Axis Bank launches a wide range of API Banking solutions
Mumbai, October 12th, 2021: Axis Bank, India’s third largest private sector bank,in line with its OPEN Banking philosophy,announced the launch of a wide range of open APIs (Application Programming Interface), facilitating itsretail and corporate customers/partners to use banking services integrated across partner platforms. Axis Bank’s API Banking portal has a suite of API products covering 200+ Retail APIs across Cards, Deposits, Accounts, Loans; 51 Corporate APIs across payments, trade, collections, bill payments as well as cross-cutting APIs. This reimagined customer proposition facilitates end- to end simplified digital customer journey with faster integrations.
The Corporate API product suite includes14 Payments, 2 Collections and 11 Trade APIs,offering a digitized corporate onboarding journey, with quicker self-registration, digitized UAT access requests and other features. Also customized APIs for new ideas/use case suggestions, which helps build a stronger business relationship.
Example:It allows companies across e-commerce, food delivery, payment solutions and other businesses to offer financial settlements and other secure financial transactions from their own ERP platforms. The latest range of APIs cover all necessary banking transactions corporates do with their partners and customers on a daily basis pertaining to payments, refunds, payout reconciliation& account management and trade finance, besides other transactions. The APIs will allow Axis Bank’s banking solutions to easily get embedded via direct integration with the customers’ digital systems, without the need fora net bankinginterface.
On the occasion,Sameer Shetty, President and Head – Digital Business & Transformation, Axis Bank said: “With Axis Bank’s focus on ‘OPEN’ Banking initiatives as part of our digital strategy, we are committed to simplifying customer journeys and bringinggreater convenience through constant innovation in our offerings.
Key features of the simplified corporate digital onboarding journey:
Register to use from a wide variety of Featured and API products, by self-registering on Axis Bank’s API Developer portal(https://apiportal.axisbank.com )and test our APIs seamlessly
- Digitally request for UAT access of APIs / Digitally accept IPs and Certificate Signing Request
One no longer has to use the offline methods of raising UAT access request by communicating with a relationship manager. It’s now a digitized way of keying in UAT IP and UAT Certificate Signing Request on API Developer portal, with real time validation, to validate if developers have keyed in the right public IP of the source systems and have uploaded standard format of Certificate Signing Request
- Suggest your use case
Have a new idea that can become a strong business proposition? Suggest your use case and we offer you customized APIs, for a stronger business relationship
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