Background
SIDGS engaged with a leading Bank in the Philippines to help establish an API practice with a vision to enable the Bank to offer more digital capabilities and solutions to their Commercial and Retail Banking customers. To enable this, the Bank made significant investments in technology (cloud services) and were seeking a strategic-partner to help execute an aggressive maturity plan. Some key objectives of this program included:
- Increase in digital user base to 3 million plus customers within 2 years
- Deliver the Bank’s first API Marketplace to enable their commercial customers to leverage API’s for Money movement, ACH, Account management, and other services
- Meet strict regulatory/compliance requirements via nimble solution delivery
- Future-proof their digital assets by adapting to the Open Banking Standards
