The monetary authority reported the opening of the Main Variables, through a statement, where they also added that the next ones available will be: Quotes, Reported Checks and Debtors Central.
He Central Bank (BCRA) enabled this Monday in its Main Variables API websitethe first that will make up a catalog that will provide access efficientlyaccording to the best available technology, at the information produced by the institution.
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This is an important step towards Open Finance, a global trend that helps improve the circulation of information in the financial system to achieve greater inclusion, transparency and, at the same time, strengthens the interoperability of data with public organizations.
BCRA moves towards open finance: What is API?
APIfor its acronym in English Application Programming Interfaceis an interface that allows interaction between software programs and applications to share information.
“This free, public API is designed to be easy to integrate into a variety of platforms and systems”explains the BCRA and adds that it can be implemented both in the construction of websites and in business applications and systems.
Through APIs, downloading and accessing information can be efficiently automated, reducing costs and simplifying access to a greater amount of data available for those who use it in decision making, from analysts to entrepreneurs and financiers.
With the purpose of offering these interfaces that facilitate the integration and creation of new developments, the BCRA will continue to expand this service. The next APIs available will be: Quotes, Reported Checks and Debtors Central.
