Jyske Bank live account aggregation purrs with Spiir
Jyske Bank in Denmark has gone live with account aggregation for its personal banking customers.
♫ Yes Spiir I can boogie ♫
The solution enables banks customers to get a financial overview of their accounts and later it will also offer digital loan processes and onboarding.
It was built on top of technology provided by Danish fintech firm Spiir. Its Nordic API Gateway is a service that connects with any Nordic bank and gives third parties a way of executing PSD2 projects.
Jyske Bank took three months from initial meetings to the live solution.
Peter Schleidt, member of the executive board at Jyske Bank, says: “We engaged with Spiir in March this year. It is interesting that we were able to launch our service to our customers less than three months later. It shows how fast execution and innovation can happen, when you do it through clever partnerships.”
Last month, Danske Bank invested “millions” in Spiir, thus becoming co-owner of a fintech company for the first time.
According to Danske, more than 200,000 Danes use Spiir to manage their budget, monitor their spending and find less expensive alternatives for their fixed expenses.
With the investment, of which exact details were not disclosed, Danske says it gets access to Spiir’s technical platform, which includes data retrieval from other Nordic banks.
