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BREAKING NEWS
100Days: Thirike, Neestream and Gopi Make their Way into the India Book of Records
ACC and Adani Foundation Empower Rural Youth Through Skill development
Lux Cozi Steps Boldly into Women’s Wear with Pynk
India Neutralises Pakistan Air Defence System in Major Retaliatory Strike
15 Civilians Killed in Pakistan’s Heavy Shelling Along J&K LoC
Operation Sindoor: Pakistan Shuts Down Flight Operations in Major Cities
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  • Federal Bank Launches Open Banking Platform

    By NE Reporter on February 7, 2019

    KOCHI:
    Federal Bank has launched an Open Banking platform which enables start-ups and fintech companies to consume the Bank’s APIs and innovate new products and integrate various banking services.

    This platform will help corporates, fintechs and start-ups create value by way of smart integrations. The Open APIs and a simulated environment to build and test applications will enable aspiring fintech start-ups to create innovative financial solutions.

    The Open Banking platform allows entities to explore various APIs which help address various business requirements of fund transfers, smart collections, UPI payments, digital credit or account opening. This will help derive great dividends in terms of digitisation, automation, reduction of manual overhead and errors and improving TAT.

    The Open APIs and a simulated environment to build and test applications will enable aspiring fintech start-ups to create innovative financial solutions. Federal Bank has a proven record in deploying the best digital infrastructure for catering to its clientele in the best possible manner.

    More than 16% of India’s total foreign inward remittances is powered using Federal Bank’s API platform. Integrations with several fintech companies and corporate business houses including Google Pay for its digital credit solutions using this platform are testimony to the benefits it derives. Current users of Federal Bank’s APIs include Airtel, Seynse Technologies, Google Pay and other key fintech companies, that encourage the development and uptake of APIs. For details, please visit https://developer.federalbank.co.in/.

     

    Iscea

    NE Reporter

    account openingbanking servicedigital creditFederal Bankfinancial solutionsfintech companiesfund transfernew productsOpen Banking Platformsmart collectionsstartupsUPI payments

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    • ACC and Adani Foundation Empower Rural Youth Through Skill development
    • Lux Cozi Steps Boldly into Women’s Wear with Pynk
    • India Neutralises Pakistan Air Defence System in Major Retaliatory Strike
    • 15 Civilians Killed in Pakistan’s Heavy Shelling Along J&K LoC
    • Operation Sindoor: Pakistan Shuts Down Flight Operations in Major Cities

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    • ACC and Adani Foundation Empower Rural Youth Through Skill development
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    • India Neutralises Pakistan Air Defence System in Major Retaliatory Strike
    • 15 Civilians Killed in Pakistan’s Heavy Shelling Along J&K LoC
    • Operation Sindoor: Pakistan Shuts Down Flight Operations in Major Cities

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