Dear Qwist customer,
We're excited to share some updates with you on our recent achievements and upcoming projects, as well as some news about our team and industry insights.
Thank you for taking the time to stay up-to-date with us, and we hope you find this newsletter informative and valuable.
Performance and Connectivity
Below we would like to share with you the current success rates of the 20 most used banks and financial providers.
The top 20 financial institutions account for 92,67% of traffic on our open banking platform. For these providers, we achieved a staggering success rate of 93,66% since 01.01.2023!
Connectivity News
In Q4 2022, we successfully launched the PSD2 API for Commerzbank in line with the exemption regulation of BaFin.
We also connected the PSD2 API of Santander, which allowed us to enable this provider again on our platform. In addition integrated N26's global API, which now allows your end users to connect N26 accounts from across Europe (DE, AT, ES).
Since the beginning of 2023, we have also released the Volkswagen Bank PSD2 API to production for all customers, enabling end users to now connect payment accounts to your services through their PSD2 API, making the connection much more stable and consistent.
What are we working on:
We are implementing the new PSD2 API version for Deutsche Bank, including Postbank and Norisbank. This will significantly increase reliability and speed of the connection flow to these banks.
We have also been working on integrating a Barclaycard API in Q1, which will greatly improve the stability of connecting their credit cards. It's worth noting that Barclaycard is the first financial provider to offer an API, based on UK Open Banking Standard, for credit cards, which demonstrates their forward-thinking approach to the industry, despite no legal obligation to do so. We are confident in delivering a new Barclaycard API connector by the end of Q1.
In the next few weeks, we also plan to roll out fixes for Postbank daily saving accounts, and introduce a brand new connector for Morgen Fund. Morgen Fund has recently been split from DWS Investments, and we need to build a new connector to ensure continuous synchronisation for all types of portfolios. Our upcoming work on Postbank and Morgen Fund will allow us to continue expanding our offerings and provide greater convenience to our customers.
finX API product news
The standalone categorization feature is now available on our shared production environment.
We have introduced a new feature on our finX API that allows our customers to categorise externally fetched bank transactions without the need to connect the user bank accounts via the account aggregation of our API services.
Please find the documentation here: https://go.connect.finleap.
In case you are interested and want to learn more, feel free to reach out to us via https://go.connect.finleap.
Status page
We wanted to remind you of the benefits of our status page, where you can stay up-to-date on the status of the bank connections and any upcoming updates that may affect them. By subscribing to our status page, you'll be able to:
- Know in real-time about any disruptions or outages that may impact your bank connections
- Stay informed about planned updates and maintenance, and the expected downtime
- Get notifications about status updates via email
- Access the status page from anywhere, at any time
We understand that your time is valuable, and we want to make sure you have the information you need to make informed decisions. By subscribing to our status page, you can save time and stay informed about your bank connections.
To subscribe, simply visit our finleap connect status page and click on the "Subscribe" button. If you have any questions or need help, our support team is always here to assist you.
Finleap Connect insights
Daniel Koenen:
We are pleased to announce that we now have our new VP Commercial, Daniel Koenen, who joined Finleap Connect in January 2023.
Daniel brings with him a longstanding career of over 18 years in commercial and sales roles in the FinTech industry, having served in companies like PayPal, Solaris, BillPay/Klarna and, most recently, SumUp, where he led the KAM teams across Europe. Outside of his functional expertise, Daniel's personality never ceases to impress me as his energy and drive are contagious.
Felix Kubicek-Unger:
We are also happy to announce that we have Felix Kubicek-Unger joining as VP Product & Operations of Finleap Connect, starting from February 2023. Felix brings extensive experience in transforming and scaling tech companies, such as eKomi and OptioPay, where he has proven multiple times that he is very experienced in creating great customer experience, product and efficient processes for the businesses he was in.
Felix will be in charge of Product Management, End to End Operations, Customer Success (including Onboarding) & Customer Support, as well as Project Management.
Events news
As one of 23 experts interviewed by Finanz Szene, our CEO Nicola Breyer recently shared her views on Open Banking and Embedded Finance in 2023. In the article, she discussed the need for data collaboration and analytics to support banks in delivering a great customer experience across various product offerings.
The piece also explores how the financial world is evolving towards an open, customer-centric ecosystem through Open Banking, with banks increasingly becoming more data-driven companies.
You can read the full story here. click here
Sincerely
Your Finleap Connect team
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