Emirates NBD, a banking group operating in the Middle East, North Africa and Turkey (MENAT) region, has partnered with FinTech collaboration platform APIX Singapore to further FinTech innovation.
Under the collaboration, Emirates NBD will gain access to APIX’s network of FinTechs and financial institutions in the Asia Pacific and their real time APIs.
APIX is a cross-border, open-architecture API marketplace launched by the ASEAN Financial Innovation Network (AFIN). The platform is used by FinTechs and financial institutions to collaborate, integrate and test solutions using a cloud-based architecture.
According to APIX, 2021 was the biggest year for FinTech funding in Singapore, with 43 FinTechs receiving funding of over $725m in just the first half of the year, making it a ripe market for innovation.
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.”
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