DBS RAPID

At a glance

DBS RAPID is a digital solution that leverages DBS’ application programming interface (API) capabilities.

RAPID facilitates business transactions within your ecosystem by integrating real-time processing of payments, receivables and information enquiries into your business workflows.

It is an effective way of leapfrogging legacy platforms and technologies that not only drives efficiency and cost savings for our clients, but also significantly enhances the customer experience.

DBS offers nearly 180 types of highly-modular APIs that can be combined to suit varying client needs.

We have worked with many clients to co-create API-driven solutions that give them a competitive edge.

Benefits

Optimise workflows

Gain workflow efficiencies with straight-through processing and real-time account information feeds and transactional capabilities

Increase productivity

Speed up your processes with end-to-end real-time transactions without the need for batch based, end-of-day processing

Improve connectivity

Enhance the power of ecosystems through collaboration, integration and transactional capabilities across multiple systems

Highly customisable

RAPID’s modular nature enables APIs to be combined in different ways to meet the needs of various industries, including Airlines, eCommerce, Food & Beverage, Healthcare, Insurance, Logistics, Manufacturing and Real Estate

How it Works

Instant Payment
Build trust and enhance customer experience by offering an instant funds transfer setup on your online platform.

Direct Debit Authorisation
Deliver seamless customer experience and improve your cash flow by offering an instant direct debit authorisation setup on your platform.

FX Enquiry
Simplify funds purchase for your customers through FX rates enquiry API.

Our APIs

Find an API solution based on your specific business needs

Information Reporting

APIs that provide bank related information to you

Transaction Status Enquiry
Bank Account Balance Enquiry
Bank Account Verification
FX Enquiry
Inward Credit Notification

Transactional

APIs that allow you to perform transactional banking services

Remittance Payments
FPS Payments
FPS Collections
FX Booking
Account Payable Financing
Account Receivable Financing
LC Issuance & IBLC

Workflow

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
Virtual Account Creation & Deletion

FAQs

	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 +852 2290-8068. We are available Monday to Friday (except public holidays), between 9am and 6pm or Saturday 9am to 1pm. You can also email us at [email protected]