Siddhartha Bank Launches BaaS API Platform Rapid to Automate Corporate Banking Services
11th October 2026, Kathmandu
Siddhartha Bank Limited has officially introduced its Banking as a Service (BaaS) platform named ‘Rapid’ at the Nepal Fintech Expo 2026
SBL Launches BaaS API Platform
The aim is to simplify corporate financial operations.
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Platform Capabilities and System Integration Features
The API-based platform connects banking systems directly with fintech firms, corporate systems, and digital service providers to streamline daily financial management.
- Banking as a Service Integration: Enables corporate clients, small businesses, and large enterprises to access banking functionalities directly within their existing Enterprise Resource Planning (ERP) systems.
- Direct Treasury and Reconciliation Automation: Allows users to check live account balances, generate bank statements, manage treasury workflows, and automate transaction reconciliation without logging into separate banking portals.
- Digital Consent and Onboarding: Simplifies activation via a one-time ‘Connect with API Banking’ form, featuring a fully digitized customer consent process modeled after mobile banking registration.
- Advanced Data Security Protocols: Implements end-to-end encryption, multi-factor authentication, and secure communication channels to safeguard sensitive corporate transaction data.
- Launch Venue: Formally unveiled during the Nepal Fintech Expo 2026 in Kathmandu.
For More: SBL Launches BaaS API Platform
