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Raiffeisen Bank introduced enhanced API Marketplace

API Marketplace brings RBI’s developers and its 16.8 million customers closer together

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Raiffeisen Bank introduced enhanced API Marketplace. Source: unsplash.com

Raiffeisen Bank International just launched its group-wide API marketplace recently. This API marketplace plays its role as a platform for engagement with other market players and sends them invitations to build new services and/or products.

The platform will be leveraged by the International bank’s corporate clients the most, as it will embed the banking system into their internal systems. But the retail customers will also find its services useful via third party providers.

The new API market will now offer detailed descriptions of its API products thanks to the extensive optimization. Due to this, immediate access to sandboxes will also be enabled where developers will be able to test solutions in a safer environment for experiments.

Christian Wolf, the Head of Strategic Partnerships and ecosystem at RBI, stated that he is very interested in the methods that developers will use to leverage the new APIs.

While explaining the thought process behind it, he elaborated that it all started with the PSD2 coming into effect just over a year ago. Despite the PSD2 associated APIs, the new API marketplace by RBI will feature beyond regulatory APIs all over the Central and East European markets.

The RBI API, which features multiple developer portals in RBI Group, is going to serve as a single point of access for any player who wishes to join the RBI’s ecosystem.

We’ve reported that recently Santander UK and Personetics have launched a new digital solution called “My Money Manager” with Moura Capital portfolio company, the successor fund of Santander InnoVentures.

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