Facts and figures
According to EBF, Finland has 3 major banks who together hold 70% market shares - Nordea Bank, OP Financial Group and Danske Bank.
89% of Finnish population use online banking services, including the elderly (age 65-79) from which up to 80% also choose to pay their invoices using online banking (Finance Finland, 2019).
Open banking
Most of the largest banks have active open banking developer portals that provide regulated access to account information.
Active portals:
- Nordea Bank -Nordea Developer Portal
- OP Financial Group -OP Financial Group Developer Portal
- Danske Bank -Danske Bank Developer Portal
- Handelsbanken - Handelsbanken Developer Portal
- Ikano Bank - Ikano Bank Developer Portal
- Aktia Bank - Aktia Bank Developer Portal
- S-Pankki - S-Pankki Developer Portal
- Bank Norwegian - Bank Norwegian Developer Portal
Integration with APIs
To use access and use the open banking APIs in Finland, you will need to acquire an account information service provider license, issued by the relevant authority. In addition to that, you will require a relevant certificate (QTSPs or eIDAS), compliant with PSD2 requirements.
Alternatively, you can use Nordigen's free Account Information solution.
Key benefits:
- one API, already integrated with all the major Finnish banks,
- access bank account history, up to 2 years,
- 90-day continuous access to bank accounts,
- access to personal and business account information,
- free of charge, no hidden fees.
Learn more about Nordigen's Account Information here or get access to the API now.
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Article by
Rolands Mesters
