Nordea was one of the first banks in Europe to see the potential opportunities offered by PSD2 (Payment Services Directive) regulations which require banks to open up to third parties to offer services to account holders. Moving in leaps and bounds since then, the organisation is continuing to shape Europe’s Open Banking market, recently announcing its new API-enabled Instant Reporting tool for corporate clients.

We caught up with Ville Lauttamus, Product Owner – Open Banking Identity & Access at Nordea to get some tips on how Australian banks can effectively implement Open Banking measures to not only comply with regulatory requirements but also best commercialise the opportunities it is set to enable, ahead of Open Banking Sydney 2019.