Swiss first mover in Open Finance
Hypothekarbank Lenzburg AG implements its multibanking with ndgit
Munich – Lenzburg, 22. 11. 2023
Hypothekarbank Lenzburg AG is one of the first of currently 40 Swiss banks that have signed the “Memorandum of Understanding” to introduce multibanking for its customers. The bank is once again relying on the open finance platform from ndgit, with which it has already won various prizes such as the Finance IT Innovation Award from the Swiss Competence Center Ecosystems and the EURO FINANCE TECH Awards 2017. Since 2018, Hypothekarbank Lenzburg has been relying on the technology of the Munich-based open banking specialist to implement its API strategy, which a large number of major banks have also used to implement their PSD2 solutions. The decision to use ndgit’s solution for the multibanking APIs is based on the flexible Open API security functions, such as for consent management. In addition, the ndgit solution already has ready-made interfaces for various use cases of the SIX platform bLink.
The Swiss banks’ multibanking initiative is a market-driven counterpart to the EU’s PSD2 regulation and will initially focus on the use cases of account information sharing and multibanking. In cooperation with ndgit, Hypothekarbank Lenzburg will be one of the first movers among the Swiss banks to implement the Memorandum of Understanding. At the same time, with ndgit, the bank has the right technology to continue providing Open APIs for accounts, payments and banking in the future.
“From our many years of experience with ndgit, we know that we can roll out even complex API solutions efficiently and quickly with their standard products,” says Marianne Wildi, CEO of Hypothekarbank Lenzburg.
“We are proud to be able to support HBL, the pioneer of open banking in Switzerland, in multibanking and in connecting bLink,” adds Oliver Dlugosch, founder and CEO of ndgit. “We provide our customers with a one-stop solution for all demanding Open API projects in Switzerland.”
About ndgit
As a leading technology and solution provider for open banking platforms, ndgit connects banks, insurers, FinTechs and platform companies into digital ecosystems to give end customers access to new financial services. Today, more than 50 banks and companies worldwide already rely on the leading API platform for financial services to digitize traditional systems and position themselves for the future of open banking. The Munich-based company was founded in 2016 and currently employs around 50 people. Since November 2023, the company has been owned by Finch Capital, Europe’s leading growth investor.
For more information visit www.ndgit.com
Press Contact
ndgit GmbH
Carina Glöckner
Head of Marketing
carina.gloeckner@ndgit.com
+49 89 99 82 413 11
About Hypothekarbank Lenzburg AG
Hypothekarbank Lenzburg is a listed Swiss universal bank that was founded in 1868 as Hypothekar- und Leihkasse Lenzburg. At the end of June 2023, it employed 356 people on a full-time equivalent basis, 41 percent of whom were women. The bank is active in retail banking, mortgage business, private banking, SME business and crypto banking. In the Banking-as-Service business, it provides banking services to third-party providers of financial services and other companies, with the distribution of related offerings to be carried out under the HBL Solutions brand in future. Hypothekarbank Lenzburg offers professional asset management under the HBL Asset Management brand. The bank’s own core banking system Finstar was equipped with an open interface architecture in 2017. The bank operates 13 branches and three advisory offices under the Hypothekarbank Lenzburg brand and has strong roots in the region. Hypothekarbank Lenzburg has received various awards in recent years for its technological innovation.
More under: www.hbl.ch, www.finstar.ch, www.hblasset.ch und www.hblsolutions.ch
Press Contact Hypothekarbank Lenzburg
Marianne Wildi
Vorsitzende der Geschäftsleitung
Hypothekarbank Lenzburg AG
Bahnhofstrasse 2
5600 Lenzburg
medien@hbl.ch
