By the end of May Saxo Bank released Saxo’s Developer portal as another cornerstone of Saxo Banks ongoing open banking strategy. Saxo’s Open Banking strategy is built on the premise that going forward an increasingly broader range of partnerships and collaborations will be the new disruptive factor in the financial industry. As part of this vision, Saxo has made its multi-asset trading infrastructure available to a wide ecosystem of third-party developers, fintechs, vendors and partners, enabling them to connect their enterprises directly to Saxo’s complete trading engine.
Benny Boye Johansen, Head of Open API comments:
“Open Banking has become a buzz word in the financial industry, but Saxo Bank’s multi-asset trading infrastructure is unique in actually making it possible to tap into almost any part of the value chain using a combination of APIs and technologies. Partnerships and collaboration are key to Saxo Bank’s business model as a facilitator, so we wanted the new portal to be a natural resource for developers no matter what case they were trying to fulfil”
Since 2015 Saxo Bank has been a frontrunner on open banking and say they will continue to improve developer tools and documentation as more API’s are added. This is in line with their strategy to gradually share new functionality on an ongoing basis as it is being made available and used by Saxo’s own trading platforms.