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BEC and Nordic API Gateway Join Forces to Roll Out Open Banking for 27 Banks

BEC and Nordic API Gateway Join Forces to Roll Out Open Banking for 27 Banks | FinTech Finance

The leading open banking platform Nordic API Gateway has partnered with the major fintech provider for Nordic banks, BEC Financial Technologies. The collaboration is set to enable 27 banks in Denmark with open banking services for more than 2.1 million bank customers. With the partnership, BEC takes an important step towards offering open banking services with Nordic API Gateway. Over time, this will give 20-30 percent of Danish banking customers the ability to see and pay with accounts from other banks as well as getting a full overview of their finances across several banks.

“We are working hard to open BEC’s banking platform and are well underway with new partnerships with globally leading technology partners in a number of areas. Through a strong partnership with Nordic API Gateway, we are now also able to develop innovative services that interact directly with accounts in other banks,” says Jesper Nielsen, CEO of BEC.

He joined BEC in October 2020 and in March 2021 announced comprehensive changes to make BEC simpler, faster, and more flexible through more collaborations in the financial sector and partnerships with other tech and fintech companies.

“We are honored to work with BEC on creating new opportunities for open banking for more than two million personal and business banking customers across 27 BEC banks. With more than 50 years of experience, BEC is one of the most well-known providers of financial technologies in the Nordics,” says Rune Mai, CEO & Founder of Nordic API Gateway.

“Being able to do partnerships like this clearly shows that our focus on implementing compliance at the core of our DNA and delivering high-security standards with a privacy by design approach make us able to empower the largest players in the financial sector,” he says.

The collaboration makes Nordic API Gateway the preferred open banking partner for the majority of Nordic and European banks. Recently, the open banking platform struck a similar deal with another IT solution provider and will now be enabling more than 40 banks in the Nordics with open banking.

“With the collaboration, we now empower more than 80% of the Danish banks with open banking services, matching our ambitions of being the preferred open banking advisors for financial institutions across Europe during 2021,” says Rune Mai.

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