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Virtual Banking: How It Works and Why Developers Should Care
The future of banking is API-first, mobile-native, and 100% virtual. Gone are the days of waiting in line for a debit card or filling out paperwork to open a bank account. Today, apps like Revolut, N26, Monzo, and Chime are turning traditional banking into something closer to SaaS — and developers are right at the center of it. In this post, we’ll break down: What virtual banking is The architecture behind it Fintech APIs and tools What devs can build in this space Let’s crack open the vault. What Is Virtual Banking? Virtual banking (also called digital-only or neobanking) refers to financial services provided entirely through apps or web interfaces — no physical branches involved. These banks offer: Account opening Debit/credit cards Money transfers Expense tracking Savings and budgeting tools Investments, crypto, and more All delivered programmatically through sleek UIs and robust APIs. Under the Hood: Virtual Banking Architecture A typical virtual bank is built with a modular stack that includes: Banking-as-a-Service (BaaS) Provider
The future of banking is API-first, mobile-native, and 100% virtual.
Gone are the days of waiting in line for a debit card or filling out paperwork to open a bank account. Today, apps like Revolut, N26, Monzo, and Chime are turning traditional banking into something closer to SaaS — and developers are right at the center of it.
In this post, we’ll break down:
- What virtual banking is
- The architecture behind it
- Fintech APIs and tools
- What devs can build in this space
Let’s crack open the vault.
What Is Virtual Banking?
Virtual banking (also called digital-only or neobanking) refers to financial services provided entirely through apps or web interfaces — no physical branches involved.
These banks offer:
- Account opening
- Debit/credit cards
- Money transfers
- Expense tracking
- Savings and budgeting tools
- Investments, crypto, and more
All delivered programmatically through sleek UIs and robust APIs.
Under the Hood: Virtual Banking Architecture
A typical virtual bank is built with a modular stack that includes:
Banking-as-a-Service (BaaS) Provider
