The document discusses Nets, a company that provides digital payment services. Nets connects fintech companies to over 240 banks through a single API and connection, simplifying the process compared to fintechs connecting directly to each individual bank. This single connection through Nets' platform reduces costs, complexity, and workload for fintechs while also providing value-added services and faster access to markets. Nets also aims to facilitate open banking by creating an API marketplace that allows fintechs to reach numerous banks and third-party providers through a single connection.

1. ACCESSING THE VAULTS
January 2018
Georg Olav Ramstad

2. Powering digital payments
7.7 billion+
card transactions
30,000
online
merchants
300,000+
merchants
240+
banks
8.1 million
digital identities
240,000+
businesses
500+
distributors
& partners

3. Fintechs need to connect to the banks
Bank

4. Fintechs need to connect to the banks
Bank
Bank
Bank
Bank
Bank
Bank
Bank
Bank

5. Fintechs need to connect to the banks
CHALLENGES
Large number of connections
Different APIs
Dynamic environment
Costly to build and maintain
Bank
Bank
Bank
Bank
Bank
Bank
Bank
Bank

6. Fintechs need to connect to the banks – Nets provide a simple solution
Bank
Bank
Bank
Bank
Bank
Bank
Bank
Bank
ADVANTAGES
ONE connection
ONE API
STABLE environment
FIXED monthly fee

7. Fintechs need to connect to the banks – Nets provide a simple solution
Bank
Bank
Bank
Bank
Bank
Bank
Bank
Bank
UPSIDE
Reduced Cost
Reduced Complexity
Reduced Workload
Faster Time To Market
Access to Value Added Services
– Multi-consent
– Account aggregation

8. Facilitating Open Banking
Bank
Reach many TPPs through one
connection
Lower the barriers for
distributing APIs beyond PSD2
An API market place that
facilitate Open Banking
Can be used to distribute APIs
from not only banks

9. Connect to all Nordic banks for a
low fixed fee

10. Georg Olav Ramstad
georg.ramstad@nets.eu
995 13 898
Get in touch …