The condition of the bank's APIs before a bit more than thirty days before the transition to open banking is not ideal. The banks are worried, the providers of API connections are worried and their clients are also worried. However, if you analyze scenarios that can happen after September 14, you will find only one conclusion - clients have no reasons to be concern.
The fact is that for two months before the deadline, the APIs are far from perfect, and the provision of services based on them is in doubt.
On 17th of February 2019 The Bank of Lithuania granted a license to Kontomatik UAB to passport its AIS services in 10 countries without the need to open local branches
Kontomatik UAB, a subsidiary of the leading Polish fintech company Kontomatik Sp. z o.o., received the account information service provider license (AISP) from the Bank of Lithuania.
Last week Kontomatik’s Team appeared at the 2nd Annual Subprime Credit Forum in Prague, CZ as a silver sponsor and the only #Fintech company.
General Data Protection Regulation (GDPR) will come into power on the 25th of May, 2018.
They are big, they are rich, they have resources. Yet many of them just can’t bring anything new to the world of finances they are in, while small startups can.
For decades lending was a standardized, yet tedious and time-consuming procedure. It also involved lots of human interaction and work.
Depending on who you ask, the answer to this question can vary. Banks see it as a way to improve customer satisfaction in an increasingly digital economy.
This June our team has attended one of the leading European events dedicated to the development of the financial apps – FinDEVr 2017 in London.