Mashreq Launches API Marketplace to Support Open Banking
Mashreq has launched its next-generation API Marketplace, a platform aimed at providing corporate clients, developers, and fintechs with access to Mashreq's suite of APIs.
APIs, or Application Programming Interfaces, are technical tools that enable data exchange between systems, streamlining how businesses handle payments, receivables, and liquidity.
The platform offers real-time visibility into cash positions and transactions.
'The API Marketplace is a key pillar in our broader digital strategy,'
said Joel Van Dusen, Head of Corporate and Investment Banking Group at Mashreq.
'At Mashreq, we are committed to driving the future of open banking and digital transformation through APIs. Our new API Marketplace is not just a technology platform, it's a strategic enabler that allows our clients and partners to co-create, innovate, and scale faster than ever before.'
The platform includes features such as automated developer registration, case studies, and a flexible subscription model.
It is designed to promote collaboration and agility in digital finance.
The launch aligns with increasing API adoption in the UAE, supported by initiatives like the Central Bank's Open Finance Framework, which encourages banks to adopt API standards and work with fintechs to develop new business solutions.
With this initiative, Mashreq aims to strengthen its role in the region's digital financial infrastructure by offering tools for integration, experimentation, and innovation.
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