Jonathan Prince, Finologee’s co-founder, and CSO

Luxembourg-based financial-industry digitization provider Finologee has announced that it has collaborated with French fintech LaFinBox in a bid to offer account aggregation APIs as well as integrate the latter’s Personal Financial Management (PFM) application for delivering a 360-degree tool to end clients.

Jonathan Prince, Finologee’s co-founder and CSO commented, “PSD2 played the role of innovation catalyst in the banking industry and end customers are eager to access the new products and services emerging from the FinTech world. By connecting institutional clients with cutting-edge financial solutions, such as those developed by LaFinBox, we are empowering them to raise the quality of their client services. Through our Trusted Fintech Platform, we work hard to source, verify and offer APIs, products, and services that exceed customer expectations.”

According to the supplier, its fully compliant APIs combined with the fintech’s LaFinBox application, are expected to provide real-time aggregation of personal financial data along with customized insights and financial tools. Through the partnership, LaFinBox aims to provide white-labeled API solutions to financial institutions for enhancing their web or mobile banking interfaces.

Stéphane Vallois, LaFinBox’s co-founder said, “LaFinBox’s clients often own several accounts across Europe. For many months now, the demand to aggregate these accounts and having a global vision of user’s wealth has been surprisingly increasing. Our partnership with Finologee will enable us to respond to this demand quickly and efficiently.”

Established in 2015, LaFinBox is a mobile asset management application that aims to provide its users with an overview of their finances by consolidating all of their assets.

Established in 2017 in Luxembourg, Finologee is a RegTech specialist and provides a variety of tools that help their clients’ to enhance their customer experiences and business processes such as ID document validation, video chat, electronic signatures, access to bank accounts and other payment modules, various KYC and remediation tools, as well as storage and messaging feature.

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by Megha Bhattacharya
Market Analyst at IBS Intelligence
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