Akoya API Integration for Secure Fintech Solutions | FintegrationFS
Integrate Akoya API for secure, token-based bank data access without screen scraping. FintegrationFS builds Akoya-powered open finance solutions.
Akoya API: Secure Open Banking & Financial Data Sharing for US Fintechs
The Akoya API is the USA's leading open banking network built for secure, consumer-permissioned financial data sharing — without screen scraping, without credential sharing, and without compromise. Whether you're building a personal finance app, a lending platform, or an embedded finance product, integrating the Akoya API gives your users real-time, tokenized access to their financial data directly from their bank.
Akoya is the only 100% API-connected, consumer-permissioned data sharing network, promoting security, transparency, and peace of mind. Akoya For US fintechs navigating CFPB compliance and open finance regulations, Akoya is the infrastructure you build on.
What Is the Akoya API?
The Akoya API is an open finance platform that connects fintechs, data aggregators, and financial institutions through a single, standardized integration. Akoya's data access network is connected to 4,300+ financial institutions and securely powers 7,000+ apps across the financial services industry. Akoya
Rather than relying on outdated screen scraping methods, Akoya's open finance APIs are built on OAuth and FDX standards, providing direct API-based connections to banks, credit unions, and brokerages — so the data comes straight from the financial institutions.
Why US Fintechs Are Choosing Akoya in 2026
Open banking in the United States has crossed a regulatory tipping point. The CFPB's Rule 1033 was finalized in November 2024 and became effective January 17, 2025, with the first set of covered institutions required to be in compliance on April 1, 2026. Akoya
Akoya is a founder and board member of FDX — the CFPB's official Standard-Setting Organization for Rule 1033 — and aligns its API products with FDX's common, interoperable, and royalty-free technical standards. Akoya
That means integrating Akoya isn't just a technical decision — it's a compliance-forward strategy.
Akoya API: Core Products & Capabilities
Account & Balance Data
Access real-time balances across checking, savings, credit cards, investment, loan, and insurance accounts — ideal for budgeting apps, account verification, and liquidity analysis. Akoya The Balances product also surfaces payment due dates, credit card rewards details, limits, and year-to-date interest data.
Transaction Data with AI Enrichment
Get real-time data from Akoya's network of trusted providers combined with easy-to-deploy, secure, AI-powered enriched transactions. Akoya's enriched transaction data includes three levels of categorization, merchant name, logo, website and location, regularity of transactions, and payment processor information.
Investment & Wealth Data
Retrieve up-to-date account and investment data including holdings, market values, and account types — perfect for wealth management and advisory tools.
Tax Document Access (1098 & 1099)
Simplify access to 1098 mortgage and 1099 income tax statements via direct, permissioned connections — allowing users to easily link bank and investment accounts to tax preparation, accounting, and business management solutions, without ever sharing login information.
Consumer Consent Management
Akoya provides an API-powered, white-labeled dashboard for consumers to visualize all third parties authorized to access their data, with the ability to review, add, and easily revoke consent at any time — directly from the financial institution's mobile or online banking platform.
Akoya API: Feature Comparison Table
Feature | Akoya API | Screen Scraping | Traditional Aggregators |
Connection Method | ❌ Never | ✅ Required | Partial |
Real-Time Data | ✅ Yes | ❌ Inconsistent | Partial |
Consumer Consent Control | ✅ Full | ❌ None | Limited |
CFPB Rule 1033 Compliant | ✅ Yes | ❌ No | Partial |
FDX Standard | ✅ Yes | ❌ No | Partial |
Financial Institutions Covered | 4,300+ | Varies | Varies |
Bot Traffic / Security Risk | ✅ Eliminated | ❌ High | Moderate |
White-Label Consent Dashboard | ✅ Yes | ❌ No | ❌ No |
How the Akoya API Works: Technical Flow
Here's a simplified OAuth-based integration flow when a user connects their bank account through an Akoya-powered app:
// Step 1: Redirect user to Akoya authorization endpoint
const authUrl = `https://api.akoya.com/auth/authorize
?client_id=YOUR_CLIENT_ID
&response_type=code
&redirect_uri=https://yourapp.com/callback
&scope=account_details transactions balances
&state=random_state_string`;
window.location.href = authUrl;
// Step 2: Exchange authorization code for access token
const tokenResponse = await fetch('https://api.akoya.com/auth/token', {
method: 'POST',
headers: { 'Content-Type': 'application/x-www-form-urlencoded' },
body: new URLSearchParams({
grant_type: 'authorization_code',
code: authorizationCode,
redirect_uri: 'https://yourapp.com/callback',
client_id: 'YOUR_CLIENT_ID',
client_secret: 'YOUR_CLIENT_SECRET'
})
});
const { access_token } = await tokenResponse.json();
// Step 3: Fetch real-time account balances
const balancesResponse = await fetch(
'https://api.akoya.com/v2/accounts/balances',
{
headers: {
Authorization: `Bearer ${access_token}`,
'Content-Type': 'application/json'
}
}
);
const balances = await balancesResponse.json();
console.log(balances);
// Step 4: Fetch enriched transactions
const txnResponse = await fetch(
'https://api.akoya.com/v2/accounts/transactions?startDate=2025-01-01',
{
headers: { Authorization: `Bearer ${access_token}` }
}
);
const transactions = await txnResponse.json();
Who Uses the Akoya API in the USA?
Akoya serves over 4,600 financial institutions, including small and medium-sized banks, credit unions, fintechs, and data aggregators across the United States. Akoya
Common use cases in the US market include:
Personal Finance Management (PFM) apps — aggregating accounts from multiple banks for a unified dashboard
Lending & underwriting platforms — income and cash flow verification without credential sharing
Tax preparation software — direct 1099/1098 document retrieval
Wealth management tools — real-time investment holdings and portfolio data
Neobanks & challenger banks — offering users linked external account views
B2B financial platforms — PINACLE Connect and corporate treasury tools (e.g., PNC Bank launched an Akoya integration for PINACLE Connect to provide more secure, transparent data access for corporate clients
How FintegrationFS Integrates Akoya API for US Fintechs
At FintegrationFS, we don't just hand you documentation and wish you luck. Our team handles the full Akoya API integration lifecycle — from sandbox setup to production certification — for fintech startups, banks, and credit unions across the USA.
What we deliver:
Akoya OAuth flow implementation (iOS, Android, React Native, Web)
FDX-compliant API data mapping to your schema
Consent management UI (white-labeled or custom)
Webhook handling and data sync pipelines
Compliance documentation support for Rule 1033 readiness
Ongoing maintenance and monitoring
FAQ
Q1. What is the Akoya API used for?
The Akoya API is used to access consumer-permissioned financial data — including account balances, transactions, investment holdings, and tax documents — directly from US banks and credit unions through secure, OAuth-based connections. It's widely used in budgeting apps, lending platforms, wealth tools, and open banking compliance solutions.
Q2. Is Akoya API compliant with CFPB Rule 1033?
Yes. Akoya is the CFPB's official Standard-Setting Organization for Rule 1033 through its founding role in the Financial Data Exchange (FDX), and its products are fully aligned with the requirements of the final rule effective January 2025. Akoya
Q3. How is Akoya different from screen scraping?
Screen scraping requires users to hand over their bank login credentials to a third party — a significant security risk. Akoya eliminates this by using API-based connections where up to 51% of a bank's online traffic from bots and screen scraping is replaced with direct, secure API calls. Akoya
Q4. How many banks does Akoya connect to in the USA?
Akoya's data access network is connected to over 4,300 financial institutions and securely powers more than 7,000 apps. Akoya
Q5. Does Akoya store my users' bank credentials?
No. Akoya leverages OAuth to generate a secure digital token representing the customer — Akoya does not handle login credentials at any point in the process. U.S. Bank
Q6. Can users revoke Akoya data access
Yes. Consumers can review, add, and easily revoke consent at any time, directly from the financial institution's mobile or online banking platform through Akoya's white-labeled consent dashboard.
Q7. What data types does the Akoya API support?
Akoya supports balances, transactions (with AI enrichment), investment holdings, account details, statements, and tax documents (1098/1099) across checking, savings, credit card, mortgage, brokerage, and insurance accounts.
Q8. How do I get started with the Akoya API integration?
You can access Akoya's self-service sandbox for developers at akoya.com/developers. Alternatively, FintegrationFS can handle the full integration for you — from API setup to production launch. Contact us to get started.