Title: Exploratory study on the integration of enterprise resource planning and API banking

Authors: Baiju J. Nair; B. Baskar; Rishabh Shekhar; Tomy K. Kallarakal

Addresses: International Maritime College Oman, National University of Science and Technology, Oman ' Jain (Deemed to be University), Bengaluru, Karnataka 560029, India ' Symbiosis Centre for Management Studies (SCMS), Symbiosis International (Deemed University) (SIU), Mouza-Wathoda, Nagpur, Maharashtra, India ' Christ (Deemed to be University), Bengaluru, Karnataka 560069, India

Abstract: Banks have enabled API integration with ERP solutions, allowing faster transactions and eliminating manual processes and errors. This enables corporations to keep track of their finances in real time and make more informed decisions. ERP helps enterprises plan resources, manage operations, and provide real-time data to improve customer service. Cloud computing has eliminated the need for data servers at the client's workplace, leading to software as a service (SAAS). With the integration of API banking and ERP, organisations reduce their IT costs, as they no longer need to maintain physical servers. Open banking enables open finance, empowering transactions with banking data. ERP systems have also allowed companies to reduce manual data entry processes and improve data accuracy. This paper examines the transformation in the ERP system concerning API Banking which led to open banking, and open finance, which used to work in isolation and did not interact with other systems.

Keywords: enterprise resource planning; ERP; digital banking; API banking; open banking; open finance; software as a service; SAAS.

DOI: 10.1504/IJBIR.2026.153948

International Journal of Business Innovation and Research, 2026 Vol.40 No.2, pp.246 - 268

Received: 21 Oct 2022
Accepted: 28 Feb 2023
Published online: 09 Jun 2026 *

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