Monzo has announced that it has made an interim API accessible to third-party companies authorised as Account Information Service Providers (AISPs) by the FCA.
Companies such as Yolt, Chip, Emma or Plum will be able to use this new API to build integrations that they can offer to everyone that uses Monzo.
However, the third parties will not have access to the parts of the Monzo API that show personal information such as name, date of birth or home address.
The mobile-only bank is also planning to work on a V2 Developer API, which will provide a comprehensive and complete API to developers and third parties.
This new API will provide access to features such as making payments, updating and creating feed items and full access to a customer's data.
The V2 Developer API will also use Monzo's new Auth V2 system and will have control over which data and functionality third-party apps can access.
Monzo expects the design of the Open Banking API to be completed later this year.
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