Frequently Asked Questions

APIX stands for API Exchange, brought to you by Synfindo.

APIX owns and manages various products:

• Marketplace: A marketplace which showcases APIX members; Financial Institutions' problem statements, FinTechs' APIs and solutions
• Sandbox: A collaborative development and test platform for rapid prototyping of FinTech solutions
• Hackolosseum: A platform that provides institutions a Future-ready, Inventive and Top-quality hackathon hosting infrastructure
• OXYGEN by APIX: One and only knowledge platform dedicated to the digital economy, platforms and ecosystems committed to mastery in sharing knowledge and developing the leaders of tomorrow globally
• chekFIN: A fully digital lending journey, for Financial Institutions
• Pre-Fab: A directory of verifiable information on FinTechs, and a collaborative DLT based registry of key engagements of the industry stakeholders with FinTechs

The APIX platform was developed by a consortium that includes Percipient and Brankas.

The APIX platform is a cross border Innovation platform which allows Banks/Financial Institutions to discover FinTechs that operate in their region and rapidly incorporate the Fintech in MVPs that create business value.

The scope of the APIX platform extends beyond that of a traditional sandbox. It supports the entire Innovation lifecycle including Discover, Design and Deployment phases. APIX allows:

• Banks and Financial Institutions to discover FinTechs,
• FinTechs to identify potential clients.

The platform enables collaboration through the APIX IDE and ultimately deployment to cloud environments and Git repositories.

As organizational account holders, you can:

• Onboard your users,
• Post business problems,
• Find FinTechs/FIs to partner with
• Experiment with APIs in our visual code-based IDE

If you have any further questions that have not been addressed on this FAQ page. You can send us an email at support@synfindo.com and we will respond to you as soon as possible.

Within the Marketplace, you will be able to discover problems posted by Financial Institutions and share your innovative ideas to these existing problems. You can also explore the different FinTechs in the platform along with their solutions and APIs provided.

At the Sandbox, you will be able discover a large catalog of APIs which can be purchased by the users in the platform. The purchased APIs can be utilized to implement solutions. Users can also post reviews and feedback on the purchased APIs.

Any Financial Institution, FinTech or Developer within or outside the ASEAN region can be onboarded to APIX. All participants will undergo a structured approval process to assure that we maintain a community of trusted partners.

The APIX platform enables FinTechs to improve their visibility, build trust and promote commercial partnerships with Financial Institutions across the globe.

As a FinTech, being a part of the APIX platform accelerates and reduces your cost of business development with new banking partners. APIX simplifies collaboration, co-design and integration with other parties across a growing ecosystem. The platform enables experimentation, testing and validation in a secure environment.

A generic email address is recommended, for example - admin@company.com

No. The organization needs to be onboarded by a responsible person (Org Admin) who is able to provide relevant data about the organization during the registration process. Once the organization is approved by APIX, additional members can be invited by the Org Admin.

Yes. APIX will review your profile completion, C-level team's information, technology details etc, before approving.

Our team will process your organisation and get back to you.

After registration, organizations will go through a quick approval process. Once the organization is approved, it will be able to start inviting new users. The users will receive an email invitation which they will need to click on, and change their password, to get access to the platform.

To invite new users to APIX, click on the "human" icon at the top right corner. Under the drop-down list, "My Organization", select "Manage Team Members". You will be redirected to User Management page, and. you will be able to invite a member from there.

Only an organization administrator can post a problem statement. Do note that every problem statement posted will show the publisher's name and the organization's name. There is no option to publish a problem statement anonymously. 

There are 5 account types [FinTech, ESG, Financial Institution (FI), Developer and Other]. Each type requires different information to sign up. Click on the links to learn more.

• FinTech and ESG
• Financial Institution
• Developer
• Others

Make sure that your organizational profile is up-to-date and accurate. Maintaining tags, categories and keywords in your descriptions will improve your chances of being searched for in the Directory(Marketplace).

FinTechs that have been onboarded to the platform can be discovered in the Marketplace (Fintech Directory). You could use filter your search based on the selected categories, or simply by typing a keyword in the search bar.

• Private APIs are not exposed to third parties.
• Public APIs, or open APIs, are published openly and can be used by any third-party.There are no restrictions on these APIs.
• Partner APIs can only be used by specific parties with whom the company agrees to share data.
• Partner APIs are used within business relationships, often to integrate software between partnering companies.

APIs are made up of two related elements.

The first element is a specification that describes how data is exchanged between programs.

The second element is a Software Interface written to the specification (first element) and published for use. Softwares that want to access the features and capabilities provided by the API will have to "call" the API, and the softwares that create the API will "publish" it.

A Swagger is a set of open-source tools built around the OpenAPI Specification that helps developers to design, build, document and consume REST APIs. The major Swagger tools include :

• Swagger Editor – a browser-based editor where you can write OpenAPI specs.
• Swagger UI – which renders OpenAPI specs as interactive API documentation.
• Swagger Codegen –which generates server stubs and client libraries from an OpenAPI specifications.

Any update made on the APIs will only be visible once the APIX Admin has approved the changes.

No, there is no limit to the number of APIs you can subscribe to.

Contact us at contactus@synfindo.com.

The API page provides comprehensive information about APIs and will enable potential users to understand the APIs functional and technical profile. Based on this information users will decide whether the API is relevant and whether they should subscribe to it.

Yes, you can submit multiple versions for your API. You may also deprecate any outdated versions.

You must subscribe to the API in order to view the API Console and try out the API.

Click on the "My API" sub-menu provided at the Sandbox tab. Select the API that you would like to update the API profile page on and click on the edit button respectively. Now you can edit the information on the API profile page respectively. Your changes will be approved by the APIX admin before being published in the profile page.

Click the "API Publisher" sub-menu in the "Sandbox" tab. Select the relevant API you would like to update. Then navigate to the API console and select the version of the API you would like to update. Click the "Edit" button and update the relevant information. Alternatively, you can add a new API version by clicking the "Add Version" button.

You can find contact about the publishers of the APIs in the Directory (Marketplace).

Yes, you can upload your Non-Disclosure Agreement (NDA) or SLA directly.

The API Console is where you can view and try out the Endpoints for a particular APIs.

You can try out each API after subscribing to their own console. Further, in the sandbox, you can integrate multiple APIs and access your dataset together to quickly implement a MVP.

Search for the API you are looking for under Marketplace, once displayed, click on the API tile and you will be redirected to the API console. Subscribe to the API and you will be given more options to Try Out. Follow the instructions provided by the publisher on how to test the API.

You will have to externally modify your Swagger file and reupload as an updated version onto the portal.

Users can access your APIs based on the API credentials that were defined during onboarding of the API. Based on this, users will be able to view the respective access token in the API. That is, 1. External Credentials - Users will be provided with the URL in the "APIX Access Token" tab in the API detail page, where the token can be generated from. 2. Shared Credentials - Users will be provided with the defined pre-generated token in the "APIX Access Token" tab in the API detail page.

The Independent Developer Environment is a Sandbox space where a developer can create and edit code, integrating APIs from the platform to experiment and develop use cases.

APIX IDE is based on Microsoft Visual Code. You can use browser based IDE or you can set it up in your computer as well. To setup in your computer.

1. Download and Install Microsoft Visual Code IDE (https://code.visual studio.com/download)
2. Install APIX VSCode Extension (https:// marketplace.visualstudio.com/items?itemName=xLabs.apix-vscode- ide-plugin)
3. Start development by configuring the APIX VSCode Extension

IDE has Java, Node.js, Python, GoLang pre-preinstalled. You can use any of these languages. Additionally if you are using Node.js, APIX IDE extension can be used to generate the API try-out code blocks with clicks. You should have basic Node.js knowledge to use this functionality.

You can import/export code from your source code repository into the IDE and use it.

Go to the IDE and create an instance. These instances are like containers where you can work on different experiments.

You may create multiple instances - Each instance is up for 30 days.

Yes. When you create the instance, you can define a link and password which can be shared with anyone to access and collaborate on your work.

The Instruction links can be found on the IDE welcome page once you have logged in.

Click on the icon on the left vertical menu. Or you can open Terminal by clicking View > Terminal from the IDE menu and use git cli commands.

Make sure `APIX IDE` extension is configured and `apix.json` has required credentials. Click on the icon on the left vertical menu, which will show you subscribed, published and external APIs which you have added.

Java, Node.js, GoLang and Python is pre-installed. You can explore the section on the welcome page to install tools to support Javascript, Angular, Python, C/C++ and many others languages.

In the welcome page, click on Select from the options that appear, and provide the information as prompted.

In the welcome page, click on or click icon in the APIX Extension. Select from the options that appear, and provide the information as prompted.

Once you have configured your credentials the apix.json` credentials will be encrypted. When the IDE Extension is in use, it will automatically update the apix.json with the encrypted password.

Swagger 2, Open API 3.0 Node.js code generation is supported. You are welcomed to write your own code too.

Yes, In addition to the APIs you have subscribed to, APIs published by your organization will be available in the IDE.

Yes, external and/or public APIs are supported. You will require the following information:

• API Name
• Swagger URL for the API

This can be achieved in two ways:

• You can expose your dataset through an API and onboard your dataset and API, or expose just the API onto the portal as a hosted or passthrough API.
• You can directly call an external API from within the IDE.

There are multiple ways to achieve this:

• You can expose your dataset through an API and onboard your dataset and API, or just expose the API onto the portal as a hosted or passthrough API respectively.
• You can directly call an external API from within the IDE
• You can link your dataset as an external DB through a third party node library (such as MySQL, Oracle, MSSQL).

Make sure your web application or API server is using port 4200. Then it will be accessible using the app domain of your IDE. Ex: If your IDE URL is https://ideMyIDEName.services.apixplatform.com, App domain URL is https://app-MyIDEName.services.apixplatform.com

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Contact us at contactus@synfindo.com

Click here to view/ download the Hackathon Registration - New User Guide.

Click here to view/ download the Hackathon Registration - Existing User Guide.

chekFIN is a Global Fintech Registry aiming to assist Financial Institutions (FIs) in identifying and evaluating Fintech companies for collaboration and development opportunities.

It is created in collaboration with Temasek-founded Affinidi.

chekFIN tracks 27,000 FinTech firms globally using technology built by Affinidi, a firm that builds global ecosystems centered on identity and data using Web 3.0 principles. Multiple categories and a comprehensive taxonomy and tagging system ensures easy navigation and relevant search results.

Take advantage of a wide range of aggregated information such as detailed profiles in one place.

•  Information includes:
• Basic Information
• Management Team
• Client Offering
• Funding
• Technical Details
• Verified Credentials

FinTechs submit a Technology Risk Management Self-Assessment Checklist. The checklist covers entity-level controls such as risk assessment, information and communication, monitoring and practices related to sub-contracting. It also covers general IT controls such as logical security, physical security, change management, incident management and backup and disaster recovery. With the data collected, you can easily evaluate and compare technology compliance, risk-management readiness and security standards across relevant FinTechs.

Assess potential partner’s digital reputation and credibility with our consent-driven and cryptographically secure Verifiable Credentials (VCs). Built on Web 3.0 tech stack, VCs are digital certificates that include references from customers, awards won and grants received.

Contact us at contactus@synfindo.com

Scalable open-source composable banking solutions that can help power banks, e-wallets and lenders.

APIX provides Pre-Fabricated customer journeys constructed using the APIs available on the platform and invites Financial Institutions to partner with our FinTech members to create and optimize these customer journeys as per their requirements.

Drop us a message at contactus@synfindo.com and we will be in touch with you.

APIX Sandbox is a collaborative Integrated Development Environment (IDE) that simulates the characteristics of a bank-grade production environment. It allows developers to plug their API codes with other APIs from APIX Marketplace to create innovative solutions for the financial services industry. The Sandbox also offers an interface to a live Core banking application and the ability to import or export data via external sources like GitHub.

APIX Sandbox contains a large catalog of APIs to which users can subscribe. FinTechs and Developers can use this Low-Code/No-Code environment to create and edit code, and integrate APIs across different solution domains such as core banking, payments, digital currency and many more. Data can be provisioned in a secure environment by the Financial Institutions to validate the efficacy of the solutions tailored.

• To get started, create a sandbox instance for yourself. Each instance is your private and secure area where you can easily work on different experiments. You can also collaborate with your team using GitHub or other source code version control systems of your choice.
• Major partners of APIX have provided you access to their cutting-edge domain-specific technologies via APIs. You can find these APIs, as well as other core banking APIs, in the list below. You are free to leverage as many of these APIs as you like in your development and experimentation journey

There are four exclusive types of sandboxes on the APIX that serve different purposes.

• The APIX Standard Sandbox - FinTech solutions
• The APIX Digital Currency Sandbox - Digital Currency solutions
• The APIX AI Sandbox (Veritas) - Solutions that validate AIDA (Artificial Intelligence and Data Analytics)
• The Equinix Sandbox - FinTech solutions

For more information, please visit the individual pages on the menu bar.

APIX PLATFORM USER AGREEMENT – SUMMARY

Who is Synfindo?

Synfindo Singapore Pte Ltd Ltd (Synfindo) is providing a wide variety of products and services to help financial institutions access innovation by searching for, discovering and collaborating with innovative financial technology companies and developers. Synfindo aims to facilitate collaboration between fintech providers and financial institutions and promote financial sector innovation and inclusion across Asia.

APIX is the brand name of the platform operated by Synfindo.

What is the APIX Platform?

The API Exchange (APIX) platform is operated by Synfindo. It is the world’s first cross-border, open-architecture API market place and sandbox platform on the cloud for collaboration between financial institutions and fintechs.

The APIX Platform provides:

• Equal, simple access to fintechs and financial institutions for discovering each other;

• A catalog of member APIs along with templates, API connectors and tools to support rapid design and prototyping of new products;

• A collaborative ecosystem of business and technology developers;

• Opportunities for your employees to build skills for innovation; and

• A secure testing and development platform.

Users can access the APIX Platform via secure login on https://apixplatform.com.  Your company may register to access the following services:

•The APIX Community Platform: a network to share ideas, solutions and market opportunities;

•The APIX Global FinTech Marketplace: via which you can discover new FinTechs, ideate on your business problems and search for pre-built solutions; and

•The APIX Sandbox: in which you can publish and distribute or find and subscribe to API services, experiment, test, collaborate around the development of new services, using development tools, integration services, synthetic data and standard banking API simulators.

What is the APIX Platform User Agreement?

The APIX Platform User Agreement sets out the legal rights and obligations of Synfindo and the users of the APIX Platform. You will not be able to register for access to the Services on the APIX Platform unless you have executed the APIX Platform User Agreement.  Once you have signed the APIX Platform User Agreement, we may grant you access to the APIX Platform for a Trial Period free of charge.   The start and end-date of this Trial Period is set out on the Contract Coverpage to the APIX Platform User Agreement.

The APIX Platform is made up of three parts:

(a) the Contract Coverpage that you and SYNFINDO will execute.  This includes your contact details and any special conditions that you may agree with Synfindo to supplement or override the General Conditions;

(b) the General Conditions.  These are the standard terms that Synfindo provides to all users of the APIX Platform.  The General Conditions cannot be edited, but you can agree “Special Conditions” on the Contract Coverpage that will supplement or override the General Conditions; and

(c) the Fee Schedule.  This sets out the fees due and payable in respect of the Services provided by Synfindo.  Synfindo reserves the right to increase its subscription fees and additional fees in the future on prior notice.

Eligibility

For FinTechs: FinTechs from around the world  are eligible to apply to join the APIX Platform, to publish their APIs and to consume other Users’ APIs.

For Financial Institutions (FIs): FIs are considered those service providers licensed in a given jurisdiction by a relevant authority to provide financial services to consumers or business users. FIs from around the world  are eligible to apply to join the APIX Platform, to publish their APIs and to consume other Users’ APIs. For the most part FinTechs will be “API Publishers” and FIs will be “API Subscribers”.  However, there may be circumstances where an FI wishes to use the platform to publish APIs and subscribe to other APIs (and hence be both an API Publisher and an API Subscriber for different APIs).

Synfindo maintains standard sets of fees for FinTechs and FIs.    It is at Synfindo’s discretion whether your organisation should be treated as a FinTech or an FI in respect of the standard fee schedules.   In any event, the Fees that will apply are those determined in accordance with the APIX Platform User Agreement that you execute.

About this Summary

We hope that this summary has been useful in your review the APIX Platform User Agreement.  This summary does not form part of the APIX Platform User Agreement and is for information purposes only.  No legal rights or obligations arise out of this summary and if this summary is inconsistent with the APIX Platform User Agreement in any way, the APIX Platform User Agreement will prevail.

APIX PLATFORM USER AGREEMENT

CONTRACT COVERPAGE

GENERAL CONDITIONS

THIS AGREEMENT

1.1       This Agreement is made up of the following documents:

(a)        the Contract Coverpage, including the Special Conditions set out in that Contract Coverpage;

(b)        these General Conditions;

(c)         the Fee Schedule;

(d)        the Synfindo Privacy and Security Policy;

(e)        Synfindo Website Terms of Use;

(f)          the Synfindo Technical Standards; and

(g)        the Synfindo Code of Conduct.

1.2       In the event of any conflict or inconsistency between the different parts of this Agreement, the order of priority shall be as listed in clause 1.1from highest priority to lowest priority.

2.          REGISTRATION

2.1       Your User Account and User Profile

(a)        You must register for a User Account with Synfindo in order to access and use the APIX Platform and the Services.   Synfindo reserves the right to accept or decline a request for a User Account in its sole discretion.  If Synfindo rejects your request for a User Account, no Fees will be payable.

(b)        You agree not to have or register for more than one User Account without express written permission from Synfindo.  Synfindo may by written notice to you immediately terminate any User Accounts which Synfindo believes are duplicates of existing User Accounts.

(c)         To register for a User Account, you must complete a User Profile. You agree to provide true, accurate, and complete information in your User Profile and to update your information to maintain its truthfulness, accuracy, and completeness.  You must update the information in your User Profile if there are any changes.  Synfindo may by written notice to you immediately terminate your User Account if Synfindo believes that false or misleading information has been provided in creating, marketing, or maintaining your User Profile or User Account.

(d)        You consent to your User Profile being shown to other Users and to members of the public on Synfindo’s website.

2.2       Authorised Persons

(a) You may nominate an employee, consultant or independent contractor who you authorize to access the APIX Platform and use the Services on your behalf (“Authorised Person”) by registering that Authorised Person for use of your User Account.

(b) You represent and warrant that:

(i) the Authorised Person(s) are fully authorised on behalf of you to use the Services;

(ii) you will not permit anyone other than an Authorised Person to access the APIX Platform and use the Services;

(iii) your Authorised Person(s) will use the APIX Platform and the Services in accordance with this Agreement and in accordance with all Applicable Law; and

(iv) you are solely responsible for all acts and omissions of your Authorised Person(s) including entering into Service Contracts on behalf of you.

(c) Synfindo reserves the right to limit the number of Authorised Persons who may be appointed by you from time to time.  If Synfindo is of the opinion that an Authorised Person may have accessed or used the APIX Platform in breach of this Agreement, Synfindo may by written notice to you immediately withdraw the access of an Authorised Person to the APIX Platform and the Services and require you to appoint an alternative Authorised Person.

2.3 Verification of User Account and Authorised Persons

The information provided in connection with your User Account and your nomination of Authorised Persons will be subject to verification by Synfindo from time to time.    You are required to provide us with complete and accurate information about your organisation and your Authorised Persons as and when requested by Synfindo for any reason.   You authorise Synfindo, directly or through third parties, to make such inquiries with third parties as Synfindo considers appropriate from time to time in order to validate your identity and the identity of your Authorised Person(s), your location, your email addresses or financial account(s) or any other information provided by your or your Authorised Person(s) in connection with your User Account.

2.4 Access Code

You are required to select a username and password (or other means of authentication) (collectively the “Access Code”) to access your User Account and the Services. You shall be solely responsible for maintaining the confidentiality of the Access Code and security of your User Account and the devices on which the Services are accessed. You agree:

(a) not to share your Access Code with any person who is not an Authorised Person;

(b) that you are solely and completely responsible for any and all acts or omissions that occur using the Access Code or through your User Account, whether lawful or unlawful;

(c) you will immediately inform Synfindo of any unauthorised use of your Access Code, User Account or any other breach of security; and

(d) you accept all risks of unauthorised access to your User Account, data or any other information or content that you or your Authorised Persons provide to Synfindo.

3. SERVICES

3.1 Community Platform

Each time you or your Authorised Users access or use the Community Platform you warrant, represent and undertake that:

(a) you shall pay the applicable Fees in accordance with the Fee Schedule and clause 8;

(b) you have read and agree to be legally bound by and comply with the SYNFINDO Privacy and Security Policy, the Synfindo Code of Conduct and the Synfindo Technical Standards;

(c) you shall comply with all Applicable Laws and regulations with respect to your access and use of the Community Platform; and

(d) you shall not distribute or transmit any Improper Material in the course of your access and use of the Community Platform.

3.2 Marketplace and Sandbox

Each time you or your Authorised Users access or use the Marketplace or Sandbox you warrant, represent and undertake that:

(a) you shall pay the applicable Fees in accordance with the Fee Schedule and clause 8;

(b) you have read and agree to be legally bound by and comply with the Synfindo Code of Conduct, Synfindo Privacy and Security Policy and Synfindo Technical Standards;

(c) you shall comply with all Applicable Laws and regulations with respect to your access and use of the Marketplace and Sandbox; and

(d) you shall not distribute or transmit any Improper Material in the course of your access and use of the Marketplace or the Sandbox.

3.3 Hackathon Modules

If you have opted in for use of the Hackathon Modules (as described in Annex A to this Agreement), you agree that you will use the Hackathon Modules only for the purpose of organising Hackathons and will not:

(a) distribute or resell the AIX Platform and Hackathon Modules software;

(b) use the Hackathon Modules contrary to any restriction stated in this Agreement or Annex A to it;

(c) make copies of the Hackathon Modules software;

(d) use or access the Hackathon Modules on behalf of, or make it available to any third party or allow or permit a third party to do so, whether by timesharing, networking or by any other means except as accepted by Synfindo in writing;

(e) you have read and agree to be legally bound by and comply with the Synfindo Privacy and Security Policy, the Synfindo Code of Conduct and the Synfindo Technical Standards;

(f) you shall comply with all Applicable Laws and regulations with respect to your access and use of the Hackathon Modules; and

(g) distribute or transmit any Improper Material in the course of your use of the Hackathon Modules

3.4 Provision of the Services

(a) Synfindo shall provide the Services in accordance with this Agreement and the Annexures to this Agreement, as may be agreed between Synfindo and the User from time to time.

(b) Synfindo reserves the right to change or modify the whole or any portion of the Services or APIX Platform at any time.  We may also impose limits on certain features or restrict your access to parts of or the entire Services or APIX Platform without notice or liability.

(c) Synfindo may at any time vary or amend the Synfindo Privacy and Security Policy, Synfindo Code of Conduct or the Synfindo Technical Standards by posting the amended documents on the APIX Platform.  Any use of the APIX Platform or Services after the amendment of these documents is deemed acceptance of the amended documents by you. If you do not agree to the amended documents, you have the right to stop using the APIX Platform and Services.

(d) Synfindo may in its discretion display on the APIX Platform an assessment of your User Content or your User Profile, including an assessment of whether the information in your User Profile is fully or partially complete and whether any API included in your User Content has fully or partially met any objective assessment criteria that Synfindo may use for that purpose. If you disagree with Synfindo’s assessments, you may write to Synfindo to request that Synfindo reassess your User Profile or User Content and providing detailed reasons for that request. You agree and acknowledge that Synfindo’s assessments of your User Profile and User Content are made at Synfindo’s sole discretion and Synfindo shall have no obligation to review or amend those assessments for any reason. Synfindo and its Affiliates shall not have any liability to you or your Affiliates arising out of or in connection with Synfindo’s assessment of your User Content or User Profile displayed on the APIX Platform.

4. USER CONTENT

4.1 You represent, warrant and undertake that you own or have all required licences or rights to use, copy and distribute any User Content that you or your Authorised Users may upload or transmit through the APIX Platform or otherwise provide to Synfindo or other Users in connection with the Services.

4.2 You hereby irrevocably grant Synfindo a non-exclusive, transferable, sub-licensable, royalty-free, worldwide licence to copy, modify and distribute your User Content in connection with the APIX Platform or the Services, including the right to display your logo or trademarks that are provided as part of the User Content on Synfindo’s website or in Synfindo’s promotional materials for the APIX Platform and the Services.   Synfindo’s licence to use your User Content survives the deletion or suspension of your User Account but shall terminate at the termination or expiry of Agreement.

4.3 Synfindo may, but has no obligation to, monitor the User Content posted to or transmitted through the APIX Platform.  Synfindo does not endorse any User Content posted or provided by Users.   Any User Content provided by you or your Authorised Persons is subject to Applicable Law including those relating to subject matter, inciting hate, indecency or public protection.

4.4 Synfindo may at any time and for any reason screen, monitor, review, refuse or remove any User Content that violates this Agreement or which Synfindo otherwise considers to be Improper Material. You understand that you may be exposed to User Content that is offensive, indecent or objectionable by using the APIX Platform or the Services and Synfindo is in no way liable for any loss or damage resulting from the use of User Content made available on the APIX Platform or in connection with the Services.

5. RELATIONSHIPS BETWEEN USERS

5.1 Synfindo provides the Marketplace and Sandbox Services to enable API Publishers and API Subscribers to share information and trial services. Synfindo does not actively introduce API Publishers to API Subscribers or recommend API Publishers to API Subscribers.

5.2 Synfindo does not represent, warrant or guarantee the truth or accuracy of any information made available by other users of the APIX Platform, including any User Content displayed in connection with any other user’s User Account.

5.3 You are solely responsible for independently evaluating any User Content available on the APIX Platform, including:

(a) establishing the accuracy of the information displayed in connection with another User’s User Account;

(b) ensuring the accuracy and legality of any User Content;

(c) evaluating the fitness of the API made available by other Users to meet your requirements, including evaluating the stability and security features of that API and the computing environment in which you will access and use the API;

(d) determining the suitability of other Users as a counterparty to a Service Contract; and

(e) negotiating, agreeing to, and executing any terms or conditions of Service Contracts.

5.4 Where Users decide to enter into a Service Contract with another User, a contractual relationship is formed between the Users directly.  Synfindo is not a party to that Service Contract and shall have no liability to the Users in connection with or arising out of that Service Contract. The API Publisher and API Subscriber have complete discretion both with regard to whether to enter into a Service Contract, and with regard to the terms of any Service Contract, provided that any such agreements must not contain terms which would require the Users to act in a manner that is inconsistent with their obligations under this Agreement.  Synfindo does not guarantee that an API Subscriber will pay any fees and charges under the Service Contract and shall have no liability to an API Publisher if such fees and charges are not paid by an API Subscriber.

5.5 Synfindo may elect at its sole discretion, but has no obligation, to become involved in any way in disputes between you and other Users.  You acknowledge and agree that Synfindo is not obligated to provide any dispute assistance in relation to disputes between users in connection with Service Contracts they have entered into.

6. SYNFINDO DATA

6.1 You consent to Synfindo’s collection of information regarding you, your Authorised Users and your use of the APIX Platform and the User Content published on the APIX Platform for the purposes of:

(a) providing you with access to the APIX Platform and the Services;

(b) the development of additional functionalities and the improvement of the existing functions of the APIX Platform and Services by Synfindo or its subcontractors; and

(c) the creation of Aggregated Synfindo Data.

6.2 You acknowledge that information collected in accordance with clause 6.1 and any Aggregated Synfindo Data shall be the sole property of Synfindo.  Synfindo shall collect, store, process, use, retain and dispose of the information collected in accordance with clause 6.1 in accordance with the Synfindo Privacy and Security Policy and clause 8 as applicable.

6.3 Where applicable, you shall comply with all applicable laws relating to data protection or privacy (including the Personal Data Protection Act 2012 (“PDPA”)) in relation to the Services or this Agreement and you shall keep Synfindo indemnified against any breach.

7. LIMITED LICENCE TO SYNFINDO IP

7.1 Subject to the payment of applicable Fees and the other terms and conditions in this Agreement, Synfindo grants you a limited, non-exclusive, non-transferable and non sublicensable licence for the term of this Agreement to access and use the APIX Platform and the Services, including the right to permit your Authorised Persons to access and use the APIX Platform and the Services for your own business purposes.

7.2 You acknowledge and agree that the APIX Platform and the Services and all associated Intellectual Property Rights (“Synfindo IP”) are owned by Synfindo or its licensors (as applicable) and are protected by Applicable Law. Except as expressly stated in this Agreement, Synfindo grants you no other right or license, express or implied, to the Synfindo IP. No proprietary rights are intended to be transferred or conferred by this Agreement. Synfindo reserves all rights to and in the Synfindo IP for Synfindo’s use and disposition at its sole discretion without any obligation to you. The “Synfindo” logos and names are trademarks of Synfindo (the “Synfindo Marks”). For the avoidance of doubt, nothing in this Agreement grants you a right to use any of the Synfindo Marks, regardless of whether they are registered, without Synfindo’s prior written consent. All other product names, company names, marks, logos, and symbols on APIX Platform and the Services may be the trademarks of their respective owners.

7.3 If any third party claims that your use of the APIX Platform is a breach of that third party’s Intellectual Property Rights, you must notify APIX as soon as reasonably practicable.   You must not admit liability or agree to any settlement of that claim without Synfindo’s prior written consent and must permit Synfindo or its nominated representative to conduct negotiations and legal proceedings to defend that claim.  If you have complied with this clause 7.3 and Synfindo is the licensee of the relevant Synfindo IP from a third party licensor, Synfindo shall use commercially reasonable efforts to extend to you the benefit of any indemnities that Synfindo may have with that third party licensor.

7.4 Notwithstanding anything to the contrary in this Agreement, you shall not (and shall procure your Authorised Persons shall not) distribute, display, sublicense, rent, lease, use in a service bureau, modify, translate, reverse engineer, decompile, disassemble, create derivate works based on, the Synfindo IP except to the extent expressly permitted by Applicable Law and only to the extent Synfindo is not permitted by Applicable law to exclude or limit such rights.

7.5 To the extent that there is any software licensed by Synfindo or its licensors from a third party and embedded in, bundled with or otherwise provided to Users under this Agreement as part of or in connection with the Synfindo IP, such third party software shall be used and operated solely with the operation of the APIX Platform and the Services and not as a standalone application or any other purpose.

7.6 If any third party software embedded in, bundled with or otherwise provided to you under this Agreement as part of the Synfindo IP is subject to an open source licence, your licence rights with respect to the Synfindo IP shall be subject to the terms of the open source licence and nothing in this Agreement shall restrict, limit, or otherwise affect any rights or obligations you may have, or conditions to which you or your Authorised Person(s) may be subject, under such open source licence.

7.7 You shall not (and shall procure that your Authorised Person(s) shall not) remove or alter any Intellectual Property Right notices or other proprietary marks or Synfindo or any third party on the Synfindo IP or copies thereof, including without limitation any trademarks, trade names, trade dress, service marks, logos or other similar branding material or any copyright notices without Synfindo’s prior written consent.

8. FEES

8.1 Commencing on the Paid Service Start Date, you agree to pay all Fees incurred in connection with your User Account from time to time.

8.2 You will be invoiced for the Fees in advance, for the billing period mentioned in the Contract Coverpage or, if none stated, for every three months commencing from the Paid Service Start Date.  Each such period shall be a single “Billing Cycle” for the purposes of this Agreement. Fees are non-cancellable and non-refundable.

8.3 Any fees payable to Synfindo are exclusive of all applicable taxes, levies or duties imposed by tax authorities and you shall be responsible for payment of all such taxes, levies or duties (“Taxes”).  If Synfindo is required to make any payments on account of Taxes, you shall indemnify and promptly reimburse Synfindo within five (5) business days of demand all payments incurred by Synfindo together with any interests, costs and expenses incurred in connection therewith.

8.4 All amounts due under or in connection with this Agreement shall be paid in full without any set-off, counterclaim, deduction or withholding within 30 days of the date of Synfindo’s invoice to you.

8.5 Synfindo reserves the right to vary the Fees set out in the Fee Schedule, introduce any new fees at any time and/or change the Billing Cycle, with reasonable prior notice.   Any such change will take effect at the expiry of the last Billing Cycle for which you have already paid Fees in advance.

9. CONFIDENTIAL INFORMATION

9.1 Subject to this clause 9:

(a) each Party (the “Recipient”) shall keep confidential the other Party’s (the “Disclosing Party”) Confidential Information disclosed to it by or on behalf of the Disclosing Party in connection with the access and use of the APIX Platform or Services; and

(b) the Recipient shall:

(i) use the Confidential Information solely in connection with the performance of its obligations or exercise of its rights under this Agreement; and

(ii) take all reasonable measures to secure the Disclosing Party’s Confidential Information against theft, loss or unauthorised disclosure.

9.2 The Recipient may disclose the Confidential Information to its Affiliates and in the case of Synfindo, to Synfindo’s vendors and subcontractors, to whom disclosure is required for the performance of the Recipient's obligations or the exercise of its rights under this Agreement, but only to the extent necessary to perform such obligations or exercise such rights (together the “Permitted Disclosees”). The Recipient shall be responsible for the acts, omissions or defaults of any Permitted Disclosee in relation to the Disclosing Party’s Confidential Information as if they were the Recipient’s own acts or omissions.

9.3 The Recipient may disclose the Confidential Information to a Regulator to which the Recipient is subject if and to the extent that such information is required to be disclosed by that Regulator.  Subject to clause 9.4, the Recipient shall before disclosing Confidential Information to a Regulator:

(a) notify the Disclosing Party of the intended disclosure and the identity of the intended Regulator unless such notification would be a breach of Applicable Law; and

(b) at the request of the Disclosing Party, use its reasonable endeavours to procure that Regulator enter into confidentiality undertakings in favour of the Disclosing Party on terms no less onerous than those contained in this clause 9, and enforce such undertakings at its own cost; and

(c) otherwise use reasonable endeavours to ensure that the Regulator is aware of and use reasonable endeavours to procure that the Regulator complies with the Recipient’s obligations under this clause 9 as if it were the Recipient.

9.4 This clause 9 shall not apply to Synfindo’s disclosure to Regulators of information regarding your usage of the APIX Platform, the Services or User Content if you have indicated on the Contract Coverpage that you consent to Synfindo’s disclosure of such information to Regulators.

9.5 You acknowledge and agree that it shall not be a breach of this clause 9 if:

(a) Synfindo discloses Confidential Information to Synfindo Affiliates or subcontractors without your prior consent or approval, provided that those Synfindo they are subject to confidentiality obligations in respect of that Confidential Information that are no less onerous than those set out in this clause 9; and

(b) your Confidential Information has been used to create Aggregated Synfindo Data and Synfindo shares that Aggregated Synfindo Data with any third party without your prior consent or approval.

9.6 Upon written request by the Disclosing Party, the Recipient will promptly destroy or return the Disclosing Party’s Confidential Information and any copies thereof contained in or on its premises, systems, or any other equipment otherwise under its control, provided that the Recipient shall be entitled to retain such copies of the Disclosing Party’s Confidential Information to the extent required by Applicable Law or to the extent that the Confidential Information is retained by the Recipient as part of the Recipient’s normal back-up processes for its business information.

9.7 The Parties agree that damages may not be an adequate remedy for breach of this clause 9 and (to the extent permitted by the court) that the Party not in breach shall be entitled to seek an injunction or specific performance in respect of such breach.

10. TERM AND TERMINATION

10.1 This Agreement comes into force and effect on the Commencement Date and shall continue in force and effect until the Service End Date unless terminated earlier in accordance with this clause 10. This Agreement shall automatically renew upon each expiry for a period of 1 (one) year. Fees will renew at a rate that is 5% higher than the fees applicable to the last period prior to such renewal up to, but not exceeding, the then-current list price. If this Agreement is executed after the Commencement Date, your access and use of the APIX Platform, the Services and the User Content shall be deemed and construed to have been subject to this Agreement from the Commencement Date.

10.2 During the Trial Period, either Party may immediately terminate this Agreement at its convenience by written notice and without any further liability to the other Party.

10.3 You may terminate this Agreement at any time with immediate effect by giving written notice to Synfindo if Synfindo commits a material breach of this Agreement and fails to remedy that breach within a period of 30 days after being notified in writing to do so.

10.4 Without affecting any other right or remedy available to it, Synfindo may by written notice to you immediately terminate this Agreement, revoke access to your User Account or suspend access to the APIX Platform and provision of the Services at any time if:

(a) you breach any terms and conditions of this Agreement or any other provisions of the Synfindo Code of Conduct, Synfindo Privacy and Security Policy and Synfindo Technical Standards;

(b) Synfindo suspects or becomes aware that you have provided false or misleading information to us, including in your User Profile or in connection with your User Account or User Content;

(c) Synfindo suspects or becomes aware that you are in breach of Applicable Law;

(d) you fail to pay any Fees related to the Synfindo Services when due and payable to Synfindo; or

(e) Synfindo believes, in our sole discretion, that your actions may be contrary to the interests of Synfindo or its Affiliates, the APIX Platform or the other Users.

10.5 On termination of this Agreement for any reason:

(a) all licences granted under this Agreement shall immediately terminate and you shall immediately cease all use of the APIX Platform and the Services;

(b) Synfindo may close your User Account and you will no longer have access to data, messages, files, or other material related to your User Account that is stored on the APIX Platform;

(c) Synfindo may destroy or otherwise dispose of any of your Confidential Information, User Content and any other materials in its possession;

(d) you shall not be entitled to a refund of any Fees paid before the date of termination; and

(e) any rights, remedies, obligations or liabilities of the Parties that have accrued up to the date of termination, including the right to claim damages in respect of any breach of this Agreement which existed at or before the date of termination shall not be affected or prejudiced.

10.6 You agree and acknowledge that:

(a) termination or expiry of this Agreement or your User Account may mean you are unable to complete any Service Contract that you have entered into with another User;

(b) termination or expiry of another User’s User Account or their user agreement with Synfindo may mean they are unable to complete any Service Contract that they may have entered into with you;

(c) Synfindo is not required to consider legal rights and obligations under any affected Service Contract when determining whether to terminate any User Account or this Agreement or any other user agreement; and

(d) you shall not be entitled to any compensation for any losses you may suffer arising from or in connection with the breach of any Service Contract as a result of the termination of your User Account or another User’s User Account or the termination or expiry of this Agreement or the another User’s user agreement for any reason.

11. LIABILITY

11.1 The APIX Platform, any User Content and the Services are provided on an “as is” and “as available” basis, without any express or implied warranties. You assume the sole and complete risk of using the APIX Platform, any User Content and the Services.  To the extent permitted by Applicable Law, Synfindo disclaims all warranties, express or implied, relating to the APIX Platform, any User Content and the Services, or any services that you may acquire or provide under a Service Contract, including any warranties:

(a) of merchantability or fitness for a particular purpose;

(b) that the APIX Platform, any User Content, the Services or the services that you may acquire or provide under a Service Contract  will be available, uninterrupted, accurate, complete, reliable, current, virus-free or error-free; and

(c) that any errors or defects in the APIX Platform, any User Content or the Services or the services that you may acquire or provide under a Service Contract will or can be corrected.

11.2 Each User (including you) is responsible for obtaining and maintaining from applicable Regulators all required licences, consents, permits or approvals for its own business and User Content.  Synfindo does not warrant that any User has obtained such licences, consents, permits or approvals from any Regulator and shall have no liability to you in the event that such licences, consents, permits or approvals have not beeb obtained or maintained by another User.   Your or another User’s registration for a User Account from Synfindo is not and should not be construed to be a licence, consent, permit or approval from any Synfindo Founding Investor for the User’s business or User Content.

11.3 Synfindo uses reasonable commercial efforts to ensure that the APIX Platform is a secure computing environment.  Provided that reasonable commercial efforts have been taken by Synfindo to prevent a cybersecurity incident, Synfindo shall have no liability to you in the event that the APIX Platform or Synfindo is subject to a third party cybersecurity attack.

11.4 The APIX Platform and the Services are provided over the Internet.  The confidentiality of any communication of material transmitted to/from in the course of your access and/or use of the Services over the Internet cannot be guaranteed.  We are not responsible for the security of any information transmitted via the Internet. Synfindo shall have no liability for interruptions or omissions in Internet services.

11.5 If one of the Services you use on the APIX Platform involves the sending and receipt of messages to or from other Users, you acknowledge and agree that Synfindo shall have no liability for the content of the messages that you send or receive.   Synfindo shall have no liability to you or any other User for any lost, delayed or undelivered messages that you may send or may be sent to you using any messaging function on the APIX Platform.

11.6 Neither Party nor their Affiliates shall have any liability to the other Party or to its Affiliates, whether in contract (including under any indemnity or warranty), in tort (including negligence), for breach of statutory duty, or otherwise, arising under or in connection with this Agreement for loss of profit, loss of revenue, loss of anticipated savings, loss or contract, business or opportunity, wasted expenditure, loss of goodwill or indirect or consequential Losses of any kind whatsoever and however caused, whether or not reasonably foreseeable or actually foreseen by that Party.

11.7 To the maximum extent permitted by Applicable Law, in no event will the aggregate liability of Synfindo and its Affiliates, whether in contract (including under any indemnity or warranty), in tort (including negligence), for breach of statutory duty, or otherwise, arising under or in connection with this Agreement for any Losses incurred or suffered by you exceed the Fees paid to Synfindo in the previous 12 months from the date of the first claim.

12. INDEMNIFICATION 12.1 You agree to indemnify, defend and hold Synfindo and its Affiliates, officers, agents, representatives, employees, partners and licensors harmless from all claims from third parties, suits, actions, proceedings (formal and informal), investigations, judgments, deficiencies, damages, settlements, liabilities, and legal and other expenses suffered by or incurred that arise from or are related to any of the following acts or omissions by you, your Affiliates, officers, agents, representatives, employees, partners or licensors:

(a) breach or violation of the Agreement;

(b) negligence, wilful misconduct or fraud;

(c) breach or violation of Applicable Law;

(d) any or all of the information or data provided by you to Synfindo or the content thereof (including claims of intellectual property infringement, ownership, libel, defamation, obscenity);

(e) use of the APIX Platform, the Services or the User Content; and

(f) use of your Access Code by you or others to whom you provided access;

(g) your failure to comply with any Service Contract that you may have entered into with another User

12.2 Synfindo reserves the right, at its own expense, to assume the exclusive defence and control of any matter otherwise subject to indemnification by you in which case you agree to cooperate with Synfindo in asserting any available defence.

13. MISCELLANEOUS 13.1Force Majeure Neither Party shall be liable for any loss, damage or penalty resulting from delays or failures in performance of their obligations under this Agreement, other than for payment of fees, if the delay or failure results from events beyond the reasonable control of either Party (a “Force Majeure Event”). For the purposes of this Agreement, Force Majeure Events shall include, but are not limited to, acts of God, war, hostility, invasion, act of foreign enemies, rebellion, revolution, riots, civil war, disturbances, requisitioning or other acts of civil or military authority, laws, regulations, acts or orders of any governmental authority, body, agency or official, fires, inclement weather, rain or floods (however caused), strikes, lock-outs or other labour disputes, epidemics, pandemics, outbreaks, embargoes, breakdown of equipment, plant or machinery (including, but not limited to, data centre, telecommunications systems and utility services) or other catastrophes affecting the availability of materials or labour necessary for the performance of this Agreement.

13.2 Notices Any notice, request, consent or approval required or permitted to be given under this Agreement or pursuant to law shall be sufficient if in writing and sent to the contact address set out on the first page of this Agreement or such other address as a Party may specify for such notices from time to time.

13.3 Severability If any provision of this Agreement is declared to be unenforceable, the remainder of this Agreement will continue in full force and effect, and the unenforceable provision will be deemed modified to the extent necessary to comply with the applicable requirements of law, while retaining to the maximum extent permitted by law its intended effect, scope and economic effect.

13.4 Rights cumulative The rights and remedies provided by this Agreement are cumulative, and the exercise of any right or remedy by either Party hereto (or by its successor), whether pursuant to this this Agreement, to any other agreement, or to law, shall not preclude or waive its right to exercise any or all other rights and remedies.

13.5 Assignment This Agreement and any of your rights or obligations may not be transferred or assigned by you without Synfindo’s express prior written consent. Synfindo is entitled to and reserves all rights to assign or novate this Agreement to any person or entity at any time and shall give you subsequent notice of such assignment or novation.

13.6 Waiver No action or delay by either Party, may be construed as a waiver of any provision of this this Agreement unless expressly stated in writing to be a waiver  A waiver of a right or remedy on any one occasion will not be construed as a bar to or waiver of rights or remedies on any other occasion.

13.7 Third party rights Except as provided for in clause 12, a person or entity who is not a party to this Agreement shall have no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any term of this Agreement, regardless of whether such person or entity has been identified by name, as a member of a class or as answering a particular description.

13.8 Entire agreement This Agreement constitutes the entire agreement between you and Synfindo pertaining to its subject matter and supersedes all other agreements, communications, understandings, negotiations, and discussions, whether oral or written, or course of dealings between us.

13.9 Governing law and jurisdiction

(a) This Agreement shall be governed by, construed under and enforced in accordance with the laws of Singapore, without regard to any conflict of law provisions. The Parties shall use best efforts to settle any dispute, claim, disagreement, question or issue directly through good-faith negotiations, which shall be a precondition to either Party commencing any legal action. Any action in connection with, relating to or arising from this agreement shall be finally resolved by arbitration in Singapore in accordance with the Arbitration Rules of the Singapore International Arbitration Centre for the time being in force (“SIAC Rules”). The tribunal shall consist of one (1) arbitrator to be appointed in accordance with the SIAC Rules. All arbitration proceedings shall be in the English language. The seat of arbitration shall be Singapore. The decision of the arbitrator shall be final and binding.  Nothing in this clause 13.8 shall prevent a Party from seeking injunctions or other interim relief from a Singapore court to protect its rights and interests prior to the resolution of a dispute in arbitration.

(b) If the decision of the arbitrator can be appealed to the courts under Singapore laws, You agree to be subject to the personal jurisdiction in, and the exclusive venue of, the courts in Singapore, to the extent relevant, and hereby waive any objection to such jurisdiction and venue for the purpose of any such appeal.

14. DEFINITIONS & INTERPRETATION

14.1 In this Agreement, unless the context otherwise requires, the following terms shall have the following respective meanings:

Access Code has the meaning given in clause 2.4.

Affiliate in relation to a Party, means any entity that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under our common control and in the case of Synfindo includes the Synfindo Founding Investors.

Synfindo Code of Conduct means the standards of conduct the Users must adhere to when using the APIX Platform as these may be amended from time to time in SYNFINDO’s discretion and made available at Synfindo’s website at:  https://apixplatform.com/termsandconditions

SYNFINDO Founding Investors means:

(a) LemmaTree Pte Ltd, and

(b) Mastercard Asia/Pacific Pte Ltd

Synfindo IP has the meaning given in clause 7.2.

Synfindo Marks has the meaning given in clause 7.2.

Synfindo Privacy and Security Policy means the privacy and security policy as amended from time to time in Synfindo’s discretion and made available at Synfindo’s website at:  https://apixplatform.com/privacyandsecuritypolicy

Synfindo Technical Standards means the technical standards that APIs must comply with in access and use of the APIX Platform and Services as these may be amended from time to tie in Synfindo’s discretion and made available at Synfindo’s website at:  [https://apixplatform.com/marketplace/static/safety-security]

Synfindo Website Terms of Use means the terms and conditions found at  https://apixplatform.com/termsandconditions

Aggregated Synfindo Data means aggregated data relating to the development and usage of APIX Platform and the Services and from which it is not possible to identify you or your Authorised Users or the details of your respective access or use of the APIX Platform or the Services by access to the Aggregated Synfindo Data alone.

API means application programming interface, being a set of clearly defined methods of communication between various software components, and a set of subroutine definitions, protocols, and tools for building application software.

API Publisher means a User who uses the Services to provide APIs to API Subscribers.

API Publisher Services means the API-based fintech services provided by the API Publisher to the API Subscriber through the APIX Platform.

API Subscriber means a User who uses the Services to subscribe to APIs provided by API Publishers.

Applicable Law means any Law affecting the provision or receipt (as the case may be) of the APIX Platform or the Synfindo Services, or otherwise applicable to Synfindo or a User, including a Regulator’s Requirement.

APIX Platform means the API exchange platform made available by Synfindo at https://apixplatform.com or any other website notified to you by Synfindo from time to time.

Authorised Person has the meaning given in clause 2.1(a).

Commencement Date means the earlier of (a) your access to the APIX Platform and (b) your execution of this Agreement.

Commencement of the Trial Period means the date so specified on the Contract Coverpage and if no such date is specified there shall be no Trial Period.

Community Platform means the “Community” section of the APIX Platform which is made available without charge where Users can post problems and share ideas to solve these problems.

Confidential Information means all information (of whatever nature and however recorded or preserved) which:

(a) was disclosed or received before, on or after the date of this Agreement;

(b) is designated as “confidential information” by the Disclosing Party at the time of disclosure;

(c) would be regarded as being confidential by a reasonable business person; or

(d) is clearly confidential from its nature and/or the circumstances in which it was imparted, and includes:

(e) all data provided by or on behalf of Synfindo in connection with this Agreement;

(f) Personal Data;

(g) all software provided or made available by Synfindo in connection with or related to the APIX Platform and the Services;

(h) information which relates to the commercial affairs, business, finances, infrastructure, products, services, developments, inventions, trade secrets, know-how, personnel, or contracts of, and any other information relating to, the Disclosing Party, its Affiliates or their respective customers;

(i) any information referred to in (a) to (h) above disclosed on a Disclosing Party’s behalf by its personnel or Affiliates or their respective personnel; and

(j) information extracted, copied or derived from information referred to in (a) to (h) above but does not include information that is:

(k) set out on your User Profile;

(l) generally available in the public domain, other than as a result of a breach of an obligation under clause 9;

(m) lawfully acquired from a third party who owes no obligation of confidence in respect of the information; or

(n) independently developed by the Recipient, or was in the Recipient’s lawful possession prior to receipt from the Disclosing Party.

Contract Coverpage means the document titled “Contract Coverpage” attached to this Agreement

Disclosing Party has the meaning given in clause 9.1(a).

Fees means the charges payable by Users to Synfindo for the provision of Services as set out in the Fee Schedule.

Fee Schedule means the document titled “Fee Schedule” attached to this Agreement.

Hackathon means a hackathon for startups and young professionals organised by the User from time to time.

Hackathon Modules mean customised modules of the APIX Platform developed by Synfindo for the purpose of hosting the Hackathon.

Improper Material means any information or material that:

(a) is inaccurate, misleading, libellous, defamatory, threatening, pornographic, an invasion of privacy, obscene, indecent, lewd, crude, abusive, improper, illegal, political, racist, religious, blasphemous, offensive or false;

(b) would infringe any intellectual property or other rights of a third party (including rights of a proprietary or equitable nature);  or

(c) include programs that contain viruses, Trojan horses, worms, time bombs or any other programs, scripts or executable codes designed, or which have the tendency, to impair, interfere, interrupt, obstruct or prevent access to the operation and functionality of the Software, Services, or any other computer.

Intellectual Property Rights means rights in patents (including utility models), designs (whether or not capable of registration), semi-conductor topography rights, copyright, moral rights, database rights, trademarks, service marks, trade and business names, rights to sue for passing off, rights in the nature of unfair competition rights, trade secret, confidentiality and other proprietary rights including rights to Know-how and other technical information, applications to register any of the foregoing, rights to take action for past infringements in respect of any of the foregoing, and all rights in the nature of any of the foregoing anywhere in the world.

Law means statutes, statutory instruments, regulations, by-laws, rules, ordinances, guidance or subordinate legislation; the common law and the law of equity; a binding court order, judgment or decree; any industry code, guidance, policy or standard which, in each case, is enforceable by Law or a regulator; and any direction, policy, rule, requirement, order or direction that is legally binding and that is made or given by a Regulator.

Losses mean all losses, liabilities, damages, costs, charges, and expenses.

Marketplace means the Marketplace section of the APIX Platform where APIs may be published by API Publishers and subscribed for by API Subscribers.

Paid Service Start Date means the date specified as such in the Contract Coverpage and if no such date is specified shall mean the later of: (a) the Trial Period Expiry Date specified on the Contract Coverpage; or (b) the date of both Parties’ execution of this Contract

Party means a party to this Agreement, and Parties means both of them.

Permitted Disclosee has the meaning given in clause 9.2.

Personal Data means data about a person who can be identified (i) from that data, or (ii) from that data and other information to which a Party has or is likely to have access.

Project means an engagement for API Publisher Services that an API Publisher provides to an API Subscriber under a Service Contract.

Recipient has the meaning given in clause 9.1(a).

Regulator means any person or law enforcement or other agency having regulatory, supervisory or governmental authority (whether under a statutory scheme or otherwise) over all of any part of:

(a) the Services or the APIX Platform; or

(b) the business of Synfindo and its Affiliates or a User in connection with Services or the APIX Platform.

and includes any stock exchange in which  Synfindo, its Affiliates or you may be listed and any court of competent jurisdiction

Regulator’s Requirement means a requirement, instruction, rule, policy or direction imposed by a Regulator on Synfindo or a User.

Sandbox means the Sandbox section of the APIX Platform in which API Subscribers can explore, conduct assessments of and experiment, design and collaborate with API Publishers, and vice versa.

Services means the Community Platform, the Marketplace the Sandbox, and the Hackathon Modules, or any other services as may be provided by Synfindo as described in the relevant Annexures or any one of them as the context may require.

Service Contract means the separate contract agreed to between Users which govern the provision and receipt of API Publisher Services between an API Publisher and an API Subscriber for a Project.

Taxes has the meaning given in clause 8.3.

Trial Period means the period from the Commencement of the Trial Period to the Trial Period Expiry Date.  If no Commencement of the Trial Period or no Trial Period Expiry Date is specified in the Contract Coverpage, there shall be no Trial Period.

Trial Period Expiry Date means the date so specified in the Contract Coverpage and if no such date is specified in the Contract Coverpage, there shall be no Trial Period.

User means any registered user who has a User Account on the APIX Platform and may include an API Subscriber or API Publisher.

User Account the registered account of a User which has been accepted by Synfindo to receive the Services.

User Content means any content uploaded or transmitted by any User on the APIX Platform, including information, data, text, sound, photographs, graphics, video, messages, posts, tags, software, User Profile information, APIs, trademarks, logos or trade names or any other material that the User may make available in connection with the APIX Platform or the Services.

User Profile means such information as Synfindo may require from time to time to be displayed to Users on the APIX Platform or to the general public in connection with a User Account, including your company name, company description, website, logo and trademark, if so required by Synfindo.

14.2 In this Agreement, unless the context otherwise requires:

(a) “person” refers to a firm, a body corporate or an unincorporated association;

(b) any reference to any legal entity or individual persons includes, where appropriate, a reference to its authorised agents, delegates, successors or nominees;

(c) words and phrases such as “include”, “including”, “such as” and “in particular” shall not be given a restrictive meaning or limit the generality of any preceding words or be construed as being limited to the same class as the preceding words where a wider construction is possible;

(d) references to any Party shall include that Party’s successors and permitted assigns;

(e) where a provision of this Agreement confers a discretion on Synfindo (for example, where it may or is entitled to decide something or to exercise some other right), that discretion shall be construed as entitling Synfindo to take into account Synfindo’s own interests only, and without any other limit or consideration or implied term applicable to the exercise of that discretion (except as expressly set out in the clause conferring the discretion); and

(f) words importing the singular include the plural and vice versa.

FEE SCHEDULE

Synfindo charges Users based on the applicable User service packages, and the Synfindo Services available to Users under each package are subject to change, as amended by Synfindo from time to time:

1. The APIX Platform and Hackathon Modules features.

The Hackathon Modules is a multi-modular solution with the following features:

3. Services provided by Synfindo in relation to the Hackathon Modules.

According to the Clause 3 of this Agreement Synfindo shall provide the following services in relation to the Hackathon Modules:

a)     Hosting the sandbox environment for the shortlisted problem statements and participants until xx/xx/xx.

b)     Hosting the Hackathon registration for up to 1000 [One thousand] participants.

c)     Publishing up to 25 [Twenty five]] problem statements for participants to respond to.

d)     Creating the entity accounts on APIX for participants till the hosting period of the hackathon.

e)     Establishing multi-location enabled hackathon workflow

f)      Operating multi-split & containerized test sandbox for up to 12 [Twelve] shortlisted finalists. Code to be stored on the platform for 30 [Thirty days] for first use of IDE.

4. The APIX Platform functionalities for the purpose of the Hackathon will include:

a. Access to DIY hackathon configuration module that will allow the Hackathon Admin to  configure the look feel and functionality as per their requirement– includes 2 hours of hands-on training to use the tool. Features available:

i. Configure the landing page picture

ii. Configure the Start date for Registration, Proposal submission, start of judging, Solution submission, winner announcement

iii. Publish the Terms & Conditions of participation

iv. Publish the Criteria of selection and winning

v. Publish the FAQ for the participants.

vi. Publish help desk email for participants to contact for clarifications.

b. Publish problem statements for participants to provide solutions

c. Participants to Register their interest to participate in the hackathon.

d. Configure the questions required to be answered while submitting the proposals.

e. Participants to answer the questions posed by the organizers and upload proposals for the problem statements.

f. Hackathon Admin can invite evaluators and Judges.

g. Define criteria to judge the proposals and solutions.

h. Evaluators and Judges to accept the invitation to Judge.

i. Read/access the proposals online and provide grades/marks to the proposals based on the criteria defines.

5**. Participants can use the sandbox to code their solutions for judges to evaluate the most appropriated solution.**

a. Participants can import and export code from public GitHub. Up to 20 standard languages supported.

b. Participants can access external data from over 10 type of databases.

c. Hackathon admin can see various statistics with regards to the hackathon-

i. Registered participants

ii. Proposals Submitted

iii. No of proposals/solution shortlisted

iv. Proposals/solutions judged

v. No of Judges accepted invites

vi. Total scores of the participants

d. All the above can be downloaded as CSV for offline analysis.

e. Function to see Final average scores for all participants.

f. Winner selection from the final list.

Please see terms and conditions at https://apixplatform.com/termsandconditions.