Alinma Bank of Saudi Arabia has teamed up with IBM to offer a new API platform that makes use of the tech giant's AI integration and hybrid cloud capabilities.

With support for almost all banking channels, including retail and business-to-business, Alinma Bank's centralized API repository is today a vital part of the Bank's IT infrastructure. Alinma's objective of giving fintech partners and corporate clients easy access to cutting-edge digital solutions is in line with its partnership with IBM.

Alinma's API platform offers a safe, scalable infrastructure for Fintechs and SMEs with IBM Cloud Pak® for Integration, IBM API Connect®, Red Hat OpenShift on IBM Cloud, and IBM DataPower. This improves user experience and expands the bank's presence in the financial services industry.

With IBM's API Connect serving as the core solution in this architecture, the platform's deployment expedited the integration of important internal systems, such as the onboarding, pricing, and payment procedures, streamlining intricate setups to deliver dependable, consistent services. Alinma can maintain a safe, centralized repository for vital financial data while guaranteeing compliance and consistency throughout its API lifetime thanks to Red Hat OpenShift's scalable deployment capabilities and IBM's API Connect.

According to Fahad Alanazi, General Manager of IBM Saudi Arabia, their partnership on the API Monetization platform gives Saudi fintech and SMEs more opportunities. They anticipate that their collaboration will continue as Alinma leads the way in financial services innovation in the Kingdom.