# There is a Fintech API for Everything Now 

**Published by:** [jelca thinks](https://paragraph.com/@jess/)
**Published on:** 2022-01-18
**Categories:** fintech
**URL:** https://paragraph.com/@jess/fintech-api

## Content

Envision a stackFrom payments processors aggregators to those that aggregate sponsor bank relationshipsCloser to the infrastructure...Means a higher need for risk / fraud / KYC knowledgeMore upfront costs and maintenance but also better unit pricingDecide if it is worth itTypes of API providersAll-in-one API provider like Bond, Synapse, Unit, Lithicaka BaaSThey do the hard work with bank partnerships, regulation, 3rd party integrationsUsually pretty fast to get a live card to marketCore processors like Marqeta or Galileo or i2cBuild your own stackTakes longerGets more vendor choices and unit economicsHow neobanks monetizeUsually debit interchangeWorks in the US albeit not very lucrative in EuropeFirst profitable neobank was Starling in the UK thoughUnit economics matter a lot so maybe you should go down the stack and dive into the weedsSubscriptions / RTP / memberships / partnershipsLess focused on complexity, more focused on value to the customer directly and quicklyNeeds to understand customer problem like no otherRarely works except with mass market community driven neobanksWorks for non-banks whose core value prop isn't payments related anyways like ShopifyAvoid all complexity and just buy Stripe to get paymentsWhat you are buying with an API providerOpinions on which product for AML for exampleThey might be able to always do it better than you like Unit 21Choice of provider / configurability / third partiesLandscape does change a lot with partner banks, if a BaaS can adapt that for you that's pretty greatOr choose to self buildIf it is core to what you doDream API is one that allows you to drive when you want to and you can get all the data. not really possible but yeah.Notes inspired by Simon Taylor and others

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