The ASEAN Financial Innovation Network (AFIN) was established as a non-profit organisation in 2018 by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC), a member of the World Bank Group, and the Monetary Authority of Singapore (MAS). AMTD Foundation and Mastercard are AFIN’s Corporate Founding Members.

AFIN was set up with the mission to facilitate innovation and collaboration between financial institutions and FinTechs, in order to digitally transform the financial sector and enhance financial inclusion across the ASEAN region and beyond.

To support this mission, AFIN launched the API Exchange (APIX). APIX is the world’s first cross-border, open-architecture API marketplace and sandbox platform for collaboration between FinTechs and financial institutions in which participants can integrate and test solutions with each other via a cloud-based architecture. It brings together financial industry participants to Discover, Design and Deploy innovative digital solutions within a collaborative ecosystem.