logo
Mashreq Unveils Next-Generation API Marketplace to Accelerate Digital Innovation

Mashreq Unveils Next-Generation API Marketplace to Accelerate Digital Innovation

Al Bawaba20-05-2025
Mashreq, a leading financial institution in the MENA region, has launched its next-generation API Marketplace, a dynamic platform designed to empower corporate clients, developers and fintechs with seamless access to Mashreq's suite of APIs. The Application Programming Interface (API) is a technical code that connects and allows seamless data exchange between different systems. They are transforming how corporates manage payments, receivables and liquidity, providing real time visibility on their cash positions and payments.'The API Marketplace is a key pillar in our broader digital strategy.' said Joel Van Dusen, Head of Corporate and Investment Banking Group at Mashreq. 'At Mashreq, we are committed to driving the future of open banking and digital transformation through APIs. Our new API Marketplace is not just a technology platform —it's a strategic enabler that allows our clients and partners to co-create, innovate, and scale faster than ever before.'The platform introduces several groundbreaking features, including automated developer registration, real-world case studies, and a flexible subscription model— aimed at fostering innovation through a more agile and collaborative digital ecosystem.Mashreq's API Marketplace comes at a time when API adoption is experiencing exponential growth in the UAE and the Central Bank has been actively promoting open finance through initiatives like the Open Finance Framework, encouraging banks to adopt API standards and collaborate with fintechs to innovate new business solutions.'The launch or API Marketplace marks a significant milestone in our digital journey,' said Vivek Batra, Global Head of Global Transaction Banking (GTB) at Mashreq. 'It is designed with a developer-first mindset, offering intuitive tools, sandbox environments, and comprehensive documentation. It enables us to extend our services beyond traditional channels and integrate seamlessly into the digital journeys of our customers, exploring new ideas, partnerships, and new business models. By simplifying access and offering real-world use cases, we are making it easier for developers and businesses to build the next generation of financial solutions.'
With this launch, Mashreq continues to reinforce its position as a digital pioneer in the region, offering clients and partners the tools they need to thrive in an increasingly connected world.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ENOC Board appoints Hussain Sultan Lootah as Acting Chief Executive Officer of the Group
ENOC Board appoints Hussain Sultan Lootah as Acting Chief Executive Officer of the Group

Al Bawaba

timea day ago

  • Al Bawaba

ENOC Board appoints Hussain Sultan Lootah as Acting Chief Executive Officer of the Group

ENOC Group, a leading integrated global energy player, has announced the appointment of Mr. Hussain Sultan Lootah as Acting Chief Executive Officer of ENOC Group. The appointment aligns with the Group's commitment to drive the future of energy and support Dubai's ambitious plans of economic diversification and sustainable Lootah takes over from Mr. Saif Humaid Al Falasi, who led the Group's progress and expansion for the last 10 Hussain Sultan Lootah, Acting CEO of ENOC Group said: 'ENOC Group is at the forefront of building a more sustainable energy landscape for the UAE and the wider region. I am honoured to step into this new role and be part of the ENOC Group success journey, and look forward to working closely with ENOC's talent and leaders to build on its legacy of innovation and excellence.' With three decades of leadership experience in the Oil & Gas industry, Mr. Lootah brings deep expertise in finance, commercial strategy, project management, and talent development. His career spans key leadership roles in the field, where he led operations and drove significant progress in Emiratisation and human capital development. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.

Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA
Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA

Al Bawaba

timea day ago

  • Al Bawaba

Mastercard and Octet Türkiye collaborate to enhance financial flexibility for businesses across MENA

Mastercard and Octet Türkiye have entered a collaboration to address the growing cash management and installment payment needs of businesses in the MENA region. Through this alliance the two companies will launch a versatile solution capable of processing various corporate transactions with a focus on facilitating easy payments and collections with cards. According to data by Statista, the number of digital B2B payments in the Middle East and Africa is forecast to nearly double between 2023 and 2028. The innovative solution will help increase digital transaction volumes by offering efficient alternatives to cash payments. By leveraging Octet Türkiye's expertise in trade facilitation and corporate credit card payments, the solution will enable businesses to make extended, or installment payments while allowing sellers to immediately collect invoice amounts. 'The commercial payments segment presents a wealth of opportunities for innovation. At Mastercard, we are committed to harnessing the power of collaborations to drive smarter and more efficient payment methods. Our latest collaboration with Octet Türkiye will contribute to driving the adoption of digital transactions among businesses, empowering them with greater financial flexibility, said Mete Guney, executive vice president, Market Development, EEMEA, Mastercard. With the increasing use of corporate credit cards, businesses can extend their payment terms without relying on traditional cash loans, ensuring better financial flexibility. This collaboration will enable companies to use their preferred bank's credit cards for payments while seamlessly managing their collections, all within a secure and efficient digital framework. 'In Türkiye, installment payments via credit cards have been a standard practice, regardless of the amount, for a very long time. In addition to the desire for cashless trade driven by digitalization, the global requirement for liquidity management makes the installment payment system a necessity. We at Octet Türkiye, in collaboration with Mastercard, are here to meet this need in the business-to-business (B2B) space across the region,' said Can Saydam, Co-Founder and Chief Sales Officer, Octet Türkiye.

flydubai partners with emaratech to introduce smart biometric gates
flydubai partners with emaratech to introduce smart biometric gates

Al Bawaba

timea day ago

  • Al Bawaba

flydubai partners with emaratech to introduce smart biometric gates

as part of its ongoing commitment to innovation and investing in the latest technologies, flydubai has partnered with emaratech, a leading technology organisation in the UAE, to implement smart border control solutions for its pilots and cabin at the carrier's Airport Operations Centre, the new smart gates utilise advanced biometric technology, AI-driven verification and real-time data integration to streamline immigration processes. This provides a faster and more efficient immigration experience for its flight operations, supporting the carrier's commitment to operational efficiency, especially during busy travel Excellency Thani Alzaffin, Group Chief Executive Officer of emaratech, said: 'we are proud to partner with flydubai in pioneering a next-generation, paperless immigration experience for their crew members. Through the integration of AI-powered facial recognition technology, our smart gates seamlessly connect with both flydubai's and immigration's platforms, enabling real-time validation and a truly frictionless journey.''This initiative reflects emaratech's continued commitment to redefining border control processes—making them smarter, faster, and more secure. By harnessing the power of artificial intelligence, we are shaping a future where innovation drives convenience and trust at every checkpoint. We look forward to deepening our collaboration with flydubai across future initiatives that further enhance the travel experience for both passengers and crew,' added Hareb AlMheiri, Chief Procurement & Technology Officer at flydubai, said: 'we are pleased to have partnered with emaratech to implement this innovative solution for our pilots and cabin crew. We always look for opportunities to harness the latest technologies that support our growth and operational efficiencies and with the introduction of these biometric smart gates, this marks another step towards fostering a more seamless, punctual and secure operation as we future-proof our systems.'The carrier continues to invest in technologies that improve the daily experience of its frontline teams. Six smart biometric gates have been installed at the flydubai Airport Operations Centre where the crew report for their flights. Today, flydubai has created a growing network of more than 135 destinations served by a modern and efficient fleet of 89 aircraft. The carrier has also built a strong workforce of more than 6,400 employees, more than 1,300 of whom are pilots along with 2,500 cabin crew.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store