Application Programming Interface Exchange

The Application Programming Interface Exchange(APIX) is a global fintech platform.[1][2][3][4][5][6][7][8]

Launch

APIX was officially launched by Narendra Modi, Prime Minister of India and Tharman Shanmugaratnam, Deputy Prime Minister of Singapore at the Singapore FinTech Festival in 2018.[9][10][11]

Development

APIX was developed by Boston-headquartered Virtusa with the help of its software engineers from Hyderabad, Colombo, and London.[9][10][11]

Global reach

The target market for APIX is the estimated two billion people who are without bank accounts around the world.[9][10][11]

APIX has been designed to help banking institutions in reaching out to more people without bank accounts across 23 nations, including 10 ASEAN members as well as major markets like India and nations like Fiji.[9][10][11]

APIX is expected to cater the needs of smaller banks and people living in Tier 3 and 4 cities and remote regions.[9][10][11]

References

  1. ^“PM Narendra Modi’s keynote address at the Singapore FinTech Festival”. Business Standard. November 14, 2018. Retrieved August 10, 2020.
  2. ^“Narendra Modi in Singapore Highlights: PM calls for early conclusion of Regional Comprehensive Economic Partnership”. Hindustan Times. November 14, 2018. Retrieved August 10, 2020.
  3. ^“PM Modi pitches India as favourite investment destination at Fintech Festival in Singapore”. The Economic Times. November 14, 2018. Retrieved August 10, 2020.
  4. ^“PM Modi Arrives In Singapore For East Asia Summit”. NDTV. November 14, 2018. Retrieved August 10, 2020.
  5. ^“In Singapore, Modi tells world’s fintech firms: India is your best destination”. India Today. November 14, 2018. Retrieved August 10,2020.
  6. ^“Narendra Modi in Singapore: At Fintech Festival, PM cites Aadhaar, UPI; says inclusive growth stems from digitisation in India”. Firstpost. November 14, 2018. Retrieved August 10, 2020.
  7. ^“PM Narendra Modi delivers keynote address at fintech festival in Singapore, praises Aadhaar scheme, Jan Dhan Yojana”. The Times of India. November 14, 2018. Retrieved August 10, 2020.
  8. ^“PM Modi hard-sells India to global FinTech firms”. Deccan Herald. November 14, 2018. Retrieved August 10, 2020.
  9. ^ Jump up to:ab c d e “Prime Minister Modi launches APIX technology in Singapore”. The Economic Times. November 14, 2018. Retrieved August 13, 2020.
  10. ^ Jump up to:abc d e “Prime Minister Narendra Modi launches banking tech platform in Singapore: all you need to about the platform”. QRIUS. November 16, 2018. Retrieved August 13, 2020.
  11. ^ Jump up to:abc d e “India prime minister says financial tech needs to be a ‘movement’ — not a ‘mechanism'”. CNBC. November 14, 2018. Retrieved August 13, 2020.

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