Virtusa launches API Exchange for financial inclusion

Tuesday, November 13, 2018

Virtusa Corporation, a global provider of digital strategy, digital engineering, and IT outsourcing services, that accelerates business outcomes for its clients, today announced that it will lead a global effort in creating the API Exchange (APIX), the world’s first cross-border, open-architecture platform to improve financial inclusion.

The platform will include an online global FinTech marketplace and sandbox platform. APIX will accelerate financial services innovation and inclusion by enabling collaboration between financial institutions and FinTech innovators.

“Virtusa is honored to be leading the effort to develop and operate the APIX platform,” said Kris Canekeratne, chairman and CEO, Virtusa. “Our deep experience in Digital Engineering and extensive financial services domain expertise, coupled with our proprietary Digital Innovation Accelerator, will accelerate the APIX platform build out and ensure its market viability.”

Photo courtesy of Wonderlane.

Source: Finextra (link opens in a new window)

Finance, Technology
digital finance, financial inclusion