APIX > Financial Institutions

APIX is your Innovation Lab on the cloud.

Leverage APIX to collaborate with leading FinTechs and deliver tangible business results, rapidly.

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Case Studies: How Financial Institutions and FinTechs collaborated on APIX

Cantilan Bank - Going Mobile

A Rural Bank in Philippines, Cantilan leveraged APIX's platform and sandbox to launch its next-gen mobile banking app 'ICAN', in partnership with Geniusto, ADB and IFC.

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Prudential's Flagship Open Innovation

Inspired by the 99 submissions last year, Pru Fintegrate 2021 launches to seek solutions that serve the entire national populations, or a particular demographic group, to lead healthier lives or manage their wealth with more resilience.

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APIX AI Sandbox

Develop and test for rapid prototyping of solutions that validate AIDA solutions against the FEAT principles. Leverage as many of these APIs as you like in your development and experimentation journey.

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How Financial Institutions can leverage APIX

Access over 1,000 FinTechs in more than 50 categories, from across the globe, to innovate for business growth and efficiency

Powerful Search

Effective and efficient search capabilities built on standardized taxonomy and classification, to ensure search results are relevant

Fit-for-purpose Innovators

Leverage APIX Hackolosseum, with fully automated hackathon workflows and ready to use APIs, to source FinTechs from across the world

Quick Shortlisting

Based on solutions submitted and pre-established judging criteria, effectively select FinTechs to move to next stage

139 financial institutions and Counting

    State Bank of India

    [https://apihub.sbi/portal/](https://apihub.sbi/portal/) **About SBI APIHUB:** SBI APIPHUB portal was launched by State Bank of India on 1st July 2023. This portal provides an online platform for Fintech/Startup to access tools, resources and documentation required for building applications that integrate with our product and services. It serves as a one stop centralized API repository for Fintech/Startup to get all the information & support, they need to create innovative solutions using our technology. **About State Bank of India:** State Bank of India is the largest commercial bank in terms of assets, deposits, branches, customers, and employees. It is also the largest mortgage lender in the country which has so far fulfilled the home buying dreams of over 30 lakh Indian families. The home loan portfolio of the bank has crossed Rs. 6.00 lakh crore. As on December 31, 2022, the bank has a deposit base of over Rs. 42.13 lakh crore with CASA ratio of 44.48% and advances of more than Rs. 31 lakh crore. SBI commands a market share of 33.3% and 19.4% in home loans and auto loans respectively. SBI has the largest network of 22,381 branches and 65,650 ATMs / ADWMs in India with 70,258 BC outlets. The number of customers using internet banking and mobile banking stand at 111 million and 58 million respectively. With SBI’s digital strategy right on track – the bank witnessed 64% of new savings accounts opened through the integrated digital and lifestyle platform YONO in FY22. SBI observed 22,120 new digital savings bank accounts being opened per day via YONO in the quarter ended December 2022. YONO, which has more than 5.75 crore registered users, witnessed more than 1 crore average daily logins in Q3 FY23. In terms of digital lending, the bank disbursed pre-approved personal loans worth Rs. 5,050 crore through YONO in the same period. SBI also has the highest number of followers on Facebook and Twitter amongst all banks worldwide.

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