IBS Journal: The iconic monthly FinTech magazine

February 2020 issue out now! Subscribe now

Launching India FinTech Report 2020

Market sizing and forecast of Digital Lending, Payments, WealthTech & RegTech. Subscribe now

Leading Back Office Systems for Banks

In-depth Supplier Profiles and User Lists. Subscribe now

In-depth Banking Tech and FinTech Research

Over 300 research reports that's updated quarterly. Subscribe now

Nordic API Gateway to offer payment initiation for DNB

Rune Mai, CEO and Founder, Nordic API Gateway

Open banking platform, Nordic API Gateway has announced the extension of its partnership with Norwegian bank DNB in a bid to enable customers to pay from other banks within DNB’s mobile banking app. The partnership will allow customers as well as non-customers (soon to be launched) to perform instant account-to-account payments from any bank within DNB’s own mobile bank.

CEO & Founder of Nordic API Gateway, Rune Mai, said, “What we’re seeing here is next-level open banking. DNB has become a financial institution trailblazer both by aggregating data from all Norwegian banks and by empowering customers to pay bills and transfer money between non-DNB accounts. It’s also a clear testament to the platform quality Nordic API Gateway is providing. We’re the only open banking platform that actually delivers full coverage of the markets we are in for both personal and business accounts, together with a payment initiation service that is delivering more frictionless convenience to the Nordics and beyond.”

Recently, Nordic API announced a partnership with Finnish financial institution OP Financial Group for enabling the latter in the implementation of account information services and account to account payment integration.

Group Executive Vice President Retail Banking at DNB, Ingjerd Blekeli Spiten, said, “This is an important step in the direction of becoming the mobile bank for all Norwegians. We’re giving our customers huge flexibility as they’re now able to make payments and transfers between their own accounts across several different banks. For us, it’s all about making it easier for customers to gain a full financial overview no matter how many banks they might have and Nordic API Gateway enables us to do exactly that”.

Established in 2016, Nordic API Gateway enables access to financial data and account-to-account payments. It has received backing from Danske Bank and DNB and aims to standardize the format of financial data and payments. It delivers a go-to-market open banking platform, enabling clients to deliver breakthrough solutions to their customers.

Related Posts