SpareBank 1 | API Management Helps Solve Banking Challenges

My name is Rune Rasmussen. I” m employed
My role is as a system owner of the API platform and the APIs in Spare Bank 1. Spare Financial institution 1 is an alliance which is providing the digital services for all the 14 financial institutions.
solutions to the various electronic arenas.We wanted to reuse and to optimize the
Advancement and back in 2015 we saw that we needed to go the API method and we
needed to publish that externally. The solution was truly to go with a common developed portal for having the ability to publish external APIs to our very own digital fields
As for our partners. Of all, the value it produced was that we were able to go right into and resolve the PSD2 difficulty we had to do governing
requirements. We obtained in the PSD2, the settlement solution directive second, as
well as we were able to offer a remedy for our external electronic sectors
like the mobile financial institution and the net bank along with various other services as well.And we were additionally able to acquire value by providing APIs and functionality to companions The huge benefits for Spare Financial institution is really that we can recycle all we create implying that if we develop an accounts API after that we can use it in our net financial institution and we can utilize it with our partners. I. reuse rather than creating whatever every single time. So faster shipment,. reduced expenses. When we saw that they had a regional, one of the reasons was that we mapped the market looked at the various suppliers that could give the remedy and. partner in Sopra Steria, after that we located that this combination was really. what we desired and needed.The roadway in advance for Spare Bank once again,
when it involves.

banking as a service, and additionally the open banking is really to establish, develop. more APIs to be able to have our own organization along with FinTech. firms to do more and brand-new innovative services ahead
of the bank. capability.

My role is as a system owner of the API system and the APIs in Spare Bank 1. Spare Financial institution 1 is a partnership which is providing the digital services for all the 14 financial institutions. API then we can utilize it in our net bank and we can utilize it with our partners. I. reuse instead of developing everything every time. One of the factors was that we mapped the market looked at the different suppliers that can give the solution and when we saw that they had a local.

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