YES BANK has announced the launch of YES Fintech Developer, India’s largest API sandbox with 50+ virtual APIs at Bengaluru, marking the evolution of the bank’s technologies to Open Banking.
YES BANK was the first Bank in India to launch APIs that allowed integration with the technology systems of corporate clients.
The sandbox builds on the bank’s strategy of using API banking as an enabler to customize digital solutions for its clients. This will not only help corporates, MSMEs and startups to identify ‘best-fit’ APIs based on their sectors but also allow them to test the APIs with their app in a secure environment. The sandbox will enable clients across sectors to visualize multiple banking use cases, customized for their application and understand possible integrations and functionalities of the bank’s APIs.
YES Fintech Developer also provides a boost to the bank’s effort of co-creating innovations with fintechs, startups and the developer ecosystem to enhance customer experience. While API suites from banks have helped such partnerships, it is often difficult for fintechs and startups to experiment with live APIs to build new features and capabilities. The YES BANK sandbox will ease these concerns by providing a secure virtual environment to test, train and develop solutions with banking integrations. Developers can complete integrations in the environment and mimic how their solutions would work in a ‘live’ environment. Once they are comfortable, they can move to subscribing the APIs.
Through the sandbox, YES BANK will grant access to APIs across four usage categories including account management, payments, cards and CRM with operations such as:
YES BANK will work with its clients, the startup ecosystem and the developer community to continually expand portal’s functionalities and the virtual APIs it offers basis feedback.
The sandbox is open to all developers, startups and corporate partners, who are invited to register their interest at www.yesdeveloper.in. Upon registration, once an email verification is completed, they will have access to all APIs in a development sandbox, enabling them to test their ideas.
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