trending Market Intelligence /marketintelligence/en/news-insights/trending/dMdJrE4RSCItDR9Tq3kpdA2 content esgSubNav
In This List

Nordea launches new open banking service

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Nordea launches new open banking service

Finland-based Nordea Bank Abp launched a new open banking service dubbed Instant Reporting that will allow its corporate clients to access their own accounts and incorporate real-time data with their own systems.

The offering is built on the second European Payment Services Directive, or PSD2, and turns open banking into a commercially viable product, the lender said Dec. 17.

PSD2, which came into force in January, requires banks to open up customer transaction data to third parties — with permission — to initiate payments or provide other products and services.

Instant Reporting will be launched in Finland and Sweden initially, Nordea said.