Objectives On completion of this tutorial, you will be able to:

• Explain what an API is
• List the four main types of API, namely public, private, partner, and composite
• Recognize how APIs are extending the range of companies that can provide financial services
• Describe embedded payments and Banking-as-a-Service (BaaS)

Tutorial Overview An API is a set of rules that lets software applications communicate with each other. APIs enable a secure and streamlined exchange of data and play a huge role in the digital economy and in our daily lives. This tutorial provides a high-level overview of APIs and the ways in which they are changing the face of traditional banking. Prerequisite Knowledge None Tutorial Level: Introductory Tutorial Duration: 25 minutes