INSTANTOR OPENS UP BANK API - PROVIDING UNIQUE ACCESS TO HALF A BILLION PEOPLE

INSTANTOR OPENS UP BANK API - PROVIDING UNIQUE ACCESS TO HALF A BILLION PEOPLE
04.09.2018 09:51 am

INSTANTOR OPENS UP BANK API - PROVIDING UNIQUE ACCESS TO HALF A BILLION PEOPLE

Data , FinTech StartUps

Today Instantor, the Swedish fintech company making financial decisions easy, announces, WDSK, The World Domination Starter Kit. The WDSK is an initiative to support start-ups and scale-ups to develop next-generation products by giving them access to Instantor´s Bank API with no associated costs for new Instantor customers. By using Instantors bank API, developers will have access to transactional data from over 300 banks in 25 countries, with the potential to reach half a billion people. Instantor´s bank API has an unrivaled reach, and the WDSK initiative includes access to several markets outside new Open Banking legislation. The authentication and the end user’s interaction with banks are handled by Instantor, and the data can be accessed once the end user has given their consent.

Commenting on the launch, Simon Edström, CEO of Instantor says:

“At Instantor we are in the business of making peoples financial lives easier, we want to fuel the development of new financial solutions that help people to change their lives. I believe that by opening up our technology combined with the power of great developers, we can support ideas to become fully realised and transformational products. By using our Bank API businesses can now access data and implement something in an instant. 

Since 2010 Instantor has developed advanced analytical solutions and products using transactional data. To digitise the lending process, Instantor is empowering financial organisations to make better risk assessments using AI, as well as supporting people in emerging financial markets to verify and prove their identity, income, and employer directly online.

Helene Westerlund, CTO of Instantor, says:

“I'm excited to see what innovative new products will come from WDSK. We are experts in interpreting data, and we want to give startups an opportunity and empower them to build and launch consumer-friendly products quickly. As the price of data diminishes, there is now a real tangible opportunity to start making intelligent products on top of the data. 

 

Related News

CQG Desktop Selected by Nasdaq Fixed Income as Official Front-End for U.S. Treasury Trading

CQG, a leading global provider of high-performance trading, market data, and technical analysis tools, announced today a new partnership with Nasdaq Fixed Income (NFI). Under... Read more »

WorldLink Partners with Profisee to Provide Best in Class Data Management Solutions

Profisee, a market leading master data management software company announced today, it is expanding its partner network through a systems integrator partnership with WorldLink... Read more »

NEOXAM ACQUIRES DIGITAL REPORTING SOLUTION 100M

NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, has acquired 100M. The acquisition will... Read more »

Arcserve Unveils Business Continuity Cloud, the Market’s Only Cloud-Born Solution to Safeguard Complex IT Infrastructures Amid Growing Data Protection Concerns

Arcserve, LLC, the world’s most experienced data protection provider, today unveiled ... Read more »

Vigilant Solutions Unveils the Vigilant Investigative Center

... Read more »

What to expect from the SWIFTRef team at Sibos 2018

Uncovering the power of reference data with SWIFTRef

... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App