TORONTO, April 12, 2019 - RBC’s innovative application programming interface (API) strategy has been recognized with a Celent Model Bank Award for most holistic and pervasive API approach. The award distinguishes RBC’s API strategy which included the launch of three API platforms that help deliver leading-edge solutions to our clients: an external public API portal; an internal private portal; and a partner API platform.
The Celent Model Bank Awards recognize best practices of technology usage in different areas critical to success in banking, and is the main award that a financial institution (FI) can receive from Celent. It acknowledges a financial institution’s effective use of technology in specific areas.
“RBC knows that APIs are changing the way our clients interact with us and the world. At the same time the technology can lower the cost of development and operations while increasing our speed to market,” said Bob Blainey, VP, P&CB Architecture and Platform Engineering. “We’re proud to be recognized by Celent for bringing a leading API strategy to banking.”
RBC was the first Canadian bank to launch an external API platform – RBC Developers™. RBC Developers enables eligible external software developers, industry innovators and clients to access select RBC APIs to increase connectivity, create new tools and experiences for clients, and enable open and innovative collaboration to improve the future of banking.
In 2018 RBC won the Model Bank Award for NOMI Insights and NOMI Find & Save, and digital employee activation strategy in the Employee Productivity category. RBC was the first bank in North America and among a handful globally, to launch a mass-scale artificial intelligence (AI) based digital service that offers insights about a client’s financials (NOMI Insights) and a fully automated savings solution (NOMI Find & Save) that uses predictive technology to identify money in a client’s cash flow that can be automatically saved.