Swedbank rolls out open banking platform

Friday 10 November 2017 00:51 CET | News

Swedbank has announced the release of an open banking platform to work with fintechs and developers for the upcoming PSD2.

The platform will make the most of developments required under the PSD2, which must be applied in national legislation from January 2018, and aims to encourage new players to enter the payment market.

The bank’s open banking platform will provide third parties access and, as a first-step, it has created a ‘sandbox’ environment where partners can test their new ideas with the bank.

Swedbank has 7.4 million private customers and more than 600,000 corporate customers. It is a full service bank with four home markets, in Sweden, Estonia, Latvia and Lithuania, and international branches worldwide.

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Keywords: Swedbank, Open Banking, fintech, PSD2, online banking, payments
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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