back Back

Emirates NBD joins hands with APIX Singapore to boost FinTech

By Leandra Monteiro

February 04, 2022

  • API Banking
  • APIX
  • Bank

Emirates NBD, MENATEmirates NBD, a banking group in the MENAT (Middle East, North Africa and Turkey) region, has announced a strategic partnership with FinTech collaboration platform, APIX Singapore. The partnership will provide Emirates NBD access to APIX’s network of financial institutions and FinTechs in Asia-Pacific along with their real-time APIs.

Launched by The ASEAN Financial Innovation Network (AFIN), APIX is a cross-border, open architecture API marketplace and sandbox platform for collaboration between FinTechs and financial institutions in which participants can integrate and test solutions with each other via a cloud-based architecture.

The partnership with APIX will give Emirates NBD access to early and later stage FinTechs in Singapore, driving key discussions in new business models, regulation, public-private collaborations, and transforming the financial technologies framework.

As a part of the strategic partnership, Emirates NBD will also gain access to APIX’s catalogue of member APIs along with templates and API connectors and tools, to support rapid design and prototyping of new products. By leveraging these, the bank can develop solutions that benefit customers through improved customer experience, digitisation of processes and introduction of new products and services.

Commenting on the announcement, Miguel Rio Tinto, Group Chief Information Officer, Emirates NBD said, “As the first bank in the Middle East to team up with APIX, we are excited to discover and collaborate with international FinTech players in Singapore to bring new opportunities and drive Fintech innovation in the region. We see this as a chance to stay ahead of the curve and bring our customers best-in-class experiences through new innovative digital products and services.”

He added, “Our partnership is in line with Emirates NBD’s long-term digital strategy, as we continue to lead innovation in digital banking in the region and actively participate in the fintech start-up ecosystem.”

Sopnendu Mohanty, Chief FinTech Officer of the Monetary Authority of Singapore, said, “We are proud and glad to have Emirates NBD join APIX as an essential member. We are confident that with this partnership, our organizations will succeed in our endeavours in building a stronger ecosystem while reducing technological risk and cost by leveraging APIX’s global fintech community and readily available cloud infrastructure.”

Previous Article

February 04, 2022

TotallyMoney integrates open banking with Bud to unlock customer data for better borrowing

Read More
Next Article

February 04, 2022

Bold announces $55m Series B investment to drive transformation

Read More

IBSi Daily News Analysis

digital wallets

March 01, 2024

API Banking

Banking Sector and regulatory framework: addressing India’s growing demand for secure lockers

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

March 01, 2024

AsiaVerify & Visa to bolster digital payments and banking in APAC

Read More

March 01, 2024

FinTech Focus: Catch latest developments of the week

Read More

March 01, 2024

Fimple partners with CR2 to enhance digital banking and payments

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023