The partnership aims to boost infrastructure resilience and compliance on its API Exchange (APIX).
The ASEAN Financial Innovation Network (AFIN) is partnering Nasdaq-listed data center giant Equinix to accelerate financial services innovation in Singapore and the global fintech ecosystem.
The collaboration will provide a dedicated on-premise APIX sandbox on Equinix’s platform for financial institutions (FIs).
This offers fintechs on its APIX Exchange platform a fast-provisioning and affordable, enterprise-grade, cloud-like, single tenanted hardware for production services, and allows them to scale on-demand at speed and interconnect physically and virtually to Equinix’s financial services ecosystem that consists of more than 1,800 networks, 3,000 cloud and IT service providers and 1,100 financial services companies across 64 global cities, the announcement said.
Digital Bridge
According to AFIN, given Southeast Asia's push for greater digitization and financial inclusion in recent years, it is important to have a «robust digital bridge» between FIs’ IT infrastructure and fintechs’ cloud-native infrastructure.
«APIX will be able to streamline and facilitate infrastructure connectivity and integration, enabling FIs and fintechs in Singapore and Southeast Asia to scale on-demand while remaining compliant to the ever-changing compliance regulations,» an announcement on Thursday said.
AFIN was established in 2018 by the Monetary Authority of Singapore (MAS), the World Bank Group’s International Finance Corporation (IFC) and the ASEAN Bankers Association. Its flagship product APIX is a global cloud-based sandbox and marketplace for financial institutions and fintechs to collaborate and deploy solutions rapidly.
