DBS Bank was the first bank in Singapore to dive into open banking, launching in mid 2015. In just 4 years they have become world leaders in the space. A strong data infrastructure and collaborating with 3rd party providers has seen them execute initiatives around Open Banking which have led to huge successes across multiple areas of the business.
Here they share:
- Transforming from a customer-centric to a partner-centric business
- Partnership development and engagement
- Problem facing and co-creating
- Building solutions to ease integration
- Building the API development portal, DBS Developers : a platform of over 155 APIs across 20+ categories
- Identifying APIs which can be applied to multiple partners
- Onboarding 50+ companies within 4 years to develop solutions for consumers
Jitendra Tekchandani
Head of Open Banking/APIs (Partnership & Program)
DBS Singapore