20 January 2018
visit www.ebaday.com

Standard Chartered debuts API sandbox for corporate community

10 February 2017  |  10484 views  |  1 data migration

Standard Chartered has launched an Open Banking Application Programming Interface (API) Developer Portal with an initial focus on its transaction banking business.

The portal will initially provide a repository of sandboxed transaction banking API services focussed on cash management and progressively rollout other API services for the bank’s other businesses.

Clients and partners will be able to use the developer toolkit to create value added applications by integrating their services with the bank, reducing integration costs and time while enabling collaboration with a wide spectrum of partners including corporates, fintechs and the wider developer community.

Gautam Jain, global head, Digitisation and Client Access, Transaction Banking, Standard Chartered, believes the bank is the first in the industry to launch API services for cash, trade and securities services.

"As the industry moves more towards open platforms, we believe that API banking will become essential in providing value to our clients and partners, while encouraging collaboration between financial institutions and developer communities," he says. "This has the potential to fundamentally change how we deliver the bank to our clients.”

Comments: (1)

Enrico Camerinelli
Enrico Camerinelli - Aite Group - Boston | 10 February, 2017, 11:45

I guess I was wrong when I made my prediction that APIs for transaction banking would be developed not before 2 years from now. Well, this is happening already TODAY!

Read my post on Finextra https://www.finextra.com/blogposting/13610/apis-for-transaction-banking

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

HSBC and NAB open API developer portals

HSBC and NAB open API developer portals

15 December 2016  |  15355 views  |  0 comments | 19 tweets | 17 linkedin
OCBC opens developer portal for API access

OCBC opens developer portal for API access

17 May 2016  |  6731 views  |  3 comments | 3 tweets | 11 linkedin
Former Simple exec joins BBVA as head of Open API

Former Simple exec joins BBVA as head of Open API

24 February 2016  |  8360 views  |  0 comments | 16 tweets | 8 linkedin
Saxo opens trading infrastructure to the API economy

Saxo opens trading infrastructure to the API economy

17 September 2015  |  8384 views  |  0 comments | 12 tweets | 18 linkedin
ING to open API developer portal

ING to open API developer portal

13 September 2012  |  23306 views  |  1 comments
AXA opens API store for developer community

AXA opens API store for developer community

19 March 2012  |  22253 views  |  2 comments
MasterCard to open developer portal

MasterCard to open developer portal

25 May 2010  |  11625 views  |  1 comments

Related company news

 

Related company information

Standard Chartered Bank

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12237 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7547 views comments | 11 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7417 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6650 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job