DBS RAPID

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

Digitisation

Digitise operations and gain workflow efficiencies with STP and real-time account information feeds and transactional capabilities.

Speed

Speed

Massively speed up your operations through end-to-end real-time transactions without the need for batch based, end-of-day processing.

Interconnectivity

Interconnectivity

Power ecosystems through collaboration, integration and transactional capabilities across multiple systems.

Features & Benefits
Information Reporting
Information Reporting

APIs that provide bank related information to you

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

APIs that allow you to perform transactional banking services

  • Remittance Payments
  • Low Value ACH Payments
  • Real-time Payments
  • FX Booking
  • Real-time Collections
  • eACH
Workflow
Transactional

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

  • Interoperability Payments
  • Cloud ERP Ecosystem Integration
  • Direct Debit Authorisation
  • Bank Statements Provisioning
How it Works
Case Studies
Accounting made easy Save time when you connect your company’s DBS bank accounts to Xero’s accounting platform DBS, Asia’s leading SME bank, and Xero, a leading global cloud accounting platform, have launched an API-driven bank statement feed integration that will transform how you manage your company’s finances.

 

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

Discover Our API Offerings that is built to support your business and your customers’ needs Contact your Relationship Manager or e-mail DBS BusinessCare at businesscaresg@dbs.com

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 verification, real-time payments & collections, and direct debit authorisation 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 will 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 initiate direct debit authorisation in real-time, provide 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 DBS BusinessCare by calling 1800 222 2200 or +65 6222 2200 if you are calling from overseas. We are available Monday to Friday (except public holidays), between 8:30am and 8:30pm. You can also email us here.
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