As technology evolves, traditional banking systems need to keep up with the pace. In this era of digitalization, figo stands out as a company that aggregates financial sources from over 3,100 banks and financial institutions, enabling innovative services. Headquartered in Hamburg, figo is a banking service provider that offers a “Banking Service Provider” platform, connecting modern services with more than 55 million online banking accounts in Germany and Austria. Here’s a closer look at this innovative fintech company:
Revolutionizing Traditional Banking
Systems figo’s platform is targeted towards the Single Euro Payments Area (SEPA) and its new connectivity standard to financial data. By reducing the complexity of banking implementation to a minimum, figo has made banking usable wherever it adds value and creates new touchpoints between consumers and their partners – startups and banks. The company is PSD2 ready, which is Europe’s revised Payment Services Directive, and allows third-party providers to access bank account information.
Connecting Innovative Banking Solutions
With figo, you can access a vast number of innovative banking solutions that include access to bank account information. The company provides an established banking API and an entire banking service platform that supports numerous innovative banking solutions. The figo platform connects customers with modern services that offer new ways of managing their finances. The platform also helps developers integrate financial data from multiple sources, allowing them to develop innovative applications.
figo is a pioneer in the field of Banking-as-a-Service. Its sophisticated platform connects modern services with more than 55 million online banking accounts in Germany and Austria. With figo, companies can easily implement their own banking services, thanks to the ease with which they can integrate into figo’s platform. By making it simple and straightforward for companies to access financial data from different sources, figo is setting new standards for connectivity and innovation in the banking sector.
In conclusion, figo is an innovative fintech company that is changing the banking industry in Europe. With its “Banking Service Provider” platform, figo connects financial sources from over 3,100 banks and financial institutions, enabling innovative services. The company has revolutionized traditional banking systems and is PSD2 ready. Its sophisticated platform connects customers with modern services and supports numerous innovative banking solutions. Figo is definitely a company to watch in the fintech industry.
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