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Sandbox

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 an ability to import or export data via external sources like GitHub. 

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Financial Institutions

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FinTechs

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APIs

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Problem Statements

What APIX Sandbox has to offer

APIX Sandbox contains a large catalogue of APIs which users can subscribe to. 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. 

Leading-Edge Technology

Access cutting-edge domain-specific APIs from APIX members in your sandbox at the click of a button.

Infra Agnostic Platform

There is flexibility to move between cloud or in-prem infrastructure without being bound by operating dependencies.

Security and Privacy

Use a secure, private development environment with the assurance that your code, data and IP are safe. Your private sandbox will auto-destruct after a specified period.

Live Core Bank

Utilise a fully functional open-source core banking system with test data and over 60+ common APIs.

Seamless Collaboration

Collaborate with your teams using GitHub. Bring in pre-built code for integration with on-platform APIs for rapid prototyping.

Multi-Lingual

We support up to 10+ databases and 17+ programming languages, including Java, Javascript, Python, PHP and more.

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FreeFlow Identity
FreeFlow Finance

## Overview FreeFlow Finance is the world’s first commercial-ready digital currency interoperability infrastructure company focused on retail cross-border payments, remittance, trade transactions, and digital commerce. FreeFlow enables seamless integration with regulated stablecoins and central bank digital currencies through our cross-platform digital currency clearing and settlement and on-chain FX liquidity provision capabilities, powered by our institutional grade, vertically integrated and regulatory compliant, universal payment single-window API platform. FreeFlow identity is the basic of the system, it consists of two components: 1) Account and 2) Wallet. To use the services of FreeFlow, users should register an account at first and apply their CBDC wallets.  ## Modules FreeFlow is a high-performance distributed system developed in Java. Modular development has been implemented to increase the flexibility of the system. Thus, features are separated into micro-services. It also improves the robustness and scalability for the system. Therefore, the APIs are created in modules.  It is important to note that FreeFlow is a system that is already in operation. Considering the competition requirements and business risks, the API submitted here is a subsystem extracted from the actual business system and reconstructed according to the competition rules and our solution design. The subsystem consists of three modules: identity, transaction, and exchange. 1\. Account The Account module is responsible for the management of digital identities. Its main functions are the creation, login, modification, and deletion of digital identities. Users can apply for a FreeFlow digital identity in the module and then use the registered identity to access the various features of FreeFlow. 2\. Wallet The wallet module is responsible for the management of CBDC wallets. Its primary functions include applying wallets of CBDCs to each partner country; deposits; blocks; transfers; and exchanges between different CBDCs. Using the FreeFlow digital identity, users can apply for CBDC wallets of each partner country in this module, deposit CBDC, and then use them for domestic transfers by CBDC or international transfers by CBDC exchange.

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Endpoints: 0/12

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Subscribers: 15

GreenArc Impact Module
GreenArc Capital

By establishing a Theory of Change, GreenArc is able to set a methodology which enables the API to capture, measure and evaluate social outcomes with respect to financial inclusion. Our impact framework has been developed using GIIN’s IRIS+ indicators, which are informed by the norms agreed via the Impact Management Project (IMP). We have identified and mapped a set of social impact indicators, taking into account the different sectors in which MSMEs and base of the pyramid populations operate, as well as the associated UN SDGs. 1. Loans in a given portfolio are classified and aggregated into impact sectors and aligned with SDGs 2. The API user inputs the relevant impact metrics data at the outset and repayment of the loans 3. An impact score is computed for each loan and each portfolio 4. Benchmarking allows impact performance comparison The required set of impact metrics are provided to the API user. This data is then analysed and consolidated into an impact score and used for social reporting to investors. This is done for each individual loan, with the data collected twice, once at the outset of the loan, and then at repayment. Using this data allows the user to ascertain whether they are reaching their target beneficiaries, as well as to track the change in their social and/or economic circumstances over the term of the loan. The API evaluates actual social outcomes rather than just outputs.  MSME impact metrics include:  * Employee diversification by gender * Ownership diversification by gender * Wage equality to measure fair compensation * Education levels * Age demographics * Sector breakdown With respect to low-income and unbanked individuals, data collection includes:  * Access to essential products and services such as healthcare, education and food, * Recipient breakdown by gender * Income level * Number of dependents on income and loan proceeds * Whether they live in a rural versus urban setting Our impact indicators capture data related to the socio-economic status of the end beneficiaries, and how this changes during the term of the loans.  For an MSME, key factors to improve their financial security include change in revenue, indicating stability and improvement of the financial status of the business, allowing them to invest in better infrastructure & technology, skills training for employees, increased wages and greater financial security in times of shocks due to improved cash flows. Our framework captures this information with metrics pertaining to the use of loan proceeds and employee welfare, as stated above.  A key component of how we evaluate impact is how this information changes throughout the loan term, enabling us to ascertain the social and economic benefits facilitated by the credit loans. We also measure the negative impact risk; how the beneficiary’s circumstances would be impacted if they did not receive the loan e.g an MSME may not be able to invest in infrastructure or technology, preventing them from improving their production efficiency and building their financial resilience. An individual may not be able to pay for medical bills, or pursue further education, preventing them from seeking better and more stable employment opportunities which provides financial security.

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Endpoints: 6/6

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Subscribers: 3

FreeFlow Transaction
FreeFlow Finance

## Overview FreeFlow Finance is the world’s first commercial-ready digital currency interoperability infrastructure company focused on retail cross-border payments, remittance, trade transactions, and digital commerce. FreeFlow enables seamless integration with regulated stablecoins and central bank digital currencies through our cross-platform digital currency clearing and settlement and on-chain FX liquidity provision capabilities, powered by our institutional grade, vertically integrated and regulatory compliant, universal payment single-window API platform. FreeFlow Transaction is a key component of the system. Users can purchase the goods or services, or request a refund, from FreeFlow-Partnered merchants using this component and their FreeFlow Identity. ## Modules FreeFlow is a high-performance distributed system developed in Java. Modular development has been implemented to increase the flexibility of the system. Thus, features are separated into micro-services. It also improves the robustness and scalability for the system. Therefore, the APIs are created in modules.  It is important to note that FreeFlow is a system that is already in operation. Considering the competition requirements and business risks, the API submitted here is a subsystem extracted from the actual business system and reconstructed according to the competition rules and our solution design. The subsystem consists of three modules: identity, transaction, and exchange. 1\. Transaction The transaction module is responsible for the management of digital currency transactions. Its primary uses are for digital currency refunds and payments. This module allows customers who have a FreeFlow digital identity and a FreeFlow wallet to make payments and receive refunds at participating merchants.

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Endpoints: 0/5

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Subscribers: 15

FreeFlow Exchange
FreeFlow Finance

## Overview FreeFlow Finance is the world’s first commercial-ready digital currency interoperability infrastructure company focused on retail cross-border payments, remittance, trade transactions, and digital commerce. FreeFlow enables seamless integration with regulated stablecoins and central bank digital currencies through our cross-platform digital currency clearing and settlement and on-chain FX liquidity provision capabilities, powered by our institutional grade, vertically integrated and regulatory compliant, universal payment single-window API platform. Using by currency converters, FreeFlow Exchange is a business interface to provide the service that exchanging the digital currencies, such as CBDCs, Cryptocurrencies, and E-Balances (e.g., Alipay’s and Paypal’s balance) for users. Central banks and foreign exchange companies can both be the money converters in FreeFlow and use this component to provide services. However, the currency converters should obey the laws of the host country and meet our KYC policy. ## Modules FreeFlow is a high-performance distributed system developed in Java. Modular development has been implemented to increase the flexibility of the system. Thus, features are separated into micro-services. It also improves the robustness and scalability for the system. Therefore, the APIs are created in modules.  It is important to note that FreeFlow is a system that is already in operation. Considering the competition requirements and business risks, the API submitted here is a subsystem extracted from the actual business system and reconstructed according to the competition rules and our solution design. The subsystem consists of three modules: identity, transaction, and exchange. 1.Exchange The exchange module is responsible for exchanging the CBDCs and others to RMB. Money converters use this module to provide their exchanging services to users.

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Endpoints: 0/6

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Subscribers: 15

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