Dubai's Emirates NBD launches API developer portal to drive innovation
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Dubai’s Emirates NBD launches API developer portal to drive innovation

Dubai’s Emirates NBD launches API developer portal to drive innovation

The portal grants developers access to a suite of Emirates NBD APIs across six key categories

Emirates NBD launches Application Programming Interface (API) developer portal

Dubai-based Emirates NBD has launched the region’s most comprehensive and ready-to-use financial Application Programming Interface (API) developer portal ‘Emirates NBD API Souq’, which will provide fintechs, developers and corporate clients with an all-in-one ecosystem to rapidly develop innovative financial solutions.

The portal grants developers access to a ready-to-use suite of Emirates NBD APIs across six key categories – account services, payments, collections, real-time notifications, trade services and information services, with a plan to multiply the APIs offered on the portal in the coming months. The integration with the bank and ease of use of the portal allows developers to rapidly identify, test and integrate APIs into their products and services in a highly secure environment, a statement said.

The introduction of Emirates NBD’s developer portal further strengthens the bank’s existing API Banking proposition, which was launched last year to advise clients on how APIs can support their business needs. The portal enhances the existing service by allowing Emirates NBD, its clients and developers to directly create protocols that will improve operational efficiencies, facilitate real-time updates and enhance data driven decision-making. The portal also boasts of categorised Emirates NBD API resources, comprehensive API technical documentation and ‘Sandbox’ capabilities for secure integration.

Abdulla Qassem, group COO, Emirates NBD, said: “As a digital pioneer that has led innovation in the region’s banking sector, at Emirates NBD Group, we continuously seek opportunities to bring groundbreaking technology advancements to the financial services industry and serve our customers, people and communities in innovative ways. Today, APIs are at the core of our open architecture and play a significant role in our digital strategy and leveraging our API-based architecture and experience.”

Ahmed Al Qassim, group head of Corporate and Institutional Banking, said: “ In today’s rapidly evolving business environment, our clients are looking for instant payment facilities, e-commerce support models, direct-to-consumer flows and real time banking solutions. Emirates NBD’s open banking proposition, along with our strong FinTech partnership model, provides all these services and more, helping our clients navigate the transforming industry landscape and supporting them in achieving their vision.

“Emirates NBD’s digital transformation strategy remains fully aligned to the UAE’s vision of harnessing advanced technology to accomplish sustainable long-term growth. We will continue to introduce innovative technology and collaboration opportunities that will drive technological adoption for the benefit of our clients and their customers.”

Read: Emirates NBD Securities launches end-to-end digital onboarding platform

APIs are a set of pre-defined functions that facilitate data transfers between third parties and the bank’s systems in a secure environment, allowing third party companies to augment their complementary specialties and offerings without having to toggle between the banking system and their Enterprise workflow.

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