Business

Kuveyt Turk’s API market is among the best platforms in the world

Kuveyt Turk Strategy and Innovation Group Manager Dr. Selman Ortakoy said, “We offer over 80 API services to all developers, especially FinTechs, through API Market.”

Standing out with its innovative products and services, Kuveyt Turk’s API Market, which is offered to companies that want to integrate their banking transactions with their own platforms, has been shown as one of the best platforms in the world by INNOPAY, which provides global consultancy services to companies in the field of digital transactions.

According to the statement made by the company, Kuveyt Turk, one of Turkey’s leading participation finance institutions, has been continuing its contributions to the open banking ecosystem with API Market since 2017. Thanks to the APIs offered by Kuveyt Turk through the API Market Platform, application developers can offer banking services to their customers in their own applications.

INNOPAY, which provides worldwide consultancy services to companies in the field of digital transactions, has prepared the comparison matrix named “INNOPAY Open Banking Monitor” by examining API market platforms in the world and in Turkey. In the matrix, where the open banking platforms of 300 banks from 58 different countries were examined, the platforms were evaluated on the basis of more than 60 criteria. Sharing the most updated version of the matrix in November 2020, INNOPAY deals with the evaluation criteria in two dimensions. Open banking platforms are compared in terms of the functions of the APIs that banks offer on their platforms and the experience of application developers. Kuveyt Turk API Market Platform, which was included in the matrix for the first time in 2019, was shown among the best API market platforms in the category named “Masters in Openness” after the examinations.

In the matrix, Kuveyt Turk became the only bank in Turkey to be in the best category in global open banking. In the said matrix, the platforms offered by the banks are discussed in two dimensions in terms of functional features and developer experience. Thanks to its rich API catalog and API documentation, Kuveyt Turk API Market Platform stands out as an ecosystem where different applications are developed by hundreds of developers.

“We are pioneers in API and open banking”

Kuveyt Turk Strategy and Innovation Group Manager Dr. Selman Ortakoy, whose views are included in the statement, stated that for 30 years, they have effectively brought together outstanding financial products and services with savers and investors. out that they maintain their leading position in the sector with their customer-focused approach, technology-innovation works and steps taken on the way of digital transformation, Ortakoy said, “We offer over 80 API services to all developers, especially FinTechs, through API Market. Thanks to the data sharing offered on the platform, financial technology startups can develop innovative products and services in their applications. Organizations that want to integrate APIs with their platforms, simply apply through the Kuveyt Turk API Market. The fact that our API market, which is also a first in Turkey in terms of scope, is shown as one of the platforms offering the best experience at INNOPAY is a confirmation that we are a pioneer in open banking and API as well.”

According to the information in the statement, Kuveyt Turk provides an environment for application developers to try the APIs they need in a test environment called Sandbox, and serves developers with a very rich portfolio by offering more than 80 APIs in 17 different categories from different product groups.

Source: AA / Translated by Irem Yildiz

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