APIX is an initiative of the ASEAN Financial Innovation Network (AFIN), a not-for-profit entity that was jointly formed by the Monetary Authority of Singapore (MAS), the World Bank Group’s International Finance Corporation (IFC) and the ASEAN Bankers Association. It is a global, open-architecture platform that supports financial innovation and inclusion in ASEAN and around the world.
APIX was launched at Singapore FinTech Festival 2018 by Prime Minister Narendra Modi of India and Deputy Prime Minister Tharman Shanmugaratnam of Singapore.