SIA announced a partnership with finleap connect for new open banking services in Europe. The two companies will integrate their respective PSD2-compliant solutions for international banks, financial institutions and fintechs, driving the development of new digital payment applications.
finleap connect, the open banking platform of the main European fintech ecosystem finleap, has signed a strategic partnership agreement with SIA, a leading European hi-tech company in payment services and infrastructures controlled by CDP Equity, to offer new open banking services to European banks, financial institutions and fintechs.
„The agreement will allow finleap connect and SIA to integrate their respective PSD2-compliant solutions, enabling the international adoption of innovative use cases based on Accounting Information Services (AIS) and Payment Initiation Services (PIS) and thus giving impetus the development of new applications for digital payments on various channels,” according to the press release.
„The partnership between the two companies marks another important step towards a value proposition for European customers through new payment options and transactional flows: this is made possible by the use of advanced application programming interfaces (APIs) that allow third parties parties to directly access the customer’s bank accounts, in compliance with PSD2 regulations and providing a multiplicity of different use cases,” the company said.
„Thanks to this partnership, SIA and finleap connect will offer new opportunities to the European market by facilitating integration between financial players for the creation of ready-to-use cross-border digital services. This responds to the growing demand from customers for tailor-made services. based on payments and information in real time „, declared Daniele Savarè, Director of Innovation & Business Solutions at SIA.
„This collaboration agreement is another milestone towards the creation of a pan-European open banking infrastructure in which, with its presence in different markets, finleap connect plays a fundamental role. We allow more than 370 brands to access a broad series of business opportunities: from the most advanced level of data analytics to simple customer interactions, from new use cases to turnkey banking solutions „, commented Marco Berini, CEO of finleap connect Italia.
In detail, the Accounting Information Services allow financial institutions, fintechs and companies to access the customer’s bank account, providing an overview of the user’s financial situation and facilitating the creation of use cases aimed at enriching the value proposition.
Similarly, the Payment Initiation Services allow the use of new payment systems through innovative digital channels that improve and personalize the user experience . In this way, the user will be able to make any payment in real time and in a simple and secure way.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
