Piraeus Bank goes live with new Open Banking platform

Source: Piraeus Bank

Piraeus Bank, the largest bank in Greece, announces the commercial live launch of their new open banking platform called “rAPId LINK”.

The new platform allows customers to have real-time access to their financial data and execute transactions, through third-party applications.

The platform also enables software companies and developers to provide applications to their customers, via the Bank’s systems in real-time, while always maintaining the highest security standards for the end customer.

The following services are available and are delivered through five basic APIs:
o Identity & Personal Information
o Customer Product Portfolio
o Deposit Accounts
o Credit / Prepaid / Debit Cards
o Execution of Transfers / Remittances
o Execution of Mass Transfers / Remittances & Payroll
o Utility type Bill Payments (Electricity, Telco, Water, etc.)
o General information about the Branches Network and ATM, APS

The bank will continue to enrich the platform with new services and transaction types. All the published services are always under the secure and total control of the end customer.

George Kotsakis, Piraeus Bank’s Assistant General Manager, commented on the launch saying, “We are closely monitoring all the new technological advances and trends that could benefit of our customers, and so we decided to adopt the Open Banking architecture, providing banking services that are fully integrated with third-party systems.”

“The new “rAPId LINK” platform, designed and implemented by our Innovation Center and Group Technology, allows us to offer a new exceptional banking experience, by facilitating financial transactions right where our customers transact, work and live. The platform has gone live, and many of the major Greek software companies, like Entersoft, EpsilonNet, SoftOne, SingularLogic, Unisoft and others, have already implemented the interfaces with our APIs and integrated the available services into their systems. We can now offer our common customers the new banking experience, embedded with their value added services.”

Piraeus Bank welcomes all software companies that are interested to utilize the platform and interface with the new services.
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