Open banking is a term that is fast gaining momentum across the European financial services scene. Central to this development is the API revolution that is structurally altering how consumers and businesses interact with their banks. A startup perfectly embodying this renaissance is Kontomatik; a company that has positioned itself at the forefront of this innovative frontier.
Based in Warsaw, Kontomatik is a fintech pioneer that specialise in enabling stable, secure connections between businesses and banks through APIs. Their services extend beyond banks, providing open banking solutions for non-bank entities. With access to data from over 130 banks across Europe and beyond, Kontomatik’s APIs are paving the way towards a more interconnected, efficient and inclusive financial ecosystem.
Key takeaways:
- Kontomatik is enabling secure API connections for open banking across Europe
- Founded in 2009, Kontomatik operates in 11 markets and works with over 130 European banks
- The company is extending the application of open banking to non-bank entities
- The data obtained through Kontomatik’s API can be used for various critical finance-related operations
- Kontomatik plans to expand services for non-banking financial institutions
What sets Kontomatik apart from the competition is their approach to data. Utilising API Kontomatik, businesses can harness banking data for customer identification, credit risk assessment and customer segmentation. By providing a platform for businesses to leverage this data, Kontomatik facilitates more efficient and personalised services.
In addition to this, Kontomatik possesses the distinct honour of being the first fintech company to receive AISP licenses from both the Polish Financial Supervision Authority and the Bank of Lithuania. Such a milestone solidifies Kontomatik’s credentials in the fintech ecosystem and underlines their commitment to promoting secure, regulated open banking practices.
As open banking continues to revolutionise the European financial services, Kontomatik is undoubtedly well-positioned to lead the charge in the industry. Their forward-thinking approach to data, coupled with their proven track record of secure API connections, paves the way for a future where financial services are more efficient, personalised and accessible.
To keep an eye on Kontomatik’s journey and how they continue to shape the future of open banking, follow their social platforms: Twitter, LinkedIn or visit their website. As Europe continues its march towards an open banking future, expect Kontomatik to be at the helm, steering the industry towards a new dawn of financial inclusivity and efficiency.
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