Nordic API Gateway has entered into a collaboration to provide open banking capabilities for Santander Consumer Bank’s consumer-focused money app called Prosper.
The move will enable the app to offer its users a complete financial overview across banks leveraging account aggregation and payment initiation capabilities.
Prosper is said to have around 1.5 million customers and seeks to enable the users to manage finances and track all expenses through a single app.
The app is already live in Denmark and is expected to be rolled out across the Nordics later.
Nordic API Gateway Partnerships head Jonas Vogt Rasmussen said: “We’re super proud to kick off our collaboration with Santander Consumer Bank and empower it with our account aggregation, data enrichment and account to account payment features.
“The partnership allows Santander Consumer Bank to deliver a smooth banking experience and build a go-to financial super app that caters to a wider audience.
“It’s great to see how open banking and PSD2 allows banks to move ahead and build fintech-driven solutions, like Prosper, that live up to the rapidly changing banking demands of consumers.”
Santander Consumer Bank product manager Oskar Karlsson said: “We’re thrilled to get Prosper up and running in collaboration with Nordic API Gateway. By using solid and stable open banking technologies, we’re opening up for an entire new universe in showing how we as a bank can act to build products with the customer in mind.”
Based in Denmark, Nordic API Gateway helps financial institutions to integrate financial data and offer account-to-account payments directly.
Currently, the company has more than 1200 connected banks across 21 European markets.