LUXHUB, the European Open Banking API Platform service provider, announces today that SVEA BANK in Sweden has chosen its platform to comply with the PSD2 Directive/Standards and to strengthen the bank in maximizing the opportunities related to the new Open Banking economy.

LUXHUB is happy to onboard SVEA BANK, a specialised Swedish Retail Bank, into its strong-growing ecosystem. Together with SVEA BANK, innovative solutions will raise and insure the smooth integration towards the new digital era.

In a first step, LUXHUB will provide SVEA BANK the necessary technical solutions to help its activity in the PSD2 compliance. Secondly, LUXHUB will offer all the required tools to further develop interaction between the different players of a new dynamic and vibrant ecosystem.

LUXHUB’s PSD2 XS2A Compliance Product represents LUXHUB’s first accelerator, helping European banks to technically comply with the mandatory dates of the PSD2 directive (Second Payment Services Directive). LUXHUB’s market place offers an innovative solution that will stand out and help all financial institutions to put the end customer back in the center of interest.

SVEA BANK and LUXHUB will work together to insure a reliable, fast and performing orchestration in the Open Banking Context. LUXHUB is naturally positioning itself from its inception as a key player to drive the European Open Banking Economy.

“As an agile new financial Institution, we were looking for a strong European partner to be compliant and further help us leverage future business opportunities”, CEO Victor Ramström SVEA BANK

*We aim to help banks of all sizes to become more digital and comply with upcoming regulations in an easy way*, Jacques PÜTZ, CEO LUXHUB

[toggle title =”About LUXHUB“] LUXHUB is the result of a partnership between four leading Luxembourg banks, Banque et Caisse d’Epargne de l’Etat Luxembourg, BGL BNP Paribas, Banque Raiffeisen and Post Luxembourg. LUXHUB is determined to increase the speed of innovation and to make the interconnection of the entire ecosystem of banks and Third-Party Providers as easy and smooth as possible.[/toggle]