Apple Unveils FinanceKit API with iOS 17.4 Update

The new feature allows budgeting apps to automatically sync with Apple financial services, streamlining personal finance management.

iOS 17.4 introduces FinanceKit API, enabling third-party budgeting apps to automatically import transactions and balances from Apple Card, Apple Cash, and Savings accounts.
The update is part of Apple's compliance with the EU's Digital Markets Act, but also offers significant benefits for U.S. users by simplifying personal finance management.
Budgeting apps like Copilot, Monarch, and YNAB are among the first to implement FinanceKit, allowing for real-time tracking of Apple financial accounts.
The new feature aims to replace manual transaction entry, enhancing the user experience for the 12 million Apple Card holders.
Apple's financial services, including the Apple Card and Savings account, have seen substantial growth, with the Savings account accumulating over $10 billion in deposits.