Monetary Authority of Singapore issues first set of data APIs

The Monetary Authority of Singapore (MAS) today announced that it is publishing 12 sets of data from MAS’ Monthly Statistical Bulletin as Application Programming Interfaces (APIs) on the MAS website.

  0 Be the first to comment

External

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

These include frequently accessed datasets on exchange rates and interest rates.

2 MAS’ APIs provide financial institutions and application service providers more opportunities to serve their customers better. For example, financial institutions that use MAS’ data to benchmark themselves against the industry, can use these APIs to minimise costly manual data entry; application service providers can create applications to compute exchange rates to help companies file tax returns. Users can also automate the extraction of MAS’ data and illustrate trends easily and quickly with these APIs.

3 Mr Lawrence Ang, Executive Director of Information Technology Department at MAS, said, “MAS has been encouraging financial industry players to publish open APIs on their datasets, to allow users to connect information and offer innovative solutions. MAS is leading by example through the launch of these 12 APIs. MAS will progressively publish more datasets as APIs in the coming months.”

Sponsored [Webinar] Entering the Originate-To-Distribute era: Exploring commercial lending and portfolio diversification

Comments: (0)

[New Report] The Future of Payments in Major Global Markets: A Mid-Decade ReviewFinextra Promoted[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review