Danske customers who have a personal current account with Santander can choose to view their Santander balances and transactions when they log on to Danske’s New Mobile Bank, giving them a clear view of their money without switching between apps.
More banks will be added in the coming months. In the UK, Barclays is the only other bank to offer account aggregation inside its mobile banking app. The new feature is enabled by industry-approved Open Banking technology. Open Banking lets customers authorise access securely without having to reveal their username or password to anyone other than their bank. It works using application programming interfaces (or APIs), the same technology that lets you book a hotel room using an online travel booking site, or to sign in to online accounts using Facebook.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.