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Who We Are

The history of collaboration between Financial Institutions (FIs) and FinTechs (FTs) is littered with unsuccessful collaborations. Financial institutions are often apprehensive about how enterprise-grade the solutions built by FinTechs are.

APIX is purpose-built to transform and radically simplify the FI - FT collaboration process end-to-end. imageThe APIX process allows FIs to:

  • Define their opportunity or challenge 
  • Discover FinTech solution providers from a global marketplace, including published APIs (Application Programming Interface).
  • Dry-run on a state-of-the-art - Software Development Sandbox. The Sandbox has all the necessary APIs, Datasets, and Integration features to develop and test solutions comprehensively.
  • Decide on who to partner with by utilizing the trust framework/tools provided by APIX.
  • Deploy application code developed in APIX sandbox into the FIs own environment, with minimal effort.

On the sidelines of the 2016 Singapore FinTech Festival (SFF), the Chief FinTech Officer of the Monetary Authority of Singapore (MAS) and officials of International Finance Corporation (IFC) of World Bank Group discussed ways to aid the rapid digital transformation of emerging market Financial Institutions (FIs).

It was during this casual conversation, with scribblings on coffee-shop napkins, that the seed of APIX was planted. As a result, a prototype of APIX was launched in 2018, at the SFF, under the ASEAN Financial Innovation Network (AFIN), a social impact initiative backed by MAS, IFC and the ASEAN Bankers Association (ABA). The first production version, APIX 1.0, was showcased in 2019, SFF. Since then, the product has evolved rapidly with new, built-for-purpose capabilities to remove friction between innovation from FinTechs and its adoption by FIs.

As this is a social impact platform, all earnings from fees or grants go to support:

  • Platform Development
  • Platform Maintenance
  • Supporting the FinTech Community and building Industry Expert Network

The solutions are designed for the specific needs of Financial Institutions (FIs) and FinTechs.

Financial Institution:

  • A micro or midsize FI looking to do its digital transformation (DX)  but constrained by resources (budget and human resources)
  • Needs rapid production deployment of solutions in less than six months
  • Build internal innovation and R&D capabilities (we can fully digitise the innovation function at 1/4th the cost, as a white labelled service)
  • Build internal capabilities to discover new solutions, build new solutions, engaging  with the global FinTech community and contribute to the financial sector development
  • Build a bridge between existing legacy infrastructure and the APIX API marketplace to enable FinTech integration and digital transformation

FinTech:

  • Early-stage FinTechs looking to engage cost-effectively with FIs
  • Engage with FIs located in multiple jurisdictions
  • Want to get discovered by FIs
  • Build their profile for accelerating commercial discussions and pitching to investors
  • Access to ecosystem support -  free cloud credits, apply for grants, join hackathons, access investors and other services, including plug and deploy digital infrastructure
  • Hosting of online demos in the APIX Sandbox leveraging the built-in core banking services
Discover APIX Marketplace Dedicated space for FIs to search for Fintech solutions and for Fintechs to search for problem statements and opportunities listed by FIs. Marketplace includes APIs uploaded for both FinTech's and FI's to make API's available to the APIX Sandbox.
APIX Hackolosseum Comprehensive DIY platform to host hackathons, with fully automated workflows for registration, solution submission and judging. Integrated with the APIX Sandbox to allow for "on platform" solution development and demonstration.
Dry-Run APIX Sandbox Cloud agnostic, multi language Integrated Development Environment (IDE) for fast prototyping and solution development augmented with a fully functional open-source core banking system with test data and over 60+ common APIs 
APIX Digital Twinn A ready-to-use operational sandbox replicating FI's back-end systems, pre-built APIs securely exposing the bank's data, and a "live" context to test real-time banking transactions. 
  APIX Digital Currency Sandbox Purpose-built sandbox with a comprehensive suite of APIs for digital currencies
  APIX Responsible AI Sandbox (Q3, 2021) Purpose-built sandbox with a comprehensive suite of APIs for AI applications based on FEAT (Fairness, Ethics, Accountability, Transparency) principles
  APIX API Kart (Q4, 2021) Pre-fabricated, ready to use, end-to-end customer journeys configured for single or multiple business processes specifically designed to assist small and large FI's to accelerate and de-risk Digital Transformation.
Decide APIX Good Fintech (Q4, 2021) Verified information on over 25,000 FinTechs, critical to buying organizations, provided in partnership with BCG to expedite due diligence

Timeline Event
2016 Idea Seeded
2018 MVP Launched, Incorporation as AFIN
2019 Inaugural Market Launch of APIX @ Myanmar
2020 APIX Hackolosseum Launched, APIX 2.0 launched as a Global platform with enhanced sandbox, Oxygen launched - A Knowledge Hub for Financial Technology
2021 APIX Digital Twinn launched, APIX Digital Currency Sandbox launched

Contributing expertise to the APIX platform and moving collaborative innovation forward

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Mr. Ahmed Rehman

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Mr. Alan Lim

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Mr. Calvin Choi

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Mr. Damien Pang

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Ms. Fang Fang Jiang

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Mr. Glenn Gore

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Ms. Jean Tan

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Ms. Kaitlyn Thinn

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Mr. Lowell Campbell

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Mr. Manish Diwaan

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Mr. Matthias Kröner

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Mr. Naveen Kumar

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Mr. Navin Suri

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Mr. Neil Parekh

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Prof. Olayinka David-West

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Mr. Paul Gwee

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Mr. Pieter Franken

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Mr. Prem Iyer

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Ms. Rama Sridhar

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Mr. Sangeet Paul Choudary

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H.E Serey Chea

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Mr. Sopnendu Mohanty

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Ms. Supriya Sen

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Mr. Todd Schweitzer

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Mr. Umang Moondra

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Mr. Ivan Mortimer-Schutts

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Ms. Rachel Freeman

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Ms. Latha Ayyar

Governance

Public Interest Founding Members
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Corporate Founding Members
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Corporate Members
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Strategic Advisory Council

The Strategic Advisory Council (SAC) consists of industry leaders that support the overall development of AFIN and APIX. The SAC will advise the board on matters ranging from technology to global expansion and support AFIN in its journey in using APIX to promote the broader adoption of financial technology innovations for financial inclusion across ASEAN and beyond.

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International Partner Associations

Community partners who signed MOUs with AFIN to help achieve its objectives of providing mutual market access.

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PR and Communications Agency Partner
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