Access your Pro+ Content below.
Robo investment platform adopts open banking-based payments
This article is part of the CW EMEA issue of November 2022 - January 2023
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 ...
Features in this issue
Iceland may soon become even more attractive to companies wanting to minimise their carbon footprint while using high-performance computing services
Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia
Data privacy has always been a big concern in Finland, so the country naturally has a lot to say about the General Data Protection Regulation four years on