Singapore’s DBS Bank Launches ‘World’s Largest API Platform’

Singapore’s DBS Bank said it launched the world’s largest API developer platform.

The platform consists of 155 APIs in over 20 categories, which includes funds transfers, rewards, and real-time payments. The bank said it will continue to add more categories as demands rise.

The platform already has 50 companies using it to develop solutions. These companies include the likes of AIG, McDonald’s, MSIG, PropertyGuru, and startups like Activpass, FoodPanda, Homage and soCash.

In a statement Thursday, David Gledhill, DBS Bank chief information officer 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.

Read more at DBS Bank and Singapore Business Review. 

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Tatjana Kulkarni is Deputy Editor at Bank Innovation. Before Bank Innovation, she was the marketing coordinator at conference producer Capital Roundtable. Prior to that she was a business reporter for nearly three years at The Deal. She has an M.A. in International Relations from New York University and a B.A. in Journalism from L.I.U. Post. In her spare time she travels as much as possible, making it a point to visit at least one new country per year.

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