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November 2022 - January 2023

Robo investment platform adopts open banking-based payments

Denmark-based fintech Nord Investments has adopted open banking technology from Aiia to make it easier for people using its platform to make investments. The robotic software investment platform, which currently only operates in Denmark, said it wanted to make it easier for its 7,000 active investors to make payments onto the platform when making investments. Nord Investments is a robo-based investment platform aimed at consumers. It has about 75,000 users, some 7,000 of which have invested money. There has been about DKK 2bn (£240,000) invested in the platform so far. It was originally launched in 2017, and in 2019 relaunched in partnership with Saxo Bank, which stores customer assets and provides its platform to trade for customers of Nord Investments. With most processes automated, convenience is at it’s core, making it simple for anybody to invest. To this end, open banking technology from the Mastercard-owned Aiia will enable users to make payments from their bank accounts within the investment platform, rather than having ...

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