Zürcher Kantonalbank Goes Live on SIX’s Open Banking Platform b.Linkby Fintechnews Switzerland January 25, 2021
Zürcher Kantonalbank is the third major Swiss bank to officially join SIX‘s open banking platform b.Link following Credit Suisse and UBS.
The bank has already connected with b.Link participant KLARA, an accounting solution provider.
With standardised interfaces, it is now possible for joint corporate clients to transfer payment data from their accounting tool directly to their e-banking. SIX said in a statement that it aims to simplify the process of onboarding third-party providers on b.Link by further developing its existing offering this year.
With the new “Consent as a Service”, SIX will in future offer security functions that third-party providers currently have to ensure themselves centrally via the b.Link platform.
This significantly reduces the effort required for admission testing and makes connecting to b.Link more convenient and cost-effective.
A new developer portal will also allow interested parties to view all APIs available on b.Link, including technical specifications, and to simulate corresponding use cases in a test environment before implementation.
“With Zürcher Kantonalbank, which has been instrumental in developing the open banking platform from the very beginning, another major financial institution underscores the relevance of open banking for the Swiss financial center.
This is an important step forward in our mission to connect banks and third-party providers in an efficient way,”
said Sven Siat, Head Connectivity at SIX.