Bankdata selects Nordic API Gateway to boost open banking service delivery in Denmark

By Megha Bhattacharya

Denmark-based Bankdata has enabled open banking service from Nordic API Gateway to its 9 member banks and around 1.7 million customers. The collaboration will allow banks using Bankdata to leverage PSD2 for delivering actionable open banking solutions, speed up open banking features for businesses and consumers and enable users to gain a complete overview of their finances.

Claus Hjort Bjerre, Development Director at Bankdata said,“ We must be an active player in an open ecosystem if we want to be among the best to support our customers’ needs for IT development. With this specific collaboration, we’re able to keep delivering on our promise to create, implement and run high-quality IT solutions for our member banks and use the best technology in the field to increase competition and growth with the consumer in mind.”

Bankdata consists of the following banks: Jyske Bank, Alm Brand Bank, Djursland Bank, Kreditbanken, Nordfyns Bank, Ringkjøbing Landbobank, Skjern Bank, Sparekassen Sjælland-Fyn, and Sydbank.

Rune Mai, CEO & Founder of Nordic API Gateway, commented, “We’re happy to collaborate with Bankdata and enable all its member banks to take full advantage of PSD2 to build even greater offerings giving businesses and consumers the instruments to make smarter financial decisions. The partnership fits well into our dual focus strategy of being the leading open banking provider for banks and financial institutions across Europe in 2021 and the preferred payment infrastructure for instant payments.”

Recently, Nordic API Gateway announced a partnership with payment service provider Svea with an aim to enhance the checkout process for merchants in Finland. Merchants will now be able to simplify the payment process and increase security for consumers. Svea is expected to launch open banking payments in Finland, followed by markets across the Nordics and Baltics.

He added, “By partnering with an additional 9 financial institutions, we’re now fully cementing our position as leaders and advisors in the Nordic ecosystem with the empowerment of more banks and financial institutions than any other aggregator in the Nordic countries.”