Open-banking platform

Pan-European open-banking platform that enables banks, fintechs and startups across Europe to develop data-driven financial services working with companies such as Paypal or Lydia.

Sweden, France
Java, AWS, Bazel, Kafka, Elasticsearch, Docker, MySQL

The platform is connected to over 3,000 banks and financial institutions across 18 countries including United Kingdom, France, Sweden, Germany and focuses on offering Account Information Service (AIS) - enabling account aggregation, account check and bank statements downloading; as well as and Payment Initiation Service (PIS) - enabling initiation of bank-to-bank payments for consumers. 

Through one API, the open-banking platform allows customers to access aggregated financial data, initiate payments, enrich transactions and build personal finance management tools.

The goal was to develop new connections with French banks to increase the coverage of account aggregation and account check products, as well as to improve the conversion rate of payment initiation service to support rollout of a strategic customer.

The task included a number of challenges including dependency and slow responsiveness of the French banks regarding API connections for both AIS and PIS, outdated documentation not showing the latest releases, lack of English documentation and communication, unoptimised redirect flows build by French banks limiting the optimisation of conversion rates.

During our engagement, the team was able to achieve significant results impacting the platform’s product in France including new API connections for account aggregation and transactions improving coverage of French banks, optimisation of payment connections and flows which resulted in an increase in conversion rates, implementation of app-to-app redirection for account aggregation and payment initiation services for a number of banks. 

Codepole helped with the launch of our current platform. Implemented features and products enabled us to rapidly scale our existing Swedish business and expand to new markets.

Robin Tjassens, Kompar

Codepole managed to provide me with top quality candidates in short period of time. Their support and hands-on approach throughout the recruitment process were invaluable.

Daniel Abebe, HuggyStudio