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.
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