want single-vendor simplicity for core banking interactions.

Zeta
Banking Tech / Credit Cards

Modern banking technology stack — Tachyon credit card processing platform, digital banking platform, and payment systems for banks. Used by SBI (Tata Neu Credit Card), IndusInd, and other large banks modernizing their card tech stack.

Fi Money / EpiFi
Neobanking API

Consumer neobanking infrastructure — Federal Bank partnerships, savings account APIs, smart deposits, and connected investment APIs. B2B2C model for embedding financial products in consumer apps targeting urban Indian millennials.

Perfios
Financial Data & Analytics

Bank statement analysis platform — AI-powered categorization of transactions, income verification, fraud detection, and affordability scoring from raw bank statements. Used by 400+ lenders for underwriting. Unicorn status in 2023.

Credgenics
Collections & Lending Ops

Collections management platform — AI-powered loan collections, legal notice automation, and delinquency prediction. For NBFCs and lenders managing post-disbursement loan book and NPA prevention. Strong in personal loan and MSME lending segment.

M2P Fintech Review 2026
Banking Api

M2P Fintech complete guide for Indian fintech product teams. Prepaid cards, co-branded cards, virtual cards, and card programme management APIs — use cases, comparison, and when to use M2P.

Open (Open Financial Technologies) Review 2026
Banking Api

Open (neobank & banking API) complete guide for Indian startups. Current accounts, expense management, payroll, and banking APIs — pricing, Razorpay vs Open, and best use cases.

Choosing Your Banking API Stack

What you're buildingPrimary APISecondaryWhy
Lending / credit productFinvu AA or OneMoneyKarza + PerfiosBank statement data + verification for underwriting
Neobanking / current accountM2P Fintech or ZetaRazorpay X or CashfreeFull BaaS platform + payout capability
Embedded finance in appDecentro or SetuRelevant NBFC partnerSingle-vendor API for multiple banking primitives
Wealth / investment productOneMoney AACDSL/NSDL + BSE StarMFPortfolio aggregation + MF transaction rails
Insurance productSetu India StackVerak or BimaPePolicy issuance APIs + IRDAI-compliant flow

Building a fintech product and navigating the API maze?

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