How they describe themselves: NDGIT stands for Next Digital Banking and provides the first API platform for banking and insurance. It connects banks and FinTech companies with digital ecosystems. This technology enables banks to open themselves up to digital partners with open banking APIs and PSD2 solutions. In this way, the NDGIT FinTech platform forms the technological backbone for new applications and IT landscapes in banking and insurance. In 2017, NDGIT implemented the first open banking system for Switzerland and was honoured with the Euro Finance Tech Award 2017 for the best co-operation between a bank and FinTech.
How they describe their product/innovation: Use the NDGIT API-Platform to build process innovations with Fintech-APIs. Easy-made combination of PSD2 enabled access-to-account, credit reporting, financial scoring and digital signature from Europe’s best-of-breed Fintech APIs selected from the NDGIT API-marketplace and composed with a workflow engine.
This platform offers customers a convenient and fully digital loan application without media breaks, minimal data entry and a fully secure risk profile.
NDGIT’s #1 API-platform for banking is already being used by more than 30 banks and integrated with more than 30 FinTech companies in 10 countries across the UK and continental Europe.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms