DURBAN – Nedbank’s digital transformation, backed by its R2 billion investment in technology, has led to the bank becoming the first in Africa to launch an Application Programming Interface (API) platform which is aligned with Open Banking standards.
The Nedbank API_Marketplace is an easy-to-use, secure offering which allows approved technical partners to create innovative, disruptive solutions that put the client experience first. Using the Nedbank API_Marketplace, technical partners can leverage the bank’s data and financial capabilities and start integrating with Nedbank’s standard, secure and scalable APIs.
"The result [of the Nedbank API_Marketplace] is innovative and exciting products and services that deliver secure, enhanced client experiences in shorter time frames. It is a real-world example of our commitment to deliver innovative, market-leading client experiences," said Fred Swanepoel, Chief Information Officer, Nedbank.
With this latest offering, Nedbank is championing a fundamental shift in banking, placing clients’ data back in their hands and empowering them to decide who to share their data with. This also opens the door for third parties to partner with the bank to provide digital solutions that have never before been seen in the market.
Swanepoel said, “Our mandate is to give our technical partners the tools and security to digitally disrupt. Our technical partners include fintechs, cellular service providers and online retailers".