Nordic API Gateway to boost launch of Santander Consumer Bank’s new money app

By Megha Bhattacharya

Nordic API Gateway has teamed up with Santander Consumer Bank with an aim to deliver open banking capabilities for the Bank’s new consumer-focused money app – Prosper. The application is expected to offer its Nordic users a complete financial overview across banks by leveraging account aggregation and payment initiation services.

Oskar Karlsson, Product Manager at Santander Consumer Bank, said, “We’re thrilled to get Prosper up and running in collaboration with Nordic API Gateway. By using solid and stable open banking technologies, we’re opening up for an entire new universe in showing how we as a bank can act to build products with the customer in mind. At Santander, we’re always eager to pursue the best possible digital experience for our users. By launching Prosper, we’re acting on our agenda to fully go beyond regular banking with a tool for everyday financing.”

According to Nordic API, the collaboration is expected to enable Santander to boost its multi-banking personal finance management app. Prosper is currently being rolled out in Denmark with plans to launch across the rest of the Nordics.

Recently, Nordic API Gateway announced that it has teamed up with FinTech Horde, enabling the FinTech to manage loans and receive better loan opportunities by consolidating credit card debt. Horde has also rolled out a social lending platform for allowing friends and family to lend each other money in a structured way. The new social lending platform is already being launched in Norway this week and is expected to be further expanded in the Nordics in the future.

Jonas Vogt Rasmussen, Head of Partnerships at Nordic API Gateway, also commented on the collaboration, “We’re super proud to kick off our collaboration with Santander Consumer Bank and empower it with our account aggregation, data enrichment and account to account payment features. The partnership allows Santander Consumer Bank to deliver a smooth banking experience and build a go-to financial super app that caters to a wider audience. It’s great to see how open banking and PSD2 allows banks to move ahead and build fintech-driven solutions, like Prosper, that live up to the rapidly changing banking demands of consumers.”