Apple Expands Financial Data Access with New Transaction API


Apple has taken a step forward in the world of personal finance management with the release of a new API (Application Programming Interface) as part of its iOS 17.4 update. Named FinanceKit, this API enables approved third-party developers to securely retrieve transaction history and balance details from Apple Card, Apple Cash, and Apple Savings accounts.

Key Highlights

  • Enhanced financial tracking: FinanceKit allows users to connect their Apple financial accounts to budgeting and personal finance apps for more comprehensive tracking.
  • User control: Users retain complete control over which apps can access their financial data and have the power to revoke access at any time.
  • Improved app experiences: Developers can now offer real-time account updates and more accurate financial insights within their apps.
  • Focus on privacy: Apple emphasizes user privacy; the process is designed to be secure, with data shared only upon user consent.


What is FinanceKit?

FinanceKit is a new developer tool within Apple’s iOS 17.4 software update. It acts as a secure bridge between Apple’s financial services and authorized third-party applications.When a user grants permission, FinanceKit allows an app to retrieve the following information:

  • Transaction history from Apple Card, including merchant names, amounts, and dates.
  • Real-time balances for Apple Cash and the new Apple Savings account.

The Importance of FinanceKit

The release of FinanceKit demonstrates Apple’s recognition of the growing importance of financial data accessibility for its users. This API provides a streamlined and secure method for users to integrate their Apple financial activity into their preferred budgeting or money management tools. Previously, users might have to rely on downloading statements or manually entering transactions.

Partnering with Leading Fintech Apps

Apple has partnered with popular personal finance applications YNAB, Monarch, and Copilot to showcase the capabilities of the FinanceKit API. In a blog post on its website, Copilot announced that this integration allows its users to track their Apple finance accounts in real-time, eliminating the need to share banking credentials or upload statements manually.

Todd Curtis, CEO of YNAB, expressed the company’s enthusiasm for the new integration: “We welcome Apple opening up their ecosystem to allow secure and private sharing of financial data. Access through Apple’s new API enables faster setup, more reliable connections, and greater control for our users.”

The API’s Potential Impact

The introduction of FinanceKit has the potential to significantly impact how users manage and interact with their Apple financial products. By securely sharing transaction data, budgeting and financial analysis apps can provide tailored insights, identify potential savings, and help users achieve their financial goals with greater ease and efficiency.

While FinanceKit could be a significant move toward more seamless financial data access, it’s important to remember that Apple often acts in its own best interest. Providing this type of API aligns with Apple’s goal of expanding its financial service offerings, and it strengthens the appeal of the Apple ecosystem overall. Nevertheless, FinanceKit has the potential to benefit consumers greatly by providing greater control and visibility into their financial lives. Time will tell how far-reaching its adoption will be and whether it will become a standard across other financial institutions.


About the author


James Miller

Senior writer & Rumors Analyst, James is a postgraduate in biotechnology and has an immense interest in following technology developments. Quiet by nature, he is an avid Lacrosse player. He is responsible for handling the office staff writers and providing them with the latest updates happenings in the world of technology. You can contact him at