UAE’s leading financial institution Mashreq Bank has become the region’s first bank to launch an active Application Programming Interface (API) developer portal to promote the development of innovative digital journeys of customers.
According to the statement, the platform allows business and fintech developers to browse APIs, test them in a safe environment, and leverage Mashreq’s APIs in their own apps.
Mashreq’s first flagship API product NEOBiz Connect allows licensing authorities to enable customers to transmit a full NEOBiz application directly from their own digital platform in a single click. Further, NEOBiz, which is Mashreq’s exclusive digital bank for SMEs, will help to support the growing SME ecosystem in the UAE.
Fernando Morillo SEVP Group Head – Retail Banking Mashreq Bank
“APIs are at the heart of today’s digital revolution and have transformed the traditional customer experience across the world. They provide vital functionality for companies as they seek to develop new and innovative digital journeys for customers, as well as more personalized experiences. Signing up to the Mashreq API Developer Portal will allow users to browse our available API products, and encourage development, engagement, and API innovation. These provide a crucial environment for the advancement of the digital economy and in transforming the digital banking landscape in the UAE.”
The development and launch of this active API developer portal, which is already packed with API products, marks a turning point in finance innovation. “Not only will more APIs become regularly available, but companies and customers will have the ability to bring their own API ideas to the portal, creating an ever-richer ecosystem of API innovation and adoption,” as per the statement.
“The launch of the Mashreq API Developer Portal is a reflection of Mashreq’s dedication to fostering and promoting continuous innovation within the banking eco-system. Mashreq will be the first bank in the region to have an active API platform that will enhance the user experience in innovative ways. Now, with NeoBiz Connect opening a business banking account with Mashreq will be very fast and seamless,” commented Mr. Vikas Thapar, Head of Business Banking and NEOBiz.
