A key focus of ASB's API move is addressing real issues in corporate, commercial and rural banking, executive says, in 'bridges not walls' move

A key focus of ASB's API move is addressing real issues in corporate, commercial and rural banking, executive says, in 'bridges not walls' move

By Gareth Vaughan

ASB is yet to fully assess the revenue opportunity its move to become the first New Zealand bank to provide a publicly-facing Application Programming Interface (API) framework and portal will create, Russell Jones ‎the bank's executive general manager for technology and innovation says.

ASB announced the API move late last month, saying it would initially provide access to interest rate feeds, foreign exchange rates, and ASB ATM and branch locations, initially, for the likes of developers to use in their applications. Jones and ASB chief architect James Bergin describe the move as a “bridges not walls” approach to how banks share information.

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