Standard Chartered has launched its Open Banking Application Programming Interface (API) Developer Portal. This will initially provide a repository of transaction banking API services focussed on cash management, followed by the roll-out of further ones for the bank’s other businesses.

Gautam Jain, Global Head, Digitisation and Client Access, Transaction Banking, Standard Chartered, says: “We are redefining the traditional transaction banking space by being the first 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. This has the potential to fundamentally change how we deliver the bank to our clients.”

Further details here.

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by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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