rapid

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 :

  • Bank Account Verification
  • Bank Account Balance Enquiry
  • Bank Account Activities Enquiry
  • Inward Credit Confirmation
  • Transaction Status Enquiry
  • FX Enquiry
     
Transactional

APIs that allow you to perform transactional banking services :

  • Account Transfer
  • SKN Transfer
  • RTGS Transfer
  • Telegraphic Transfer
  • Real-time Online Transfer
  • FX Booking
  • Static Virtual Account Creation
     
Workflow

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

  • Could ERP Ecosystem Integration
  • Bank Statements Provisioning
     
How it Works
Case Studies
Instant and hassle-free insurance claim payment
Leading insurance companies and DBS collaborate to offer instant travel claims payments Leading insurance companies partner DBS to offer instant electronic payments to its customers for travel insurance claims. Powered by DBS RAPID, this solution reduces the processing time of a travel insurance claim from a few days to seconds, delivering joyful experiences to its policyholders.

 

Driving with faster payments
Instant cash-out direct into drivers’ bank accounts Ride-hailing companies partner DBS to enable instant payments to its drivers. Powered by DBS RAPID, this digital payment solution lets drivers cash-out for their earnings instantaneously, instead of having to wait up to two working days.
How to Apply

Sign up for DBS IDEAL, Terms and Conditions apply.

FAQ
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 activities information, bank account verification, real-time payments & collections, 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 can 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 execute 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 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 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.
How do I get started on DBS RAPID?

Simply contact your Relationship Manager or DBS BusinessCare by calling 1500380 (Indonesia) or +6221 8082 6902 (Overseas). We are available Monday to Friday (except public holidays), between 08:00 - 17.00.
Awards

Bank Indonesia : Bank Indonesia Awards 2023
Best SP Digital Innovation Participant (BI-FAST), 2023

The Asset : Treasury, Trade, SSC and Risk management Awards 2020
Best Payments and Collections Solution : powering instant disbursements using API connectivity.

The Asset : Digital Awards 2020
Best API Project, Singapore, 2020 

Global Finance : The World's Best Digital Banks Awards 
Best Corporate / Institutional Digital Bank, Singapore, 2020

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