DBS unveils “the world’s largest” banking API developer platform
Singapore-based DBS has launched its API developer platform, which it describes as “ the world’s largest” in the banking space.
The platform has 155 APIs for the Singapore market across 20 categories, including fund transfers and the bank’s peer-to-peer (P2P) payment service, PayLah!.
The bank says it has over 50 successful collaborations already. Among them is a tie-up with a local property site, PropertyGuru. Customers searching for real estate on the website can get an instant assessment to see if they qualify for a mortgage with DBS.
“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,” states David Gledhill, CIO and group head operations, DBS. “This has given us an edge – enabling us to operate with fintech-like ability and nimbleness, and also platform-like inclusiveness.”