Open APIs in Cash Management
Open API technology enables you to access real-time data and meets ever-evolving treasury needs in the digital era. Experience Open APIs: The new motor for superior user experience in cash management.
What Are Open APIs and How Can Your Company Benefit From Them?
Open APIs (Application Programming Interfaces) provide opportunities across all domains of treasury services. They enable embedded finance opportunities to enhance your customer experience.
The use of Open API technology in transaction banking is gaining traction. This is evidenced by corporates increasingly buying into leveraging this technology to improve their treasury operations. Selected use cases include payments, reporting and electronic bank account management.
Seamless Access
Access real-time account data and trigger cash sweeps via your ERP.
Flexible Integration
The plug & play approach enables direct and fast integration at scale.
Operational Efficiency
Self-service changes and intelligent automation via your preferred system.
Enhanced Collaboration
Gain access to future proof, next-gen use cases and innovative tools.
Our API Solutions
Get the RBI Cash Management Open APIs directly from our API Marketplace.
On-Time Notifications for camt.052: Stay Informed in Real-Time!
Experience the convenience of real-time updates with our On-Time Notifications for Camt.052! Designed to keep you updated on your intraday account activities, including inflows and outflows, this cutting-edge feature ensures you're always in the know.
How it Works: Our system actively generates a standard camt.052 intraday statement whenever a movement happened on the account (debit or credit).* The detailed statement, containing comprehensive transaction and balance information, is automatically made available via the Open API connection immediately after any account activity. This functionality needs to be activated per account.
Benefits:
- Instant Alerts: No more manual checks! Receive immediate notifications, allowing you to stay informed about your account activities as they happen.
- Enhanced Transparency: We're committed to keeping you informed and empowered, enhancing transparency and trust.
- Better Financial Management: Monitor your account closely throughout the business day, promoting better financial management and efficiency in your workload.
*latest one-minute after the event occurred
Country Coverage
RBI’s Open Banking APIs will be launched in already real-time capable countries first, before being rolled out to the entire RBI network.
Our quick and gradual expansion will soon make Open APIs available for accounts across the full RBI network. Currently, they are available for accounts in these countries:
- Austria
- Kosovo
- Serbia
- Hungary
- Romania
Connected Third-Party Providers
We are partnering with the world‘s leading fintechs and treasury management systems to make our cash management services available within the most innovative client environments.
SAP MBC
SAP Multi-Bank Connectivity (MBC) provides and simplifies corporate customers their connectivity with their financial services Institutions. The solution provides customers a multibank and digital channel between their ERP systems and their banks.
TIS
The TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain strategic advantage – and ultimately achieve enterprise payment optimization.
FinanceKey
FinanceKey provides easy access to banking APIs for real-time cash visibility and payments for businesses to act faster, improve decision-making and automate workflows. With FinanceKey’s dashboards, customers gain immediate benefits from instant access to multi-banking, and with their single API, clients can integrate data and services into their existing tools.
Useful Documents
Find more detailed information on RBI’s Open API technology in our whitepaper and product folder.
Frequently Asked Questions
Yes, the APIs exist within our secure bank platform and allow thorough testing. The data transfer is encrypted & subject to authorization/authentication using RBI Corporate Seals (a proven, secure & flexible solution)
Yes, Open APIs facilitate a direct, fast and flexible activation for preferred systems within weeks. Flexibility in (de)activating APIs allowing for need-driven services & limited dependency.
Yes, Open APIs are true enablers for operational efficiency. They seamlessly embed multiple bank connections into one system and provide self-service changes and smart automation beyond limits of internal systems.
Get In Touch With Us
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Susanne Prager
Cash Management
