BankingRadius Bank Launches Commercial API Banking Platform

Marks Next Step in the Radius + Treasury Prime Partnership
BusinessWire BusinessWireOctober 30, 20205 min

Radius Bank, a forward-thinking digital bank, announced today the next step in its partnership with API (application programming interface) banking leader Treasury Prime with the launch of their Commercial API Banking Platform and corresponding sandbox testing environment.

With API Banking, Radius has expanded its Banking-as-a-Service (BaaS) digital platform by giving commercial clients leading-edge technology to help facilitate and simplify their corporate banking needs. The sandbox is a critical component because it enables developers to explore Radius’ APIs for their particular use cases and test how the API would work in their application.

“We see a huge opportunity with API Banking to streamline the process of working with businesses, startups and developers who are building applications and businesses that are in search of this type of banking service,” said John Relyea, Senior Vice President of Commercial API Banking. “When we started working with Treasury Prime, we realized the number of companies that needed API Banking services and that drove us to create this product. We are excited for the response it’s received thus far and are excited to now launch it to all of our interested current and new clients.”

“Our Radius API Checking Account has enabled us to drive innovation for our customers and quickly scale our business,” said Ryan Droege, CEO of Relay Payments Inc. ”The APIs allow us to concentrate on building and delivering our unique transportation industry solutions, not on processing routine banking transactions.”

The Radius API Checking account allows commercial clients to manage their banking from within their own operating system by using APIs to send and receive payments and manage cash, rather than having to log into a separate bank-powered online banking system. Radius API Checking eliminates the need for transferring files and double data entry by tying banking transactions directly to the client’s business data.

“Radius Bank is one of the most forward-thinking banks in the United States,” said Chris Dean, CEO, Treasury Prime. “They understand that banking services moving outside of banks presents a great opportunity for their business and, together, we’ve created offerings like API Banking that provide real value to clients. The developer sandbox is game-changing because developers can now understand how our APIs will perform in a live production environment.”

Interested in learning more? Contact John Relyea at 216.577.0043, email api@radiusbank.com or create sandbox API keys, access sandbox checking accounts and simulate API transactions in our sandbox environment at radiusbank.com/business/api/.

For more such Updates Log on to https://fintecbuzz.com/ Follow us on Google News Fintech News

BusinessWire

BusinessWire

Leave a Reply

Your email address will not be published. Required fields are marked *

We are one of the world’s leading Fintech-based media publication with our content strategized and synthesized to fit right into the expanding ecosystem of Finance professionals. Be it fintech live news, finance press releases, tech articles from Fintech evangelists or interviews from top leaders from global fintech firms, we give the best slice of knowledge topped up with the aptest trends. Our sole mission is to help tech and finance professionals step up with the rapidly emerging Fintech civilization and gain better insights to emerge victorious in every possible way. We adopt a 360-degree approach in order to cater to present a holistic picture of the fintech arena.

Our Publications




FintecBuzz, 2020 © All Rights Reserved