The cooperation is intended to make it easier for providers and users of financial services to use Open Finance. According to a SIX representative, this cooperation does not mean a bundling of fintech offers, as there is currently no joint platform planned. It is a matter of future technical cooperation, which addresses the lack of standardised integration of third-party providers into the systems of financial service providers. The partnership will result in an end-to-end solution for the implementation of open networks.
Swisscom has focused on integration, while SIX has specialised in a uniform participation contract as well as structured and standardised testing of third-party providers. The companies want to increase the compatibility of their respective hubs, so banks and third-party providers are promised access to a broader network of potential partners. Swisscom provides an integration layer, which companies can use to connect their systems with the Open Business Hub (OBH) from Swisscom and, in the future, also with bLink from SIX. Swisscom supplements its OBH with digital consent management from bLink, which handles the process of granting the customer's consent for the use of their data.
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.