Revolut Trading Ltd is a wholly owned subsidiary of Revolut Ltd. Revolut Trading Ltd is an appointed representative of Sapia Partners LLP (No 550103) which is authorised and regulated by the Financial Conduct Authority. Trading and investment services are provided by Revolut Trading Ltd (No. Revolut Ltd is an Appointed Representative of Lending Works Ltd for the activity of “operating an electronic system for lending”. Insurance related-products are provided by Revolut Travel Ltd which is authorised by the Financial Conduct Authority to undertake insurance distribution activities (FCA No: 780586) and by Revolut Ltd, an Appointed Representative of Revolut Travel Ltd in relation to insurance distribution activities. Registered address: 7 Westferry Circus, Canary Wharf, London, England, E14 4HD. This package provides the endpoint for effective lead qualification, risk assessment, and credit scoring. 08804411) is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 900562). Moneymoney introduced a PSD2 API subscription (10 EUR/year) for users that want to connect to banks that way, which seems fair to me.Ĭopyright © 2015 Revolut Limited, registered in England and Wales. So they are currently just reluctant to invest in this.
#MONEYMONEY PSD2 API SUBSCRIPTION FREE#
It’s a free app, and their only approach currently to generate revenue is a half assed integration with Verivox’s price comparison database (Outbank is owned by Verivox).
Outbank has problems to monetize their business model. They could, for example, keep their “zero knowledge” approach for accounts where it works (most legacy banks in Outbank’s home market), and only use PSD2 APIs for neobanks that don’t provide access via outdated standards. Instead of registering themselves, they could rely on third party account aggregators. It’s a direct access, not via a third party service.īut to me it now seems to be an excuse not to adapt PSD2 APIs. But this use case is somehow outside the PSD2 regulation, because, technically, not Outbank is accessing an account, it’s the user themself, via the Outbank software, installed on a device owned by the user. They designed their product based on a zero knowledge privacy strategy.
Their logic is that they’re not processing account data.
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