BIDV announced on August 23 its selection of IBM API Connect as the platform to build a new API management system to maximise the digital banking experience of its clients.
IBM API Connect is an API platform that is complete, modern, intuitive, and expandable, allowing one to securely create, view, manage, and develop businesses from APIs on cloud types, that will deliver digital applications and drive innovation for customers.
Using IBM API Connect, BIDV can implement an integrated network from which the bank can offer API services to fintech companies and quickly establish connectivity to provide new services to its customers.
The API-supported architecture will enable BIDV to expand its ecosystem for different types of customers, such as retail consumers, large businesses, or small- and medium-sized enterprises, through the Open API system.
|By applying open banking services, the bank can easily exchange information with its partners and offer improved services to its customers.
By applying open banking services, the bank can easily exchange information with its partners and offer improved services to its customers.
Explaining that IBM has been a trusted partner of BIDV for many years, and why the choice of IBM API Connect is an important part of the digital transformation strategy at BIDV, Nguyen Chien Thang, director of the Centre for Digital Banking Development, said, “BIDV has selected IBM API Connect for its stability and reliability, which has been successfully applied at many banks across the globe.”
Nguyen Tuan Khang, country manager, Software Group, IBM Vietnam said, "IBM is excited to be part of BIDV’s transformation journey through the deployment of IBM API Connect for its open banking strategy. API Connect will help BIDV to connect, automate, and digitally transform businesses. It enables the sharing of business data between applications and services securely with the ecosystem.”
“IBM API Connect is a complete and scalable API solution that enables the bank to adopt a robust API strategy that can power digital apps and spur innovation in real-time,” Khang added.
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