DBS Bank has launched what it claims is the largest banking API developer platform in the world.
The API platform is expected to help the bank create innovative and customer-centric experiences by making available a wide array of APIs for other brands, corporates, FinTechs and software developers to plug into.
More than 50 companies including household names such as AIG, McDonald’s, MSIG, PropertyGuru, as well as startups like Activpass, FoodPanda, Homage, and soCash have already joined onto the platform to develop solutions that will bring more convenience and value to customers.
David Gledhill, group chief information officer at DBS Bank, said: “DBS embarked on a journey to transform our tech infrastructure nine years ago. With that early start, we are now ahead of many others in being digital to the core.
“This has given us an edge – enabling us to operate with FinTech-like agility and nimbleness, and also platform-like inclusiveness. This will be transformative in ways not imagined previously, both for the customer and the bank.”
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