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  • 20 November 2019 14:16

Ecosystm Signs Memorandum of Understanding to Promote API Exchange (APIX) in New Zealand

Adoption of the APIX Platform will reduce the barriers to entry and time to market for financial institutions in New Zealand and help them leverage fintech building blocks such as Compliance as a service.

SINGAPORE, 20 November 2019: Ecosystm, the disruptive technology research and advisory firm, has today announced the signing of a Memorandum of Understanding with the ASEAN Financial Innovation Network (AFIN) to promote the benefits of the APIX Platform to New Zealand fintechs and financial institutions.

APIX, the flagship product of AFIN, is a global cloud-based platform that enables financial institutions and fintechs to discover one another on a curated global marketplace, design experiments collaboratively in the sandbox and deploy innovative solutions rapidly at a lower cost. Adoption of the APIX Platform will reduce the barriers to entry and time to market for financial institutions in New Zealand and help them leverage fintech building blocks such as Compliance as a service. Similarly, fintechs from New Zealand will be able to connect to the growing global marketplace offered by APIX, to rapidly export their capabilities overseas.

AFIN is a non-profit organisation founded by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC), a member of the World Bank Group and the Monetary Authority of Singapore (MAS). Its Corporate Founding Members are AMTD Foundation and Mastercard. AFIN’s objective is to support experimentation and collaboration between financial institutions and fintechs so as to promote greater financial innovation and inclusion.

Manish Diwaan, Managing Director, AFIN, said, “Over the years, New Zealand has established a strong reputation as a source of cutting-edge fintech companies and services. Through our agreement with Ecosystm, we aim to make it easier for the entire New Zealand fintech ecosystem - whether you’re a financial service provider, start-up or regulator - to connect with a global audience in the quickest and most efficient manner.”

Ecosystm has been directly and closely involved with the Singapore and New Zealand government agencies in promoting interactions between their industry stakeholders around technology and building closer business partnerships. In addition, it has recently been a provider of fintech research to the New Zealand government.

As part of the agreement with AFIN, Ecosystm will become an exclusive AFIN partner to create awareness of the benefits of APIX in the New Zealand fintech community, its stakeholders, as well as government agencies.

Amit Gupta, CEO, Ecosystm, said “We look forward to fostering a strong relationship with AFIN. This agreement will enable Ecosystm to bring the greater benefits of APIX to New Zealand businesses who want to be a part of this innovative platform as they democratise and accelerate financial innovation – helping local fintechs access a much wider audience, and providing global organisations with an easier way to connect to the vibrant New Zealand market.”

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About Ecosystm

Ecosystm is a new age Technology Research and Advisory Platform that brings together tech buyers, vendors and analysts into one integrated platform. The firm moves away from the highly inefficient business models of traditional research firms and instead focuses on data democratisation, with an emphasis on accessibility, transparency and autonomy.

With technology becoming the number one source for innovation and differentiation, and global annual spending on technology due to exceed US$5 trillion by 2020, Ecosystm aims to enable all companies to harness the power of real-time market data and insights from best in class analysts to make informed decisions. Offering data and research input, sourcing and subscription services, Ecosystm promises its users in-depth and relevant research by default.

For more information, please visit http://www.ecosystm360.com.

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