Source: Nordic API Gateway
Today, the Open Banking platform Nordic API Gateway is announcing a new partnership with Finland's largest financial institution, OP Financial Group. OP Financial Group will collaborate with Nordic API Gateway to implement account information services (AIS) and account-to-account payment integration (PIS).
As the largest financial services group in Finland, OP Financial Group has identified Nordic API Gateway to work on new innovative projects.
"We’re proud and thrilled to provide OP Financial Group with our payment initiation and account aggregation services. With PSD2 in place, we’re happy that banks are leveraging Open Banking initiatives to benefit their customers. This also shows that Nordic API Gateway has built a strong technical solution that lives up to the compliance level banks are asking for. We’re happy to see OP Financial Group taking the first step towards implementing and leading these changes in Finland," says Rune Mai, CEO & Founder of Nordic API Gateway.
The partnership between OP Financial Group and Nordic API Gateway reflects how PSD2 is changing the banking landscape. PSD2 will create a strong competition to offer the best customer experience.
"PSD2 creates new opportunities for banks and challenges the industry to evolve. At OP Financial Group, we want to be a forerunner in utilising these opportunities. Customer experience, reliability and security are the most important factors for us when selecting new partners and developing our services," says Masa Peura, SVP, Payments and Personal Finance Management at OP.
Nordic API Gateway already provides its open banking platform to a wide variety of companies, ranging from banks to accounting systems in Finland, Norway, Denmark and Sweden. With the addition of OP Financial Group, Nordic API Gateway is now empowering some of the largest financial institutions in the Nordics with Danske Bank, DNB and Jyske Bank using its services as well.