Danske Bank is the first to offer a new mobile solution that enables Danske Bank’s customers to transfer money through Danske Mobile Banking from payment accounts that the customers have with other banks, according to the press release.
One step among others
Since 2018, customers have been able to see accounts with other banks, and this new opportunity to also be able to pay from the accounts is the second step in Danske Bank’s work to provide customers with new digital services and a better overview of the economy as a result of Open Banking.
The new solution is carried out via the Nordic API Gateway platform, which has combined access to all Nordic banks’ data in one place.
“In a fast-moving world that is headed towards more openness and transparency, our strategy is to support our customers with the best possible tools to handle their everyday finances.
We’ve been working closely with Nordic API Gateway since 2017 and we’re happy to continue developing the partnership, giving our customers a huge flexibility as they’re now able to make payments and transfers between their own accounts across several different banks. For us, it’s all about making it easier for customers to gain a full financial overview – no matter how many banks they have,” says Line Munkholm Haukrogh, head of digital banking at Danske Bank.
Open Banking offers new opportunities
As from September 2019, all banks have had to comply with the European Payment Directive PSD2, which means that banks must open up their systems so that third parties can offer their customers financial services linked to the accounts that customers may have with the bank.
This allows for new innovative solutions that ultimately benefit the consumer. The solutions can be provided from banks as well as from companies that develop financial technology, called FinTechs.
The Nordic API Gateway platform is developed by FinTech company Spiir, in which Danske Bank has invested DKK 35 million
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”