Singapore ranks top in the Asia-Pacific region for its advanced open banking readiness, a survey released on Wednesday by global financial software provider Finastra has found.
The Finastra Inaugural Open Banking Readiness Index measured 146 top banks across 14 markets in the region on five dimensions – adoption of application program interfaces (APIs), fintech/third-party ecosystem, the state of data-based transformation, data monetisation and the state of innovation.
