Bank of Cyprus, the largest financial institution on the island, is today making its own contribution to the shift towards an API Economy by embracing the concept of Open Banking.

The Bank is making available to interested parties functionality of its core banking systems in the form of Application Programming Interfaces (APIs), in a secure manner, in line with the PSD2 Directive and in accordance with industry best practices and standards.

Through these tools and technologies, the Bank extends its banking ecosystem enabling third party solution providers to integrate apps and services and to focus on what matters the most - creativity and innovation in defining the new digital banking experiences of the future, for the benefit of the Bank's customers and the economy.

As a starting point, developers and other interested parties are invited to visit the SandBox Developers portal (sandbox.bankofcyprus.com) where they can sign up and freely test the functionality of the Bank of Cyprus API offerings.

As reported in Cyprus Business Mail