The permit was issued by the Polish Financial Supervision Authority (KNF) pursuant to the provisions on the so-called open banking
On its website, the KNF has just presented an update of the register of suppliers providing only the account information access service. The Warsaw company Ramp Link, which belongs to Ramp Network, has just joined the fintechs present there, such as Kontomatik and Banqware. According to the information on the company's website, it specializes in developing services using blockchain technology.
The register in question was created on the basis of provisions on so-called open banking, introduced by the PSD II directive. It contains institutions that, based on the permission of the KNF, can provide services based on data collected on their clients' bank accounts, such as transaction history. Companies can access data using the API only with the consent of their customers.
In addition to fintechs that are in the KNF register, services that use open banking can be offered by banks themselves as well as fintechs licensed by a national payment institution or electronic money institution. PayU and Blue Media are among KIPs from Poland that may already offer open banking solutions. This last one already supports, for example, Provident, which can therefore offer a simplified loan application process. ING and Millennium are the first two banks from Poland, which thanks to PSD II offer through their own transaction service, the ability to view accounts from other banks.