BIL’s Open Banking platform now accessible for developers
With its Open Banking platform, BIL will work closely with external developers, online merchants and partners to offer new digital services to its clients, and give fresh impetus to its innovation.
Covered in particular by the second European Payment Services Directive (PSD2), the Open Banking concept encourages banks to open their information systems up to third party providers (TPP). With its new Open Banking platform, BIL will be able to collaborate with these third parties (online merchants, fintechs, partner companies, etc.) to offer even more services to its clients.
The bank is now offering external developers an initial application programming interface (API), giving access to account information (balance and transactions) and enabling payments. Developers will be able to test and use this API to offer BIL clients account aggregation services and payment services.
Of course, this collaboration is completely transparent and secure for clients. They choose the service that they wish to use, and their consent is needed for a third party to access their information or initiate a payment. These third parties must also be certified by a financial regulator of a member country of the EU.
“Financing needs, investment products, mobile payments: our strategy aims to make our clients’ daily life easier by offering them new digital experiences. Open Banking is a great opportunity for accelerating innovation in financial and non-financial services”, said Olivier Debehogne, Head of Retail, Private Banking Luxembourg and Digital at BIL.
Yves Baguet, Chief Operating Officer, added: “With our Open Banking platform, we have a powerful tool built for developers. It is also a catalyst for our digital transformation. We will keep improving it to provide an easily accessible, high-performing development ecosystem that guarantees our clients’ security.”
Are you a developer? Go to https://developer.bil.com
Communiqués liés
Apex Group to administer first of a kind climate fund to boo...
Leading financial services provider Apex Group has been appointed as the Alterna...
L’Union Bancaire Privée signe deux accords exclusifs en v...
L’Union Bancaire Privée, UBP SA (UBP) annonce ce jour avoir conclu deux accor...
Allianz Life Luxembourg annonce son déménagement
Allianz Life Luxembourg, Hub européen d’expertise patrimoniale du groupe Alli...
Apex Group support Japan’s growing private equity sector w...
Apex Group, a leading supplier of global financial services, today announces fur...
ERG continues to diversify its cobalt sales, signs agreement...
Up to 15kt of sustainably produced cobalt, or around 75% of ERG’s Metalkol vol...
Banque Raiffeisen passe le cap des 50 000 membres
Seule banque coopérative du Luxembourg, Banque Raiffeisen est fière d’annonc...
Il n'y a aucun résultat pour votre recherche