Pressmeddelande -

Helsingborg IT company solves faster credit card application with Open Banking

Ten months ago, the EU's second Payment Services Directive (PSD2) was fully implemented, and many believe that we are entering a new era for private finance services: Open Banking. Helsingborg-based Smart Refill is authorized by Finansinspektionen to develop the new type of services, and is now releasing its second Open Banking service.

The service has been launched in collaboration with Sparbankernas Kort, which, among other things, delivers credit card services to 22 different banks. Previously, each credit card application was handled manually, but after this launch the process is now digital and automated. Henric Ungh, CEO of Smart Refill, says:

- We see a strong trend for consumers to demand digital, simple and fast services, for example when applying for credit cards. Using Open Banking's capabilities, Smart Refill has now developed a so-called Account Information Service that significantly simplifies and speeds up the credit card application process at Sparbankernas Kort, while maintaining a high level of security and integrity.

Crosskey Banking Solutions, a Nordic supplier of banking systems, has participated in the project to automate the credit assessment in the application flow as well.

Since September 14, 2019, the EU's Second Payment Services Directive (PSD2) requires banks to make available some of the information they have about their customers. Approved third-party providers may use this information to develop digital services for personal finance in the form of Account Information and Payment Initiation Services. Permits to become AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) are issued by the Swedish Financial Supervisory Authority. After authorization, the permit holder is under the supervision of the Swedish Financial Supervisory Authority. Smart Refill has applied for and been granted both as part of their certification as a Swedish E-Money Institute.

- Both Open Banking and being a Swedish E-Money Institute place high demands on organization, systems, routines and processes. At the same time, it stimulates innovation of services and increases the security of online payments, Henric summarizes.


Links

Swedish E-Money Institutes

Companies licensed for account information services

Companies licensed for payment initiation services

Relaterade länkar

Ämnen

  • Telekom

Regioner

  • Stockholm

Smart Refill provides platforms and engaging apps for finance and telecom companies. We specialize in secure payment and information solutions that simplify the everyday life of the users and boost the businesses of our customers. Our PCI DSS Level 1 compliant environment handles hundreds of millions of SEK in payment transactions every year and our mobile applications are praised for being well-designed, innovative and useful. We are a licensed E-money Institution authorised and supervised by the Swedish Financial Supervisory Authority (Finansinspektionen).

Relaterad media

Relaterat innehåll

  • Smart Refill renewed PCI DSS certificate according to the highest international standard

    Following the corona pandemic, internet commerce is increasing and thus also payments handled online. High demands are placed on online payment operators to guarantee secure payments. For the tenth consecutive year, Helsingborg based IT company Smart Refill has been approved according to PCI DSS Level 1, the card companies' highest international standard, and is now aiming for future solutions.

  • Smart Refill continues to invest in digital services for the youngest bank customers

    ​Many parents are thinking about how to teach their children about economy when coins and banknotes are being replaced by numbers on a screen. In 2018, Smart Refill therefore released an app that playfully teaches children and youths how to manage money. Now the next version is released, where the children's bank account can be linked to the app and thus show real balance and transactions.

  • Smart Refill authorised as E-money Institution

    Smart Refill has been authorised as an E-money Institution by the Swedish Financial Supervisory Authority. The license shows that Smart Refill is a trusted partner and enables the company to offer secure payment solutions throughout the European market in line with PSD2 and Open Banking.

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