At a glance

DBS IDEAL RAPID is a digital solution that leverages DBS’ application programming interface (API) capabilities.

DBS IDEAL RAPID facilitates business transactions within your ecosystem by integrating real-time processing of payments, receivables and information enquiries into your business workflows.

It is an effective way of leapfrogging legacy platforms and technologies that not only drives efficiency and cost savings for our clients, but also significantly enhances the customer experience.

DBS offers nearly 180 types of highly-modular APIs that can be combined to suit varying client needs.

We have worked with many clients to co-create API-driven solutions that give them a competitive edge.

Benefits

Optimise workflows

Gain workflow efficiencies with straight-through processing and real-time account information feeds and transactional capabilities.

Increase productivity

Speed up your processes with end-to-end real-time transactions without the need for batch based, end-of-day processing.

Improve connectivity

Enhance the power of ecosystems through collaboration, integration and transactional capabilities across multiple systems.

Highly customisable

RAPID’s modular nature enables APIs to be combined in different ways to meet the needs of various industries, including Airlines, eCommerce, Food & Beverage, Healthcare, Insurance, Logistics, Manufacturing and Real Estate.

Case studies

Driving with faster payments

Powered by DBS RAPID, this digital payment solution for ride-hailing companies lets drivers cash-out their earnings instantaneously, instead of having to wait up to two working days.

Instant and hassle-free insurance claim payment

Leading insurance companies use a payment solution powered by DBS RAPID to reduce the payment processing time of a travel insurance claim from a few days to just seconds.

If you are looking for more IDEAL RAPID case studies:

DBS IDEAL RAPID in action

Download casebook

Our APIs

Find an API solution based on your specific business needs

	Informational APIs
	APIs that provide bank related information to you Bank account verification Bank statements FX enquiry Inward credit confirmation Transaction status enquiry Bank account balance enquiry

	Transactional APIs
	APIs that allow you to perform transactional banking services Remittance Payments Low Value Payments Real-time Payments FX Booking

	Workflow APIs
	APIs that allow customers to seamlessly connect to and integrate with multiple systems Interoperability Payments Cloud ERP Ecosystem Integration Direct Debit Authorisation Bank Statements Provisioning

Awards

Global Finance

The World's Best Digital Banks Awards

Most Innovative Digital Bank, APAC, 2019 - 2020
Best Corporate / Institutional Digital Bank, Singapore, 2020

The Asset

Digital Awards 2020

Digital Bank of the Year, Singapore, 2016 - 2020 
Best API Project, Singapore, 2020

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards

Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020

Bank Indonesia

Bank Indonesia Awards 2023

Best SP Digital Innovation Participant (BI-FAST), 2023

Global Finance

The World's Best Digital Banks Awards

Most Innovative Digital Bank, APAC, 2019 - 2020
Best Corporate / Institutional Digital Bank, Singapore, 2020

The Asset

Digital Awards 2020

Digital Bank of the Year, Singapore, 2016 - 2020 
Best API Project, Singapore, 2020

The Asset

Treasury, Trade, Sustainable Supply Chain and Risk Management Awards

Best Service Provider E-Solutions Partner, Singapore & Indonesia, 2020

Bank Indonesia

Bank Indonesia Awards 2023

Best SP Digital Innovation Participant (BI-FAST), 2023

FAQs

	What is DBS IDEAL RAPID?
	DBS IDEAL RAPID (Real-time API by DBS) is a digital solution that can be integrated into our corporate customers’ systems or platforms to facilitate banking transactions and services in real-time. The banking services offered via APIs include, but are not limited to, bank account verification, real-time payments & collections, and direct debit authorisation etc.

	What is an API?
	API stands for Application Programming Interface. It is an easy way for two different systems to communicate with each other. With DBS IDEAL RAPID, our customers can seamlessly integrate DBS’ banking services into their systems or platforms for their banking needs.

How will DBS IDEAL RAPID help my business?

DBS IDEAL RAPID provides digital solutions to address your banking needs, reducing the time and cost you spend on manual/paper processes. This allows you to focus on growing your business without having to worry about the complex processes that occur behind the scenes. From our wide range of APIs, you can mix and match multiple APIs to meet your needs. Whether you are looking to perform bank account verification, credit confirmation, or initiate direct debit authorisation in real-time, provide real-time payments and collections (single and/or bulk) and live status updates; DBS IDEAL RAPID enables all of these to be available to you 24/7.

	How long does it take to set up DBS IDEAL RAPID?
	It typically takes between four to six weeks from inception to Go-Live to set up DBS RAPID. The time it takes is largely dependent on the readiness of the company to consume the DBS’ APIs.

	What kind of format does DBS IDEAL RAPID use?
	DBS IDEAL RAPID uses REST API with JSON format & PGP implementation, which is a widely adopted industry standard, making DBS IDEAL RAPID easy to implement and integrate.

	How do I get started on DBS IDEAL RAPID?
	Simply contact BusinessCare at 1500380 or +6221 8082 6902 (overseas) from Mondays to Fridays (excluding public holidays), 8.00 am to 5.00 pm. You can also email us [email protected]