One of the First in Indonesia, Technology-based Open Banking Service from Danamon for Customers’ Convenience
Jakarta, 30 November 2018. PT Bank Danamon Indonesia Tbk (Bank Danamon) launched Application Programming Interface (API) Central, also known as open API or open banking, which enables customers to connect directly with the Bank when performing either financial or nonfinancial transactions. This service answers the need to be fast and agile in the digital age, whereby banks are called upon to provide digital services that is fast, secured, and convenient. With API Central, the connection between customers and Bank Danamon can be formed faster, allowing better business relationship and customer experience.
“Bank Danamon continues its commitment to provide the latest technology that can support financial inclusion as well as contribute to digital technology progress in Indonesia,” said Bank Danamon Chief Information Officer, Mary B. James. “We are confident that, with solid integrated technology, API Central will provide additional values to our customers and enhance customer experience, without compromising speed, security, and convenience,” she added.
Through API Central, Bank Danamon is better equipped to continue its role as a banking partner that focuses on meeting the rapidly evolving customer’s demands, which increasingly require the Bank to be technologically agile and flexible.
“Based on a report published by Temasek Southeast Asia, there are currently 350 million internet users in the region in which Indonesia has 150 million users with a significant number of transaction volume at USD 27 billion. Taking into account the high potential in various sectors in Indonesia, the value of digital transaction within the country is projected to reach USD 100 billion in 2025. This is one of our motivations to launch API Central, which targets Fintechs, marketplace, and online retail as well as payment gateway as the main market share,” said Elisa M. Halim, Transaction Banking Product Head, Bank Danamon. In addition, corporate, commercial, and financial institution customers can use services from API Central to connect with the Bank.
Moving forward, Bank Danamon will continue to develop and complement the service package in API Central. Currently, Danamon provides seven main services in API Central, which can be accessed at https://developer.danamon.co.id/. At this website, customers can learn more on the service package offered by Danamon, in addition to conduct testing in a secure environment sandbox.