Ak Bars Bank opened to the APIBank platform and its partners access to payment infrastructure
| Customers: AK BARS Bank Kazan; Financial Services, Investments and Auditing Contractors: APIBank (TsBP digital bank platforms) Project date: 2019/07 - 2019/09
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2019: Opening to the APIBank platform and its partners access to payment infrastructure
On October 11, 2019 AK BARS Bank reported that it opens to the APIBank platform and its partners access to payment to infrastructure.
Integration of financial technical-startups and the companies about the Ak Bars Bank through open API (open program interfaces of applications) will take two weeks. It will allow partners to create bank services for clients, without being bank, – to open to users accounts in the service, to provide safe transactions to issue the branded cards. Ak Bars Bank already prepares for integration with several partners through the APIBank platform.
 | In development of open banking we see an opportunity to rethink
methodology of work with clients and to develop other business model. Within we carry out works of the Development of Open API direction of Association of Financial That pilot projects which already bring business value to all participants – and to bank, both platform, and her partners. Further we will be able to share experience with the market and the Central Bank and to participate in development of instruments of regulation open banking in Russia, |  |
Within cooperation of Ak Bars Bank directly interacts with the platform APIBank is also responsible for release and service of virtual cards. On the party APIBank is involvement of partners and custom integration with technological companies of different degree of a maturity.
| | Cooperation about the Ak Bars was Bank very dynamic. At bank already was
experience of own developments in the field of open API, therefore its integration technology platform and our solution took only two months. We we aim to bring together as much as possible banks on our platform. It will allow unify standards of connection and data exchange which should correspond to the strategy of the Central Bank of Russia, | |
| | on Open API – very hot and perspective topic for banks and
financial technical-companies. Implementation of open program interfaces applications will allow to build a unified digital medium, to simplify exchange data between participants of financial market. On the platform of Association of Financial That together with market participants "The concept of open API" was developed, including including approach to implementation of open API in Russia, and standards of open API. As the next step we intend to approve technology on real cases of banks and financial technical-companies, . | |
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