Dubai – Mubasher: Emirates NBD on Monday announced that it has managed to open banking collaboration with the launch of its API (Application Programming Interface) Sandbox.
This makes Emirates NBD be the UAE’s first lender providing this platform in the Arab region, which comes along with the bank’s digital transformation strategy, according to an official statement.
“Our focus is to co-create and build new business models that offer pioneering solutions, all the while bringing new and differentiated experiences to our customers and employees,” Abdulla Qassem, group chief operating officer at Emirates NBD, commented.
API sandbox is an environment that testers can use to mimic the characteristics of the production environment and create simulated responses from all APIs the application relies on.
“The open banking sandbox environment will be a game-changer and will enable, simplify, and accelerate innovation for the bank’s employees, and partnerships with FinTechs, start-ups, creative developers, academia and SMEs, ensuring faster speed-to-market on digital banking products and services,” Qassem added.
The platform, powered by Virtusa, consists of over 200 APIs and 900 endpoints covering retail, corporate and SMEs.
