Bankify forms an open banking partnership with Nets

Bankify a digital banking platform for millennials, has formed a strategic partnership with payments service provider Nets.

The deal will enable Bankify’s customers access services through the Nets platform. On the reverse, Nets customers will be able to access Bankify’s portfolio of microservices.

Finland-based Bankify is a digital banking platform which supplies users with tools including gamified savings, group payments and personalized content. To help encourage savings, the app gives notifications, setting goals and monitoring progress. Furthermore, the app supports automated savings which are based on behavioural patterns.

The digital bank has released eight microservices, which are all backed through an open API connection.

Nets provides PSD2-enabled account access to banks with a single-point-of-integrations to multiple banks. The FinTech is a managed services and software business which helps merchants, corporates and banks with their payment needs.

Its offerings include instant payments, direct debit transactions, open banking access, POS terminals, card processing and transaction monitoring.

Bankify co-founder Antti Tarakkamäki said, “With the Open Banking Access from Nets we can connect our offerings via a single integration, providing our customers access to multiple banks in the Nordics. This makes our microservice offering even more relevant, easier to implement, faster and more cost-efficient for our customers.”

Earlier in the year, Nets acquired Finnish software developer Poplatek Oy and its spin-off payment terminal service provider Poplatek Payments Oy.

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