Most businesses and community organizations have at least heard of the term, API. API stands for Application Programming Interface, which is a software application used to develop new apps that connect and integrate into a company’s preexisting software.
In the financial industry, API Banking involves connecting and integrating a firm’s financial data between its current financial software and the banking platform. The result? Modernized banking tools, the ability to automate tasks, streamlined operations, and a more seamless customer experience overall.
How Does API Work?
Pacific Premier Bank uses our proprietary API technology, called Pacific Premier API Banking®, to connect your financial records to your bank account(s) via one integrated, easily accessible platform. Our clients can view and/or download transaction data, check images, account statements, lockbox images, and more. Essentially, API Banking helps you free up your time so you can focus on other important tasks.
The Power of Automation
API Banking saves time through simple and safe integration of all your association’s regular banking activities. Reduce manual tasks, multiple logins, and toggling between systems for account reconciliation. Instead, use one safe and secure platform to track all your important financial data.
The Pacific Premier API Banking platform not only gives you access to real-time data, but it also allows you to automate your bookkeeping process, which, in turn, reduces costs. Another benefit of the one-platform approach is that it eliminates the need for multiple logins, thus saving more time and creating better day-to-day efficiencies.
Safety and Security
When it comes to your financial data, safety and security are critical. Pacific Premier API Banking® seamlessly and securely connects and integrates with your existing financial management software, as well as leading community association management software providers.
Founded in 1983, Pacific Premier Bank has grown to become one of the strongest-performing banks in the United States. Our HOA and community association clients rely on our strength and expertise to provide the best API Banking solutions customized for their unique operations. To find out how we can help your organization, visit PPBI.com/HOABankingAPI or call 800.646.9958 for more information.
The information expressed is being provided for informational and educational purposes only. It is not intended to provide specific advice or recommendations for any individual or business. Pacific Premier Bank does not provide tax, legal, or accounting advice, and the information contained herein should not be construed as such. You should carefully consider your needs and objectives before making any decisions. For specific guidance on how this information should be applied to your situation or business, you should consult your own tax, legal, and accounting advisors before applying any recommendation. Pacific Premier Bank, Member FDIC, and Equal Housing Lender.
Alicia Granados is the senior vice president and national sales manager of community association banking at Pacific Premier Bank and is a past president and treasurer of the CAI Rocky Mountain Chapter.