back Back

iBanFirst rolls out new open banking capability with Klarna

By Megha Bhattacharya

June 30, 2021

  • Europe
  • IbanFirst

iBanFirst is further enhancing its services with the rollout of new open-banking capabilities in its ambition to become the European leader in B2B cross-border payments. The iBanFirst Open Banking Barometer evaluates the open banking coverage across Europe for SMEs. This tool will provide a country-by-country effective measurement of the availability of both account aggregation and payment initiation.

iBanFirst’s CEO and Founder, Pierre-Antoine Dusoulier, said: “While the historical banks’ lack of enthusiasm made it difficult to develop effective open-banking solutions, iBanFirst managed to overcome the hurdles on the road to open-banking with a solution that is both scalable geographically and stable through time. Being able to access data from their external bank accounts and initiate payments on the iBanFirst platform, remove yet another barrier in our client’s payments operations. While they previously had to resort to external online banking tools to credit their iBanFirst account, they can now channel funds directly on the iBanFirst platform which really becomes their centralised interface for all FX operations.”

iBanFirst has opted for a multi-partner architecture, along with Klarna Open Banking, the European open-banking network. iBanFirst can now offer its clients ways to interact with their finances, no matter where their accounts are located and how compliant their banks are with PSD2’s provision.

Klarna’s Global Head of Open-Banking Russ Carroll,commented: “As one the largest open-banking networks in Europe, it made sense for us to join forces with a European leader in FX solutions. Our fast-growing coverage of banks and countries combined with iBanFirst’s vision of open banking benefits will empower customers through innovative financial services.”

Recently, iBanFirst announced the launch of Payment Tracker, a real-time payment tracking service offering live updates on the status of international payments at any stage of the fund transfer process. The solution also highlights potential hurdles and delays along the payment’s journey, thus enabling mid-cap and SME clients can trace payments the same way consumers can track parcels.

Previous Article

June 30, 2021

Cross-Border B2C e-commerce market value predicted to surge by 2026

Read More
Next Article

June 30, 2021

SimCorp and SIX extend partnership to strengthen Open Platform drive

Read More

IBSi Daily News Analysis


February 23, 2024


Regulated firms battle surge in financial crime attempts, research reveals

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


Ebury and Nium team to offer cross-border payments in Brazil

Read More


MultiPay teams up with to launch Pay By Bank

Read More


UNIPaaS unveils AI payment assistant solution for SaaS platforms

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