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Nordic challenger bank Lunar picks open banking from Nordic API Gateway

Nordic challenger bank Lunar picks open banking from Nordic API Gateway | Fintech Finance

A new Nordic collaboration is on the rise as open banking platform Nordic API Gateway can add leading challenger bank Lunar to its list of Nordic banks already taking advantage of its open banking technology to create value-added, multi-banking features. This partnership enables Lunar to take an important step in becoming the primary banking interface for its more than 170,000 users.

In the coming months, Lunar is set to activate multi-banking features and enable payments across Denmark, Sweden and Norway with Nordic API Gateway. As a result, Lunar becomes one of the first Danish banks with a fully functional combination of both account aggregation and payment initiation. The open banking partnership with Nordic API Gateway supports Lunar’s ambitions of creating a ‘financial super app’ for its rapidly growing customer base across the Nordics. By utilising Nordic API Gateway’s account aggregation and payment initiation services, the challenger bank will be able to provide customers with actionable open banking features that will allow them to not only view but also move money between accounts, as well as pay bills from accounts from other banks, in one app.

Commenting on the partnership, Joachim Strøjer Hansen, CPO of Lunar, said: – “We have a strong ambition to create a financial super app to let our users manage all their finances across banks in one place and become the go-to interface for handling everything related to our users’ financial life. To deliver the future of banking services, we’re creating a digital banking experience that is second to none and we are excited to work
with Nordic API Gateway especially to offer payment initiation for our users. They bring extremely high quality and have proven high deliverance in a wide range of Nordic financial services.”

Rune Mai, CEO & Founder of Nordic API Gateway, also commented on the partnership saying: – “We’re very happy to see that Lunar is taking its next step in the open banking journey with Nordic API Gateway. By leveraging open banking with our platform, Lunar will be able to fulfil their ambitious Nordic plans and create value with the best open banking capabilities the Nordics have to offer. We’re heavily focused on empowering Lunar on its journey to becoming the preferred banking choice by letting their customers experience the true value of open banking”

The partnership will soon be pushed live to all Lunar customers in Denmark, with Sweden and Norway to follow.