Nets Enter Into Open Banking Partnership with Finnish Bankify

Nets and Bankify

writer icon Hanne Larsen     Nets / Bankify   |   Investment     🕐 28. Jan. 2020


Danish Nets have entered into yet another partnership, this time with the Finnish fintech company, Bankify.

New Solutions for the Customer
The strategic partnership enables Bankify’s customers to consume Bankify’s services through Nets’ Open Banking platform. Under the terms of the partnership, Nets customers will also have easy access to Bankify’s portfolio of microservices via the platform.

Bankify enriches the user experience of existing financial applications to align it with the needs of digital native customers.

The services are developed by focusing on customer-centric use-cases using gamification, education, personalisation and social interaction.

Georg Olav Ramstad, Head of Open Banking sales and Business Development at Nets says in a press release:

"Bankify is an expert in keeping up with the demands of digital customers. Together, our combined offerings will accelerate the digital transformation of financial institutions. We are really looking forward to an exciting partnership with Bankify."

The Open Banking Access from Nets provides PSD2-enabled account access to banks with a single-point-of-integration, instead of several integrations to multiple banks. With the solution from Nets, third parties can connect once and then refocus on delivering business value. Nets powers customers' businesses by delivering access to infrastructure for open API-based services.

Building Blocks for Future Financial Applications
Bankify has already launched eight microservices, each of which utilises a simple open API connection to improve the user experience of existing financial applications. While enabling a variety of new use-cases, including social finances, gamified savings and group payments combined with a virtual card solution.

Antti Tarakkamäki, Co-Founder at Bankify, says in a press release: "With the Open Banking Access from Nets we can connect our offerings via a single integration, providing our customers access to multiple banks in the Nordics. This makes our microservice offering even more relevant, easier to implement, faster and more cost-efficient for our customers."

Bankify has conducted extensive user research during the last two years with the Millennial and Gen-Z users, globally. These segments require more personalised and engaging features, which represents Bankify's core area of specialism.



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