Connect with us

Hi, what are you looking for?


OCBC releases bank data for app development

image005Singapore’s OCBC Bank has released banking data such as foreign exchange rates and ATM locations in an open format to encourage third-party app developers to create suitable apps. This is the first time a bank in Singapore is releasing application programming interfaces (APIs) for the data it holds. OCBC’s APIs are available on its newly-launched developer portal Connect2OCBC. Branch locator and smart card adviser APIs are also available on the portal. The latter informs users the OCBC credit cards that provide discounts at restaurants, for instance. Praveen Raina, OCBC senior vice-president of group operations and technology, said the open APIs will put the bank data to more efficient use as it can be shared both internally across the bank and externally with third-party software developers. He added the bank hopes to spur innovation that would ultimately benefit consumers

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Ashish Singhal has taken charge as the Managing Director & CEO of SVC Bank from September 1. He replaces Ajit E Venugopalan as MD....


Move aims to foster trade, travel, and remittances To step up cross-border payments and remittance flows, the Reserve Bank of India and the Monetary...

Sticky Post

P2P lending comes of age in India P2P lending is gaining a major foothold in India. There is a huge opportunity for P2P lending...