API Exchange (APIX)
APIX is an initiative of the , a not-for-profit entity that was jointly formed by the Monetary Authority of Singapore (MAS), the World Bank Group’s International Finance Corporation (IFC) and the ASEAN Bankers Association. It is a global, open-architecture platform that supports financial innovation and inclusion in ASEAN and around the world.
APIX was launched by India’s Prime Minister Narendra Modi and Singapore’s Deputy Prime Minister Tharman Shanmugaratnam at the Singapore FinTech Festival on 14 November 2018 to help market players connect with one another, design experiments collaboratively and deploy new digital solutions.
On the global APIX marketplace, Financial Institutions (FIs) and FinTech firms can discover and connect with one another easily and cost-effectively.
The APIX sandbox allows financial institutions and FinTech firms to collaboratively design experiments to validate digital solutions in different scenarios via APIs.
APIX facilitates financial institutions’ adoption of APIs and enables them to rapidly deploy new digital solutions to underserved markets in ASEAN and other parts of the world.