Finleap Connect

The seemingly inseparable connection of banks and “banking” is breaking up! In its place, figo has become Europe's first banking service provider. With its business model, the Hamburg-based B2B company has opened the doors to the banks and is a company unlikely most any other in this new open banking world. Data from 3,200 financial sources such as bank accounts, credit cards, deposits, PayPal and FinTech companies can be reached via figo, with more to come. The Payment Services Directive 2 (PSD2) itself outlines a successful concept for the infrastructure provider. One aspect of the new EU directive is the Access to Account (XS2A), which requires banks to make bank data available to so-called third parties. With its multifunctional platform technology, figo provides technical solutions for complying with XS2A, meaning banks do not have to develop this interface themselves. The extensive management functions of this tool include all regulatory requirements. Banks can also use the figo 'Banking as a Service'​ platform to create their own innovative products themselves. The combination of technology, regulation and community determines the strategic orientation of the company, putting figo on the way to becoming one of the first regulated FinTech companies within the PSD2. The objective is to assume the function of regulated account information and payment service provider for companies that are not regulated and to be a reliable outsourcing partner for those that are. As the foundation for the banking of the future, figo is positioned as a reliable solution provider for banks, FinTechs, e-commerce and software houses of all sizes. Compliance, data processing, full-service and business intelligence are key added values, with figo currently working with almost 40 experts every day. Contact form at https://www.figo.io/en/contact/ Imprint: https://www.figo.io/en/imprint/