DBS Bank has launched the world’s largest banking application programming interface (API) developer platform.
DBS expects the API platform to boost its lead in creating innovative as well as customer-centric experiences by making available a vast array of APIs for other corporates, brands, fintechs and software developers to plug into.
It revealed that there are 155 APIs at launch for Singapore across over 20 categories such as rewards, real-time payments, PayLah! and fund transfers.
“More categories will be added in response to demand,” it said.
More than 50 companies, such as McDonald’s, AIG, PropertyGuru, MSIG, Activpass, Homage, soCash and FoodPanda, have already hopped into the platform.
McDonald’s, for instance, introduced the convenience of PayLah! to its McDelivery customer base, while PropertyGuru allowed its customers to get an instant affordability assessment.
“In Singapore, PropertyGuru helps more than five million people every month to find a home. We constantly deliver on our mission to empower property seekers to make confident property decisions and are very excited to partner with DBS and launch Singapore’s first home loan affordability check,” said Vivek Kumar, Director of Product (Consumer) Technology at PropertyGuru Group.
“Property seekers, while browsing for property options, now have real-time access to their home loan affordability making their search process extremely effective.”
Interested parties can register at www.dbs.com/dbsdevelopers where they will be given tools to connect in a development sandbox.
This article was edited by Keshia Faculin.