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.
How APIs power the real-time payments revolution in banking
The financial industry is right now in the middle of a paradigm shift as real-time payments become the norm rather than the exception. At the heart of this transformation are banking APIs (application programming interfaces) that enable instant, secure and programmable money movement.
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.
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.
Open Banking – the basis of a new digital banking backbone
Banks are transforming to become fully digital. For the traditional banks, the journey is long and will take years. Luckily, they are not alone. External partners like Fintechs, non-traditional financial services providers, technology companies and even regulatory requirements are helping banks to take the steps towards the target state. Mikko Päivinen, Enterprise Architect at Nordea, explains how Open Banking is one of the drivers which can help the digital transformation, if architected and implemented correctly.