Key part of open innovation is the ability of Banks & NBFCs to offer low friction environment to partners. One of this offering is a Sandbox with critical APIs & documentation on cloud. This environment would be separate from bank’s test environment to ensure that there is minimal security / compliance challenges.

Availability of customer authentication, customer creation, payments, credit APIs will help the partners in creating innovative solutions.

Without this, the partners will struggle through the bank’s access control, compliance and tech teams. Time to provision Sandbox is now…

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