January 5, 2024: In a significant move to empower its members and foster collaboration in the ever-evolving fintech landscape, the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) A-NET service unit is providing technical assistance and consultancy to members.

A-NET service unit aims to serve as a platform to facilitate I.T. knowledge exchange, technical support, and strategic insights to keep members abreast of the latest trends and advancements in the fintech sector. The initiative aligns with ADFIAP’s commitment to promoting innovation and excellence within the financial industry.

ADFIAP has unveiled the ADFIAPNET Open Finance Initiative in its Almaty Annual Meetings, held on May 2023, which was approved by the members of the Board. This groundbreaking endeavor is geared towards establishing a data-sharing ecosystem among ADFIAP members. The key focus of the initiative is creating and sharing APIs to facilitate the creation of new financial services and collaboration among members.

The ADFIAPNET Open Finance Initiative marks a pivotal moment for ADFIAP and its member institutions. Through shared APIs, members will be able to integrate and leverage each other’s technological capabilities, fostering a collaborative environment that accelerates innovation and adaptation to emerging trends.