Open banking

With our API solutions you get real-time information and access to our services wherever and whenever you need them. Our APIs enable you to automate manual routines, remove time lags and lower your risks.

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Open banking

The current status of Open Banking – and a glimpse into the future

In this special guest blog for Nordea, Mounaim Cortet shares the key findings from INNOPAY’s most recent Open Banking Monitor, with a special focus on Nordea as well as the future of Open Finance.

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Insights

The future role of banks – Finding new areas to stay relevant for society’s trusted pair of hands

2022 promises to be another year of turbo charged change in finance and technology. For banks facing an ever shifting environment driven by digitalisation, regulations, new players, standardisation initiatives and technical innovation, understanding where to stay relevant remains a key objective. Erik Zingmark, Head of Transaction Banking at Nordea, and Ville Sointu, Head of Emerging Technology at Nordea, met to discuss the exciting possibilities for banks that lie ahead.

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Insights

Nordea’s Instant Reporting API helps RaskRask stay in great shape

‘Rask’ means healthy in Danish and the health and wellness company RaskRask has certainly seen healthy growth in recent years. With a rapidly increasing volume of bookings, RaskRask needed to automate their processes for reconciling incoming payments. Nordea’s Instant Reporting API was on hand to help the company reduce manual processes and offer more flexibility and less administration for customers and partners.

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Erik Zingmark talking with Johan Trocmé at Nordea event

Insights

Staying relevant in a changing digital landscape

At Nordea’s annual Offline to Online digital event, Erik Zingmark, Head of Transaction Banking at Nordea sat down with Johan Trocmé, Director of Thematics in Investment Banking at Nordea, to discuss the latest developments in the rapidly converging worlds of finance & technology and the banking industry’s pragmatic approach to staying relevant both now and in the future.

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Insights

Understanding the potential benefits of Open Banking

Ulrika Claesson, Head of Open Banking Community at Nordea, and Agnija Gailane, Community Manager - Open Banking Community at Nordea, were interviewed by Vlad Macovei from 'The Paypers' to discuss educating companies about Open Banking, the solutions being offered and the things fintech partnerships can bring to the table. As Open Banking becomes more understood, Nordic companies are actively identifying areas where APIs can bring value to their customers.

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Wärtsilä

Corporate insights

Automating beneficiary account validation with Wärtsilä

A new API based solution known as ‘Beneficiary Account Validation’ provides an effective way for companies to validate the bank account information of their international suppliers before changing payment instructions or adding a new supplier. Developed as the result of close collaboration between Nordea and Wärtsilä, the new service aims to reduce the risk of fraud by adding an extra layer of security to the account verification process.

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Corporate insights

Empowering businesses with Embedded Finance

The growth of embedded finance has seen an increasing number of financial operations enabled in the user’s own preferred digital environment. As a market leader in Open Banking, Nordea is heading the embedded finance charge by providing a growing selection of premium API solutions that can be embedded in external channels and applications.

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Corporate insights

Open Banking — a gateway to a financially healthy and resilient community

Esther Groen, Adviser to the Board at Holland Fintech, discusses how Open Finance is the natural next step for Open Banking and the benefits this can have for both consumers and the wider economy.

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Corporate insights

Business strategy: Just “set it and forget it” — or dynamic and adaptive?

Taru Möller, Head of Transaction Banking Value Propositions at Nordea, discusses how the changing preferences of customers means companies should be looking to make their operations more dynamic and adaptive with real-time capabilities able to respond to shifting demands.

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Corporate insights

Why the next 18 months in Open Banking will be game changing with new innovative financial services customised for specific customer segments

Brendan Jones, Chief Commercial Officer at Konsentus, discusses the practical implications of how PSD2 (the Revised Payment Services Directive) and Open Banking will change the way financial services are distributed.

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Insights

Flower power – Open Banking help Majblomman track donations in real time

Majblomman is a well-known Swedish charity that raises money with the annual sale of special paper flower pins. When Majblomman implemented a fully digital campaign, Nordea’s Open Banking team enabled a real time overview of all incoming donations.

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Corporate insights

Improving user experiences with Open Banking

Although it was regulatory requirements that sparked the move towards Open Banking, Sofia Ericsson Holm, Head of Strategic Partnerships and Open Banking at Nordea, explains how it is the demand for instant and better user experiences that will really drive innovation.

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