ibanXS expands banking coverage to over 1400 banks

ibanXS, the cloud-based platform delivering PSD2 access to any European bank for Payment Initiation and Account Information services, is now connected with over 1,400 European banks.

Through this network, ibanXS is now helping FinTech companies reach out to millions of bank customers (both consumer and business accounts) across 22 European countries: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Germany, Denmark, Finland, France, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom.

The platform provides endless possibilities for building value-adding services on top of customers’ account data. It enables FinTech companies to initiate payments and develop personalised financial services such as credit scoring, income verification, personal finance management, account aggregation, and more, all through one API.

“In H2 2020, our priority is to strengthen our European coverage, increase our banking connectivity, and become the preferred technical provider for FinTech companies, helping them to take full advantage of the open banking opportunity, and together reach the true potential of an open data ecosystem in Europe,” says Edy Bruinooge, CCO.