siliconindia | | March 20188Headquartered in Mumbai, RBL Bank is one of India's fastest growing scheduled commercial banks offering a wide array of Financial services in the areas of Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking, and Financial Markets.By Sujatha Mohan, Head - Digital & New Initiatives, RBL Bankever before has the Indian banking sector evolved as much as it has in the past decade, and neither has it been as customer-friendly as it is today. The latter is because the sector has been integrating new technologies, core platforms and government-enabled services to make banking a low-cost, highly efficient and seamless experience for customers. In recent years, best-in-class digital banking and the thrust on financial inclusion has brought nearly every banking activity to the customer's doorstep; in fact, literally at one's fingertips. The banking and financial services industry has also seen an explosion of several alternative non-financial institutions, including financial technology companies, or fintechs, as they are popularly known. The fintechs arrived on the scene at a time when both the use of smartphones and the proliferation of mobile & data were increasing, resulting in an effortless adoption of digital banking platforms. These companies were geared to provide a gamut of solutions to meet the needs of retail, commercial and corporate customers. However, there was just one problem: there was a need for a unified system to integrate various banking applications.This is where API Banking comes-in. API (application programming interface) is an endpoint to which one system can send information or a NIN MY OPINIONAPI BANKING ­ A NEW FRONTIER IN FINANCIAL SERVICES
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