Tesco Bank API

The British bank Tesco Bank was established in 1997 by Tesco and Royal Bank of Scotland through a joint venture. Amongst its offerings are credit cards, loans, savings accounts and insurance.

With over 5 million customers, Tesco Bank has grown consistently since its inception. Digital innovation and improving its online and mobile banking services have become the focus of the bank in recent times.

To provide its services to customers, Tesco Bank utilizes multiple APIs including:

This API processes payments and transactions for credit cards and loans.

Ensuring user authentication and account security is the primary function served by this API.

Savings accounts and other product transactions histories, along with user’s personal account information can be accessed through this API.

The Open Banking API is used by Tesco Bank to let customers safely connect their bank accounts with third-party providers for tailored financial services.

To ensure the safety of its customers’ information, Tesco Bank has implemented several precautions as security is their topmost priority. Customer accounts are regularly monitored for suspicious activity and include data encryption and two-factor authentication.

During a significant security breach that happened in 2016, cyber criminals managed to steal £2.5 million from customer accounts of Tesco Bank. Reimbursing affected customers quickly and implementing additional security measures, the company responded rapidly to prevent similar incidents from occurring in the future.

Reliable API performance is a must-have for Tesco Bank’s business success. Therefore, the bank invests in scalable infrastructure and monitoring tools to achieve it.

Minor downtime was encountered by Tesco Bank on a few occasions in the past. Nevertheless, the organization has managed to rapidly resolve all concerns and reestablish service for affected patrons.

Flexibility and scalability are provided by the combination of private and public cloud technology used in constructing the bank’s infrastructure. The company guarantees the availability of its services to its clients by utilizing numerous data centers and network providers.