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
Most of the largest banks have active open banking developer portals that provide regulated access to account information.
Active portals:
- Citadele — Citadele Developer Portal
- Swedbank Open Banking Developer portal — Swedbank Developer Portal
- SEB Developer portal — SEB Developer Portal
- Luminor — Luminor Developer Portal
Integration with APIs
To use access and use the open banking APIs in Latvia, you will need to acquire an account information service provider license, issued by the relevant authority. In addition to that, you will require a relevant certificate (QTSPs or eIDAS), compliant with PSD2 requirements.
Alternatively, you can use Nordigen’s free Account Information solution.
Nordigen free PSD2 data API
Nordigen offers a free PSD2-compliant open banking API, that allows businesses to access bank account information of their existing or potential customers.
Key benefits of using Nordigen:
- Nordigen is a licenced AISP,
- one API, integrated with all the major Latvian banks,
- access to bank account history, up to 2 years,
- 90-day continuous access to bank accounts,
- access to Personal and Business account information,
- free to use, no hidden fees.
Learn more about Nordigen’s Account Information here or get access to the API now.
Get Free Access to Account Information today or learn more about Nordigen’s Account Information product.
Connect to bank accounts and get raw transaction data. Free access to regulated banking data in Europe.
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