Latvian Open Banking platform Nordigen has announced a collaboration with Software-as-a-Service (SaaS) investment platform Tapline to provide data on business accounts, transaction insights, risk analysis, and credit scoring.
Tapline, which describes itself as a “two-sided” platform that enables SaaS companies to sell their recurring revenues to institutional investors for annual returns, will use Nordigen’s PSD2-regulated APIs to monitor B2B accounts and gather insights on enterprise financial activities and credit scoring.
A risk analysis assessment based on the information that Nordigen is able to provide can then be created.
Peter Grouev, co-founder of Tapline, said: “Secure financial information sharing and analytics tools are crucial to our investment platform and we would not be able to analyse risks, do credit checks or gain insights on our client’s finances without them.
“Nordigen’s PSD2-regulated APIs help us enhance our range of services to a higher level.”
“PSD2 was created to provide seamless access to Open Banking data and we’re delighted that our Open Banking solution is able to help and provide Tapline with additional financial insights,” added Rolands Mesters, co-founder and CEO of Nordigen.
Nordigen’s free API connects to more than 2,100 banks in Europe and serves fintech companies and developers in 31 European countries, including the UK.
Buy now, pay later provider Anyday recently teamed up with Nordigen to improve the loan decision-making process.