Account Information Service Providers (or AISPs) are authorised to access bank account information of an end-user with end-user’s… — Account Information Service Providers (or AISPs) are authorised to access bank account information of an end-user with end-user’s permission. To receive the AISP licence, a company must get in touch with one of the National Competent Authorities that issue authorisations for payment and electronic money services and follow its guidelines…

Facts and figures — Facts and figures According to EBF, Finland has 3 major banks who together hold 70% market shares — Nordea Bank, OP Financial Group and Danske Bank. 89% of Finnish population use online banking services, including the elderly (age 65–79) from which up to 80% also choose to pay their invoices using online banking…

Facts and figures — Facts and figures According to EBF, Sweden has 125 banks and the largest are SEB and Swedbank. These banks make up several categories, the four main being commercial banks, foreign banks, savings banks and cooperative banks. All bank services are being performed through mobile phones, tablets and computers thus the use of cash…

Facts and figures — Facts and figures According to EBF, Latvia has 16 banks and the market is dominated by Nordic banking groups such as Swedbank, SEB and Luminor. Citadele bank is the largest non-Nordic retail bank operating in Latvia. The population of Latvia is 1.92 million people and 72% of the population use online banking(Statista, 2019). Open banking …

Facts and figures — Facts and figures According to EBF, Lithuania has 18 banks and the largest are SEB and Swedbank. Lithuania is the second largest fintech hub in Europe, behind the UK, with its licensed companies. The EBA sample showed that Lithuanian banks were amongst the most profitable in Europe. Banks continue to decrease operational costs…

Facts and figures — Facts and figures According to EBF, Estonia has 14 banks and the largest are Swedbank, SEB Bank, LHV Bank and Luminor Bank. The largest banks serve 2 million private and 300 thousand business customers. Estonians have 1.8 active current accounts per inhabitant and 1.25 active internet bank accounts per inhabitant. The population of…

In theory, access to open banking data in Europe is free and businesses should be able to connect to official bank APIs, access… — In theory, access to open banking data in Europe is free and businesses should be able to connect to official bank APIs, access user-consented account data, and start building new products and applications for their customers — all of which is mandated by PSD2. …

Nordigen worked closely with Intel engineers to test our machine learning solution in Intel’s development environment and implemented… — Nordigen worked closely with Intel engineers to test our machine learning solution in Intel’s development environment and implemented various optimisations designed for well-known machine learning algorithms to achieve optimal performance. Our challenge was looking for ways to improve model performance for our application, Scoring Insights, which focuses on credit scoring. …

Why use Nordigen on top of Plaid data: — Why use Nordigen on top of Plaid data: Robust transaction categorisation Nordigen provides a transaction categorisation service with a simple category tree. The service identifies more than 120+ categories of transactions. Great country coverage Nordigen provides valuable insights based on Plaid data in almost any market you currently use Plaid or plan to use it.