The global bank HSBC has introduced an Application Programming Interface (API) Developer Portal, which will provide their customers with direct access to a suite of tools with which they can integrate the bank’s API solutions into their own products; alongside the utilisation of a secure testing environment.
“APIs are the future of corporate-to-bank connectivity, and the launch of our Developer Portal is the natural next step,” comments Nadya Hijazi, Head of Digital, Global Liquidity, and Cash Management at HSBC. “By opening up our API suite to customers and developers, we’re enabling them to rapidly integrate our solutions into their own products. Embedding our insights into customers’ own businesses will make them more resilient, and less dependent on the limitations of their own technology.”
The portal enables customers and developers to easily find the right APIs for their business needs, access the technical documentation, and test out APIs in the test environment, enabling rapid integration into their own products.
Initially, the portal will provide access to treasury payment and account information APIs, and a number of APIs for trade processing, custody holdings, bank guarantee status, and global disbursements. The portal also allows third-party providers in the 15 markets where Open Banking Regulation has been implemented to access payment and account information APIs for retail, business, and corporate banking.
HSBC is expected to enhance the portal with more API solutions over the coming months, and will continue to make alterations to the customer and developer experience. Eventually, the portal will house all of the bank’s regulatory and non-regulatory APIs.
Malcolm Leach, CTO at Flagstone Investment Management Limited, the UK-based cash deposit platform that became the first HSBC customer to register to the new portal, said, “Pushing the boundaries of technology helps us deliver greater value to our clients, and HSBC’s API Developer Portal gives us access to the right APIs to streamline our integration with the bank. As a result, we spend less time working on the technical detail, and we are free to focus on our enhanced proposition.”
