Raiffeisen Bank International launches its enhanced API Marketplace

Raiffeisen Bank International (RBI) has just launched its enhanced group-wide API Marketplace  that serves as a platform to engage with other market players and invites them to build new  products and services. RBI’s corporate clients can leverage the platform and embed banking  services into their internal systems, while retail customers can benefit from new services through  third-party providers.

Due to the optimization, the RBI API Marketplace now offers detailed  descriptions of its API products and enables immediate access to sandboxes where developers  can test solutions in a safe experimental environment. Featuring multiple developer portals in RBI  Group, the RBI API Marketplace serves as a single point of access for any player in the market  who wants to join RBI’s fast-growing ecosystem.  

“I am very interested in the ways developers will leverage our APIs,” said Christian Wolf, Head  of Strategic Partnerships & Ecosystems at RBI. “It all started with the second Payment Services  Directive (PSD2) coming into effect just over a year ago. Today, however, besides PSD2-related  APIs, our API Marketplace features also beyond regulatory APIs across our Central and Eastern  European markets. The aim is to expand these offerings even further and establish a solid base  for the largest banking partnership ecosystem in this region.”  

Delivering superior customer experience in the digital age has already been in focus for RBI in  the last years. Currently, the challenges of the pandemic confirm the importance of allowing  instant, smooth and seamless digital customer interactions across industries, in a safe financial  ecosystem supported by multiple trusted partners.

Therefore, the now more user-friendly API  Marketplace brings RBI’s developers and its 16.8 million customers closer together, enabling  the creation of tailor-made products such as sending money through text messages, seeing all  your family’s financial details in one interface of your choice, getting a mortgage without  leaving your living room or buying an insurance with one click. The optimized RBI API  Marketplace also significantly improves the experience of a new group of partners – the  external developers, which is an important feature of a good collaboration.