News

Informer to launch next-generation Open Banking solution

Friday 10 December 2021 15:00 CET | News

After a successful pilot with Rabobank, Informer has obtained access to a newly developed API connection, according to Holland FinTech

With this API, bank data can be directly loaded into Informer without the intervention of a third party. This link is a logical next step to the recent PSD2 legislation for Open Banking as it resolves several major drawbacks of PSD2. Open Banking has experienced strong growth in recent years and continues to do so. Many companies offer financial solutions, making integrations and connections with real-time banking data essential for new solutions.

Rabobank has developed a new API that reportedly provides a faster and more accurate picture of the financial situation of a company. With this API, business owners only need to give Informer access to their financial data once. This contrasts with the PSD2 legislation that requires customer approval every 90 days. 

In addition, with this API, the account information of entrepreneurs can be requested much more frequently than with PSD2, where this is only requested four times a day. Finally, entrepreneurs now also have insight into their savings account through Informer, a frequently mentioned shortcoming of the PSD2 guidelines.


Source: Link


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: API, product launch, Open Banking, PSD2
Categories: Banking & Fintech
Companies:
Countries: Netherlands
This article is part of category

Banking & Fintech






Industry Events