November 18, 2019
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ICICI Bank, a leading private bank in India, has launched an API portal. The portal includes 250 APIs that allow partners to build innovative banking solutions. The company sees the portal as the next step in moving India towards the Open Banking model that continues to expand around the world.
BancBox, payment services provider, has announced a new service and correlating API: BancBox Crowd. BancBox Crowd consists of the first independent escrow service for debt, equity, and revenue share crowdfunding portals. The service provides an online portal that eliminates the legacy escrow process (e.g. paperwork, waiting, etc.).
Hong Kong's government monetary authority recently released an Open API framework. Further, the government entity announced that it will launch an Open API next week. The framework includes a four phased approach that it expects Hong Kong banks to adopt in compliance with a roadmap.