UNNAX, a provider of Open Banking solutions in the Spanish market, has obtained a triple license (registration number 6719) from the Bank of Spain.
After an extensive regulatory review process, the Bank of Spain has approved UNNAX’s application to become a regulated Electronic Money Institution, Account Information Service Provider (AISP) and Payment Initiation Service Provider (PISP).
The company becomes the first Fintech in Spain to obtain this trio of licenses, becoming the only Spanish provider of Open Banking and ‘e-money’ services. As a regulated entity under the Bank of Spain, UNNAX is subject to stricter standards than other Open Banking providers in terms of security, reporting and regulatory compliance.
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 The Paypers website, they in no way represent the opinion of The Paypers.