SINGAPORE: OCBC Bank on Tuesday (May 17) became one of the first in Southeast Asia to launch an open Application Programming Interface (API) platform that allows developers to integrate the bank's products and services when building applications and programmes.
This is in line with the Government's Smart Nation Initiative and the Monetary Authority of Singapore's vision to create a Smart Financial Centre and move toward an open API architecture.
A screengrab of OCBC's API platform. (Photo: OCBC)
OCBC Bank's developer portal, Connect2OCBC, will provide free access to four open-source APIs: The branch locator, ATM locator, smart card advisor and foreign exchange APIs.
Mr Praveen Raina, senior vice president of Group Operations & Technology at OCBC Bank said: "The open APIs will put our data to more efficient use as it can be shared both internally across the bank and externally with third-party software developers."
"It will help us extend our reach to not only our customers but potential customers as well, while creating a better user experience." he added.