We now allow third party service providers to display information about our customers’ payment accounts in their own apps, provided the customer has given consent.
Service providers other than Landsbankinn, such as other banks or fintech companies, can now connect to our systems through an API platform and retrieve information about customers who have consented. Our customers can then use the solutions offered by these service providers, such as apps, to view the balance of payment accounts, statements, etc. These changes provide for more varied means of utilising the Bank’s services.
The aim is to comply with the PSD2 directive on payment services intended, among other things, to facilitate development of financial services in the European Economic Area. Over the next couple of years, more features will become available through these channels, such as transfers and foreign payments. Service providers that connect to and use the Bank’s API platform must be licensed and regulated.
