J&K Bank has launched its API-based Open Banking platform for corporates, enabling seamless integration of banking services within enterprise systems.
The announcement was made at the bank’s corporate headquarters, with Sudhir Gupta, Executive Director formally inaugurating the service in the presence of senior leadership from the Khyber Group of Companies.
This digital initiative is designed to streamline financial operations for large businesses by allowing direct integration of banking functionalities such as automated payments, real-time transaction tracking, and reconciliation into ERP and other internal systems. With this, corporations like Khyber Group can automate vendor payments, reduce manual intervention, and improve transparency in their financial workflows.
Speaking at the launch, Sudhir Gupta, Executive Director, described the move as a major milestone in J&K Bank’s digital transformation journey.
“Embedding banking functions within our partners’ business processes marks a new era of efficiency, automation, and value-added collaboration,” he said.
Imtiyaz Ahmad Bhat, General Manager, Strategy & IT, J&K Bank, emphasised that the platform empowers businesses to achieve greater speed, accuracy, and scalability in financial transactions. He noted that the bank is committed to delivering customer-centric innovations that support enterprise growth.
A senior representative from the Khyber Group also praised the initiative, stating that direct API integration will significantly enhance their operational efficiency and help in real-time reconciliation of financial data.
With this launch, J&K Bank positions itself at the forefront of enterprise-focused digital banking in the region, reinforcing its commitment to building smarter and more connected financial services for corporate clients.
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