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IBOS member Royal Bank of Canada (RBC) is the first Canadian bank to open an Application Programming Interface (API) developer portal, as its focus on driving innovation to deliver leading-edge solutions for clients continues to expand.

The RBC Developers  portal will allow eligible, external software developers, industry innovators and clients to access select RBC APIs.

APIs allow applications to talk to other applications. As such, this communication layer allows third party applications secured access to select data and capabilities from RBC. Once registered and approved to use the RBC Developers portal, external parties will be able to browse and learn about the APIs offered and build, test and deploy their applications using these APIs.

RBC is initially offering five API packages in the portal, which includes:

  • Credit card catalog API
  • Minimum down payment API
  • Branch locator API
  • Amortization schedule API
  • Safety deposit box inventory API

Each API package delivers the data elements, orchestration and business logic required to deliver the end to end business process. Additional API packages will be added in the future.

Read the full press release via RBC here, and in Finextra here