Doha Bank launches API banking product for seamless corporate banking
Doha
Doha Bank is proud to unveil its new API banking product, tailored to streamline and enhance the banking experience for corporate clients. Doha Bank is one of the first in Qatar to launch Open Banking services for transactional and reconciliation services. In line with its commitment to innovation and digital transformation, this state-of-the-art offering features transaction processing, transactional status updates, and reconciliation reporting APIs, providing businesses with seamless connectivity to the core banking system.
The API banking product enables corporate clients to securely transmit transaction data from their Enterprise Resource Planning (ERP) systems to Doha Bank's core banking system for efficient processing. Through the same integration, clients receive real-time updates on transaction statuses, ensuring they remain informed and in control of their operations.
Additionally, the solution automates reconciliation processes by delivering detailed reports such as MT940 directly to ERP systems, reducing manual intervention and improving accuracy.
Commenting on the launch, Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'The introduction of our API Banking product represents a pivotal milestone in Doha Bank's digitalisation journey. This innovative solution empowers our corporate clients with secure, efficient, and always-on access to our banking services, reinforcing our position as a leader in financial technology and corporate banking.'
Doha Bank's API Banking product offers businesses an advanced, end-to-end encrypted solution that ensures security, efficiency, and continuous connectivity. It is designed to enhance corporate banking operations and aligns with the Bank's broader mission to leverage digital innovation to elevate client experiences while supporting Qatar's vision for technological advancement.
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