Bison Bank counts on ndgit PSD2 Ready software to support Open Banking strategy
Lisbon/Munich, 20 February 2020
Bison Bank in Lisbon has chosen PSD2 Ready software from ndgit, the first provider of dedicated API platforms for banks and insurance companies, to empower its Open Banking platform. ndgit will also provide local technical expertise to accelerate integration of its industry proven, standardised PSD2 solution, helping Bison Bank to fulfil the central functions required by the Regulatory Technical Standards while evolving next generation services.
Bison Bank represents ndgit’s second customer win in Portugal. Focussing on wealth management and investment banking, the innovative Portuguese bank is a rapidly expanding international player. Enabling the fulfilment of the new regulatory PSD2 functions for third-party service providers, ndgit’s secure APIs will allow Bison Bank to extend its digital offerings, including online and mobile, to its clients around the world. At the same time, ndgit will support Bison Bank with local implementation, helping to configure, integrate and commission the software on-premise at the bank’s data centre within a two-month timeframe.
Oliver Dlugosch, CEO of ndgit, says: “The cooperation with Bison Bank strengthens our market presence in Portugal, confirms our position as Europe’s leading PSD2 software and underlines our fast, international growth.”
Bison Bank chose ndgit for numerous reasons. “With ndgit, we not only get PSD2 software but also an API platform with which we can flexibly implement bank-internal micro services and Open Banking strategies”, explains Nuno Oliveira, Bison Bank’s IT Architecture and Development Manager. “In addition, its PSD2 Ready software is highly secure and offers over a hundred different configurations that fall within the regulatory requirements of PSD2 and the options of the Berlin Group Standard. Last but not least, ndgit can draw on its experience of twenty-five PSD2 implementations to help us achieve a quick and efficient integration and ensure we are up and running with PSD2 APIs for third party providers in just 40 days.”
About ndgit PSD2 Ready
The ndgit out-of-the-box software PSD2 Ready offers ready-to-use APIs with backend connectors according to the technical standards of the Berlin Group, STET or UK Open Banking. It offers a full suite of PSD2 functionality, from third-party management to PSD2 reports, and is compliant with RTS regulation. The software is flexibly configured and can be easily customised to suit a bank’s individual requirements, infrastructure and chosen API standards. Updates and expansions are imported centrally by ndgit without the need to adjust individual banking interfaces. PSD2 Ready can be deployed on-premise, on the bank’s own servers, or as a SaaS variant hosted within ndgit’s own BSI-certified data centre.
About ndgit
For those wanting to stay at the forefront of financial services, ndgit is engineering the backbone for connected banking and insurance that drives the transformation of everyday banking. Our API platform enables banks to open up to digital partners using Open Banking APIs and PSD2 solutions to deliver, consume, or control microservices. In 2017, ndgit, together with Hypothekarbank Lenzburg AG, implemented Switzerland’s first Open Banking platform. The project was awarded the Euro Finance Tech Award for the best cooperation between bank and fintech in 2017, and the 2019 Finance IT Innovation Award. In 2018, the ndgit API platform won the CEE Fintech Challenge, the largest fintech competition in Central and Eastern Europe. www.ndgit.com
About Bison Bank
Bison Bank is a European based bank fully held by private Chinese capital from Hong Kong, focused on providing a wide and specialized range of wealth management, depositary & custody and investment banking services to individuals and institutional clients, through a seamless platform connecting European and Asian markets. The bank resulted from the acquisition of former Banif – Banco de Investimento, S.A. full banking license in mid-2018, a Portuguese based financial institution established in 2000. The bank is headquartered in Lisbon and leverages the development of its business activities on the shareholder wide geographic reach with strong business presence in Europe, Hong Kong and mainland China, as well as in Africa. www.bisonbank.com
