SCB launches open API

SCB launches open API

SCB become Thailand's 1st bank to launch an open API. (Bangkok Post file photo)
SCB become Thailand's 1st bank to launch an open API. (Bangkok Post file photo)

Siam Commercial Bank (SCB) has become Thailand's first bank to launch an open application programming interface (API), allowing software developers and corporations to develop new services integrated with banking activities.

The move aims to drive SCB to become a digital lifestyle banking platform with a variety of new services. The bank has been competing with non-bank platforms such as ride-hailing app Grab and text-messaging app Line.

"In today's digital disruption era, banks are being challenged by Line and Grab's super-app platforms," said Tana Pothikamjorn, executive vice-president and head of digital banking platform at SCB. "Banks need to open to connect with more partners at a faster pace and create new services that link and integrate payment and financial services."

SCB will open its API via a web portal (https:\\, which will allow developers to read relevant documents and examine methods to link their applications to the SCB platform, Mr Tana said.

The portal also provides SCB with simulator apps to enable application developers to conduct tests covering all scenarios instantly in a sandbox environment.

Tana Pothikamjorn, executive vice-president and head of digital banking, SCB.

The portal has four services for developers: loans, payments and QR code payments, sharing customer profiles, and authentication.

Open API is a channel that links applications to allow the exchange of data between different software platforms, considered a critical aspect of building the digital economy.

Leading firms in many countries such as Britain, Singapore and Australia have provided API access to share resources with independent developers for experimentation and learning, Mr Tana said.

This approach will lead to R&D of financial products and services for customers, he said.

Open API is not new for other industries, but it represents a big move for banks.

"Allowing API linkage for system developers will enable SCB to launch new products to cover more industries and allow target customers to access services more easily and quickly," Mr Tana said.

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