Nordea has attracted over 1000 pilots to test its open banking platform, making it a leader in the Nordic open banking market. It sees PSD2 as an opportunity to partner with fintechs and developers to create value for customers. Last year, Nordea launched an early access program and sandbox for its open banking platform, gradually expanding access and adding new payment and account capabilities. It plans to expand access to additional Nordic countries and account types while continuing to engage fintech communities through events and social media to gather feedback and fuel further innovation.

1. Nordea
Open Banking
Ina Gjerstad
Senior Business Developer

2. 2
By being a first mover we have managed to attract 1000+ pilots to share their
ideas and test our Open Banking platform
We look beyond the regulation by aiming to provide Premium APIs and have
become recognised as the Nordic market leader in Open Banking
We see PSD2 as an opportunity to come closer to the Fintech and developer
communities and create value for our customers
Our Vision

3. Our Open Banking Journey

4. Last Year (In a Nutshell)
Q12017Q22017Q32017Q42017
• Teaser page launched
• 700 sign-ups for pilot programme
• Interviews for early access
• Selections for early access completed
• First third parties in the sandbox
• Feedback process started
• All pilot sign-ups allowed access to sandbox
• PIS added to sandbox
• Improvements based on feedback
• Open Beta launched: everyone gets to play
in the sandbox!
• Pilot phase with real customer data for
Finnish household accounts launched!

5. 5
Accounts Payments
Current Offering

6. What’s next?
6
HH
Sweden
Denmark
Norway
Access to household accounts to rest of Nordic countries
More pilots!
Gradually increase the number of third parties piloting with real
customer data
Corporates
and int.
units
Access to corporates accounts and accounts in international
units
Premium
APIs
More data? FX APIs? Loan APIs? We look to expand our API
offering to cover more banking products!

7. Our approach to Open Banking

8. 8
Staying Close to the Community
Social Media Events
Frequent and value adding blog posts,
newsletters, and tweets to our followers:
• Twitter: @NordeaAPI
• Medium: @NordeaOpenBanking
• Newsletter: nordeaopenbanking.com
Events that make us more relevant for the
community and help us gather feedback:
• Hackathons
• Fintech Spring Mingles and Breakfasts
• Dev2dev events
• Slush and other conferences

9. 9
Fintechs have brains
• Smart
• Unconventional ideas
• Fast footed
• Passionate about technology
• No old machinery
Nordea has muscles
• Knowledgeable
• Trustworthy
• Secure and Compliant
• Open
• 10 000 000 consumers, 700 000 corporates
PSD2 is about opening up our data, but Open
Banking is much more: it is about collaboration

10. Leveraging the capabilities of the Open Banking platform and our
partnerships with innovative fintechs, we can create value adding
solutions for our customers, resulting in a win-win-win situation
where all three parties benefit!
10
Customers Nordea Fintechs

11. Thank you!
Stay tuned and follow our journey 