J&K Bank introduces API based ‘Open Banking Services’ for corporate

Srinagar, Jun 24: Strengthening its digital capabilities to enable ease of banking for businesses, J&K Bank has revealed its Open Banking initiative for corporate clients across the country, with Khyber Group of Companies becoming its first client under this cutting-edge platform.
Executive Director (ED) Sudhir Gupta today unveiled the initiative formally in presence of the Bank’s General Manager (Cross Selling) Narjay Gupta, General Manager (Govt. Business) Syed Rais Maqbool and General Manager (Strategy & IT) Imtiyaz Ahmad Bhat, DGMs and other senior officers during a function held at the Bank’s corporate headquarters.
Senior functionaries from Khyber Group including President Manzoor Ahmad Mir, Head (IT) Mohammad Ashraf Bhat, and CA Haroon Bashir from Khyber Cements along with Chief Finance & Commercials Kaisar Ahmad and Executive (IT) Shabir Ahmad from Khyber Aquaculture were also present on the occasion.
Speaking on the occasion, ED Sudhir Gupta said, “The introduction of Open Banking Services for our corporate partners is another significant milestone in the Bank’s digital journey. This also marks the beginning of a new era where banking services are no longer confined within branch walls, but are now embedded seamlessly within the business processes of our partners.”
“This milestone reflects our commitment to digital transformation, financial automation, and building a truly partner-centric ecosystem. We are delighted to begin this journey with the Khyber Group, and look forward to enabling many more of our partners to benefit from this technology-based financial solution”, he added.
On the occasion, he also congratulated the Bank’s IT team along with that of the Khyber Group for making the successful integration of systems possible.
He further said, “Let this be the first of many such successful collaborations.”