Knowledgebase

Thanks to open banking it is now possible to easily share financial data, such as your transaction history, with others. Sharing financial data has possible for much longer, but the way in which it was done was often cumbersome. Think of manual exports or even further back in time requesting mountains of paper account statements. With open banking you can now share your data directly from your laptop, tablet or mobile phone with just a few clicks.

On the 25th of July 2023 a fundamental change will be announced in the context of the PSD2 regulations. From that date, the validity of a 'consent', or in other words a user's permission to share his or her payment details, will be extended from 90 to 180 days.

The Brabant Development Company (BOM), De Bossche Investeringsmaatschappij (BIM) and EMM Holding are making a follow-up investment in the AI ​​platform of EnableNow. The BIM finances from the municipal Data and ICT starters fund. The startup offers smart applications of bank data for the development of new services and products for companies. EnableNow customers use the Payment Service Directive2 (PSD2) license granted to the company by De Nederlandse Bank.

We started connecting the Dutch banks to our platform. The so-called onboarding of these banks is essential for our services. After approval from the consumer or the company, we can collect transaction data, enrich it and offer it to our customers. In this way our customers get to know their customers even better. It is not for nothing that we start with the Dutch banks. We see that there is still a world to be won in the Netherlands in the field of Open Banking by means of PSD2. For example, SMEs are only sparingly benefiting from the opportunities that are available.

EnableNow BV from Nieuwkuijk has developed a PSD2 platform that generates real-time insight into financial customer data. After an extensive accreditation process, EnableNow recently received the necessary license as an account information service provider from De Nederlandsche Bank NV (DNB). The EnableNow application is intended for (financial) service providers within SMEs who want to get to know their customer better, so that they can offer appropriate products and services.

You might not notice it, but Fintech is a trend that we all encounter in everyday life. Fintech consists of innovative solutions that, for example, improve the financial sector and disrupts existing structures.