Laxmi Bank launches LxBconnect

In line with the Bank’s strategy of using API banking as an enabler to ideate, customise and co-create digital solutions, Laxmi Bank has launched LxBConnect, an API Developer Platform and released an invitation to fintechs, startups, developers to be partners–in-tech to identify ‘best-fit’ APIs based on their sectors for its common customers.

LxBConnect sandbox environment is expected to enable interested partners to visualise multiple banking use cases and understand possible integrations and functionalities of the Bank’s APIs and test them with their app in a secure environment over the VPNs.

Laxmi Bank will grant access to APIs across three types of usage categories that include account management, financial and non-financial operations such as:

• Accounts: Account Opening; Account Management; Customer Portfolio
• Financial: Beneficiary Management; Fund Transfer; Bill Payment; Recurring Payment, Remittance, Salary Payment, Settlement, Beneficiary Management
• Non-Financial: Exchange Rates, Branch/ATM Information, Verifications, Reconciliation, Statements, etc.

Share This Post

B360

Business 360 is a magazine that delivers on quality business news content, profiles of entrepreneurs and leaders, features on issues that matter, articles that assess and analyze policy and delivery mechanisms in the world of trade and commerce

Related Post

    Leave a Reply

    Rate this post

    Your email address will not be published. Required fields are marked *