OCBC opens developer portal for API access

OCBC opens developer portal for API access

Singapore's OCBC Bank has launched a developer portal and set of open APIs to promote the integration of its data sets and applications with third-party networks and fintech startups working at its Open Vault unit.

At launch, Connect2OCBC provides free access to a branch and ATM locator API, a 'Smart Card Advisor' API (providing recommendations on which OCBC credit card to use for different purposes) and an FX rates programme.

Praveen Raina, SVP, group operations & technology, OCBC Bank, says: "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 is about being social. We want to create a “data social network” which facilitates free flow of certain non-customer data that will benefit any third party and the community as a whole in a secure manner."

The portal features self-serve registration and instant API access, “sandbox” testing environments, documentation, code snippets and reference applications with sample code.

OCBC's initiative is in line with the Government's plans to promote a Smart Nation, and follows the recent announcement by the Monetary Authority of Singapore that it intends to move towards an API-led architecture for regtech.

Comments: (3)

A Finextra member
A Finextra member 17 May, 2016, 11:22Be the first to give this comment the thumbs up 0 likes

Link to the developer page?

Colin Weir
Colin Weir - Moroku - Sydney 17 May, 2016, 11:30Be the first to give this comment the thumbs up 0 likes

Cant see it referenced on the home page. I wonder how important this really is for the bank

A Finextra member
A Finextra member 18 May, 2016, 10:34Be the first to give this comment the thumbs up 0 likes

https://api.ocbc.com

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