DBS RAPID | API-Driven Solutions | DBS SME Banking CN

DBS RAPID

Digitise your business and enhance your customers’ experience with our API-driven solutions

DBS RAPID

Digitise your business and enhance your customers’ experience with our API-driven solutions

At a Glance

Seamlessly integrate banking services into your systems or platforms via DBS’ APIs to facilitate a truly digital workflow and deliver enhanced customer-centred engagements.

Digitisation

Digitise operations and gain workflow efficiencies with STP and real-time account information feeds and transactional capabilities

Speed

Massively speed up your operations through end-to-end real-time transactions without the need for batch based, end-of-day processing

Interconnectivity

Power ecosystems through collaboration, integration and transactional capabilities across multiple systems

Features & Benefits

Information Reporting

APIs that provide bank related information to you

Transaction Status Enquiry
Bank Account Balance Enquiry
Bank Account Verification
FX Enquiry
Inward Credit Confirmation

Transactional

APIs that allow you to perform transactional banking services

Domestic Remittance Payment
Cross-border Remittance Payment
Interbank Payment
China Union Pay Payment
Account Payable Financing
Account Receivable Financing
FX Booking
Purchase Invoice Financing
Sales Invoice Financing
LC Issuance & IBLC
Inward Bill Collection (DA/DP)
Export Collection

Workflow

APIs that allow customers to seamlessly connect to and integrate with multiple systems

Interoperability Payments
Cloud ERP Ecosystem Integration
Bank Statements Provisioning
Virtual Account Creation & Deletion

How to Apply

Call us on 400 821 8881 or visit any of our Branches for more details. You may also email us and arrange our Relationship Manager to call you.

FAQs

	What is DBS RAPID?
	DBS RAPID (Real-time API by DBS) is a digital solution that can be integrated into our corporate customers’ systems or platforms to facilitate banking transactions and services in real-time. The banking services offered via APIs include, but are not limited to, bank account verification, real-time payments & collections, and direct debit authorisation etc.

	What is an API?
	API stands for Application Programming Interface. It is an easy way for two different systems to communicate with each other. With DBS RAPID, our customers can seamlessly integrate DBS’ banking services into their systems or platforms for their banking needs.

How will DBS RAPID help my business?

DBS RAPID provides digital solutions to address your banking needs, reducing the time and cost you spend on manual/paper processes. This allows you to focus on growing your business without having to worry about the complex processes that occur behind the scenes. From our wide range of APIs, you can mix and match multiple APIs to meet your needs. Whether you are looking to perform bank account verification, credit confirmation, or initiate direct debit authorisation in real-time, provide real-time payments and collections (single and/or bulk) and live status updates; DBS RAPID enables all of these to be available to you 24/7.

	How long does it take to set up DBS RAPID?
	It typically takes four to six weeks from inception to go-live to set up DBS RAPID. The time it takes is largely dependent on the readiness of the company to consume the DBS’ APIs.

	What kind of format does DBS RAPID use?
	DBS RAPID uses REST API with JSON format & PGP implementation, which is a widely adopted industry standard, making DBS RAPID easy to implement and integrate.