The Banking Executive Magazine - April 2025

Mashreq Mashreq UNVEILS NEXT-GENERATION API MARKETPLACE TO ACCELERATE DIGITAL INNOVATION Mashreq, a leading financial institu- tion in the MENA region, has launched its next-generation API Marketplace, a dynamic platform de- signed to empower corporate clients, developers and fintechs with seam- less access to Mashreq’s suite of APIs. The Application Programming Inter- face (API) is a technical code that connects and allows seamless data exchange between different systems. They are transforming how corpo- rates manage payments, receivables and liquidity, providing real time vis- ibility 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 com- mitted to driving the future of open banking and digital transformation through APIs. Our new API Market- place is not just a technology plat- form —it’s a strategic enabler that al- lows 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 flexi- ble 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 experi- encing exponential growth in the UAE and the Central Bank has been actively promoting open finance through initiatives like the Open Fi- nance 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 de- signed with a developer-first mindset, offering intuitive tools, sandbox en- vironments, and comprehensive doc- umentation. It enables us to extend our services beyond traditional chan- nels and integrate seamlessly into the digital journeys of our customers, ex- ploring new ideas, partnerships, and new business models. By simplifying access and offering real-world use cases, we are making it easier for de- velopers and businesses to build the next generation of financial solu- tions.” With this launch, Mashreq continues to reinforce its position as a digital pi- oneer in the region, offering clients and partners the tools they need to thrive in an increasingly connected world. ISSUE 196 APRIL 2025 the BANKING EXECUTIVE 17