Nordic challenger bank Lunar picks open banking from Aiia

August 20, 2020 | Rune Kallehauge

A new Nordic collaboration is on the rise as open banking platform Aiia can add leading challenger bank Lunar to its list of Nordic banks already taking advantage of its open banking technology to create value-added, multi-banking features. This partnership enables Lunar to take an important step in becoming the primary banking interface for its more than 250,000 users.

In the coming months, Lunar is set to activate multi-banking features and enable payments across Denmark, Sweden and Norway with Aiia. As a result, Lunar becomes one of the first Danish banks with a fully functional combination of both account aggregation and payment initiation.

The open banking partnership with Aiia supports Lunar’s ambitions of creating a ‘financial super app’ for its rapidly growing customer base across the Nordics. By utilising Aiia’s account aggregation and payment initiation services, the challenger bank will be able to provide customers with actionable open banking features that will allow them to not only view but also move money between accounts, as well as pay bills from accounts from other banks, in one app.

Commenting on the partnership, Joachim Strøjer Hansen, CPO of Lunar, said:

- “We have a strong ambition to create a financial super app to let our users manage all their finances across banks in one place and become the go-to interface for handling everything related to our users’ financial life. To deliver the future of banking services, we’re creating a digital banking experience that is second to none and we are excited to work with Aiia especially to offer payment initiation for our users. They bring extremely high quality and have proven high deliverance in a wide range of Nordic financial services.”

Rune Mai, CEO & Founder of Aiia, also commented on the partnership saying:

- “We’re very happy to see that Lunar is taking its next step in the open banking journey with Aiia. By leveraging open banking with our platform, Lunar will be able to fulfill their ambitious Nordic plans and create value with the best open banking capabilities the Nordics have to offer. We’re heavily focused on empowering Lunar on its journey to becoming the preferred banking choice by letting their customers experience the true value of open banking”

The partnership will soon be pushed live to all Lunar customers in Denmark, with Sweden and Norway to follow.

ENDS

For more information or interview inquiries please contact:
Rune Krogh Kallehauge, Head of PR, Aiia: rk@aiia.eu, +4525727014

Cathrine Kier, Head of PR, Lunar: ckk@lunar.app, +4520684510

About Lunar:
Founded in Denmark in 2015, Lunar is building a Nordic mobile bank from scratch after obtaining a banking license in August 2019. Lunar has more than 170,000 users in the Nordics save, spend and invest with Lunar. Lunar has also launched Lunar Business catering for small business with an offer of a complete business solution with integrations for accounting solutions, loans and much more.

Lunar has offices in Aarhus, Copenhagen, Stockholm and Oslo and +150 employees.

Learn more: https://lunar.app/en/

About Aiia:
Aiia is one of the most pioneering aggregators of financial data in Northern Europe. The platform enables access to financial data and account-to-account payments, so its customers can offer better solutions to theirs. Based in Denmark, the open banking platform has the most extensive coverage of banks – personal and business accounts. Launched in 2011, the business has received backing from Danske Bank and DNB due to the myriad innovation possibilities its technology provides and plans to be fully rolled out across Europe in 2021. Aiia was developed to standardise the format of financial data and payments, empowering the new world of finance across industries for consumers and businesses through fintechs, banks, payment providers, accounting systems, and more.

Today Aiia supports a long list of financial institutions with open banking services counting Danske Bank, OP Financial Group, DNB, Resurs Bank, Jyske Bank, Pleo and more.