Standard Chartered Bank, in Saudi Arabia, has unveiled an application programming interface to ensure data security in real time.
Thanks to the new interface, clients and partners will be able to share and integrate data securely.
The kingdom, in line with Saudi Vision 2030, aims to become a regional digital hub. The businesses across any industry in the Kingdom will now be able to connect to a host of new capabilities.
“The launch of our application programming interface/ API accelerates a new era of financial innovation and plays a pivotal role in the increasing development of the Kingdom’s financial sector,” Boutros Klink, CEO of Bahrain and the Middle East at the bank, said.
The application will help in digitizing treasury, integration of banking capabilities into ERP operations, implementing digital business models, process automation, automated reconciliation and enabling point-to-point integration.