back Back

Danske Bank UK and Aiia to launch multi-banking for businesses and corporates across the UK and Republic of Ireland

By Joy Dumasia

November 11, 2021

  • API
  • Collaboration
  • Digital Transformation

Northern Bank Ltd, trading as Danske Bank UK, is announcing that it has partnered with the European Open Banking platform, Aiia (recently acquired by Mastercard) to deliver innovative digital solutions to help its more than 20.000 businesses and corporate customers through its business banking platform, District.

The partnership will give all of Danske Bank UK’s customers a hassle-free and simple approach to managing company funds in one place and remove obstacles from switching between business banking platforms to get a full overview of their financial situation across banks. The new feature ‘Accounts from other banks’ utilises open banking and provides real financial transparency for business customers. Danske Bank will pilot this new feature with businesses keen on using the new product extension in the coming weeks.

The partnership also opens up for a new market entry for Aiia, who will be focusing heavily on empowering the UK and Ireland with their high quality and privacy driven approach to open banking. Today, the open banking platform connects to more than 3,000 banks across Europe, and the UK is a key market in Aiia’s expansion plans for 2022.

David Thompson, Head of Digital Channels of Danske Bank UK, said: “We’re delighted to sign this agreement with Aiia, which will allow us to deliver innovative digital solutions for our customers. Many of our business customers use more than one bank, and they have told us it’s difficult to overview all their accounts and transactions. In response to this feedback, we’ve developed “Accounts from other banks”, which enables businesses to view accounts and payments across banks in a single view in our business banking platform, District. Partnering with Aiia in the UK was the natural choice for us, as they’ve shown full commitment to building a secure and compliant platform through a quality-driven approach.”

IBS Intelligence recently reported that Danske Bank, the leading bank in Denmark, brings the Danish domestic payment scheme, Dankort, to Apple Pay. This will enable Danske Bank customers to use their co-badged Visa/Dankort card in physical stores or online via Apple Pay.

Previous Article

November 11, 2021

Shriram Capital appointments Ajay Thomas John as Chief Digital Officer

Read More
Next Article

November 11, 2021

Digital Federal Credit Union builds modern, serverless Cloud infrastructure with SnapLogic

Read More

IBSi Daily News Analysis

February 20, 2024


GCC banking landscape: UAE and Qatar lead in net sentiment

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 21, 2024

Billhop and Eurocard to streamline B2B bill payments in the Nordics

Read More

February 21, 2024

OpenPayd bolsters instant payments solutions with TrueLayer

Read More

February 21, 2024

ADIB taps ProgressSoft’s Payments Hub to elevate banking technology

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023