SIX Group has partnered with Luxembourg-based open banking startup Luxhub to utilize its Open Banking technology.

This collaboration with Luxhub is an extension of its Swiss open banking suite following the launch of SIX’s b.Link platform which offers standardised sharing of data among financial institutions and third-party providers.

Having initially supported multiple financial institutions throughout the PSD2 compliance process, LUXHUB One was launched 12 months later, in September 2019, to act as a single integration layer, and is said to provide secure and efficient connectivity to PSD2 APIs and a fast route to account aggregation and payment initiation services which will soon be available in Luxembourg.

Marco Menotti, Head Banking Services and Member of the Executive Board at SIX Group said,

“The partnership underlines our commitment to Open Banking in Switzerland. Together with Luxhub we will be able to accelerate our offering, but more importantly test and learn from each other with the goal of bringing innovations to our clients.”

Featured image: (From Upper Left to Right) SIX Group’s Head of Connectivity, Sven Siat, and Marco Menotti, Head Banking Services and Member of the Executive Board at SIX Group, (Lower Left to Right) LUXHUB’s CEO Jacques Pütz, and Claude Meurisse, LUXHUB’s COO.