New partnership towards the creation of a pan-European open banking infrastructure

20 ianuarie 2021

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.

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Gabriela Nistor – director general adjunct BT

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.”


In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale?