dbs-rapid

DBS IDEAL RAPID

Digitalise your business and enhance customer experience with API-driven solutions

DBS IDEAL RAPID

Digitalise your business and enhance customer experience with API-driven solutions

At a glance

 

DBS IDEAL RAPID is a digital solution that leverages DBS’ application programming interface (API) capabilities. 

DBS IDEAL RAPID facilitates business transactions within your ecosystem by integrating real-time processing of payments, receivables and information enquiries into your business workflows. 

It is an effective way of leapfrogging legacy platforms and technologies that not only drives efficiency and cost savings for our clients, but also significantly enhances the customer experience. 

DBS offers nearly 180 types of highly-modular APIs that can be combined to suit varying client needs. 

We have worked with many clients to co-create API-driven solutions that give them a competitive edge. 

Benefits
icon-workflow

Optimise workflows

Gain workflow efficiencies with straight-through processing and real-time account information feeds and transactional capabilities. 

icon-speed

Increase productivity

Speed up your processes with end-to-end real-time transactions without the need for batch based, end-of-day processing. 

connectivity

Improve connectivity

Enhance the power of ecosystems through collaboration, integration and transactional capabilities across multiple systems. 

customisable

Highly customisable

RAPID’s modular nature enables APIs to be combined in different ways to meet the needs of various industries, including Airlines, eCommerce, Food & Beverage, Healthcare, Insurance, Logistics, Manufacturing and Real Estate. 

Case studies

Driving with faster payments

Powered by DBS RAPID, this digital payment solution for ride-hailing companies lets drivers cash-out their earnings instantaneously, instead of having to wait up to two working days. 

Instant and hassle-free insurance claim payment

Leading insurance companies use a payment solution powered by DBS RAPID to reduce the payment processing time of a travel insurance claim from a few days to just seconds. 

If you are looking for more IDEAL RAPID case studies:

DBS IDEAL RAPID in action

Download casebook
Our APIs

Find an API solution based on your specific business needs 

Informational APIs

APIs that provide bank related information to you 

  • Bank account verification 
  • Bank statements 
  • FX enquiry 
  • Inward credit confirmation 
  • Transaction status enquiry 
  • Bank account balance enquiry 
Transactional APIs

APIs that allow you to perform transactional banking services 

  • Remittance Payments 
  • Low Value Payments 
  • Real-time Payments 
  • FX Booking 
Workflow APIs

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

  • Interoperability Payments 
  • Cloud ERP Ecosystem Integration 
  • Direct Debit Authorisation 
  • Bank Statements Provisioning 
Awards
global-finance-best-digital-bank-2020

Global Finance

The World's Best Digital Banks Awards 

  • Most Innovative Digital Bank, APAC, 2019 - 2020 
  • Best Corporate / Institutional Digital Bank, Singapore, 2020 
the-asset-asian-awards-2020

The Asset

Digital Awards 2020 

  • Digital Bank of the Year, Singapore, 2016 - 2020  
  • Best API Project, Singapore, 2020 
the-asset-asian-awards-2020

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 

  • Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020 
global-finance-best-digital-bank-2020

Global Finance

The World's Best Digital Banks Awards 

  • Most Innovative Digital Bank, APAC, 2019 - 2020 
  • Best Corporate / Institutional Digital Bank, Singapore, 2020 
the-asset-asian-awards-2020

The Asset

Digital Awards 2020 

  • Digital Bank of the Year, Singapore, 2016 - 2020  
  • Best API Project, Singapore, 2020 
the-asset-asian-awards-2020

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards 

  • Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020 
FAQs
What is DBS IDEAL RAPID?

DBS  IDEAL 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 IDEAL RAPID, our customers can seamlessly integrate DBS’ banking services into their systems or platforms for their banking needs. 

How will DBS IDEAL RAPID help my business?

DBS IDEAL 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 IDEAL RAPID enables all of these to be available to you 24/7. 

How long does it take to set up DBS IDEAL RAPID?

It typically takes between 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 IDEAL RAPID use?

DBS IDEAL RAPID uses REST API with JSON format & PGP implementation, which is a widely adopted industry standard, making DBS IDEAL RAPID easy to implement and integrate. 

How do I get started on DBS IDEAL RAPID?

Simply contact BusinessCare at 1500327 or +6221 2985 2800 (overseas) from Mondays to Fridays (excluding public holidays), 8.00 am to 5.00 pm. You can also email us [email protected] 

Get in touch
call

Call

From overseas: +6221 2985 2800
In Indonesia: 1500327
Operating hours: 8.00 am to 5.00 pm, Mon - Fri (excluding PH)