NDGIT GmbH announced today that it quadrupled its license revenues and added 20 new banks as customers in 2018 thanks to its innovative PSD2 and Open Banking platform. These success rates make NDGIT one of the fastest growing B2B FinTechs in Europe and is fuelling the company’s dynamic European expansion to four new European locations in 2019.
“The increasing digitisation of banks, driven by a change in customer behaviour and the European PSD2 regulation, has been a tremendous growth driver for NDGIT,” according to Oliver Dlugosch, NDGIT’s CEO.
“Banks have realised that they have to change if they want to compete in the same ecosystem as new digital players. The NDGIT Open Banking platform has become an important technological enabler for those vying to stay ahead. With strong sales and customer growth in 2018, we were able to distinguish ourselves as the leading open banking provider in Europe.”
NDGIT’s recent successes include:
NDGIT reports a 400% increase in license revenues last year with the success of its PSD2 and Open Banking platform and expects sales to double again in the first quarter of 2019. In addition to providing the first 360-degree platform for open banking, NDGIT also delivers turnkey PSD2 solutions that make banks “PSD2 ready”.
In 2018, NDGIT gained over 20 banks as new customers for its PSD2 and Open Banking platform. NDGIT is also the most widely used PSD2 compliance solution in Europe. A total of 30 well-known banks belong to its customer base, including international leaders such as UBS and “Challenger Banks” like Banco BNI Europa.
NDGIT currently has 50 employees in Munich, London, Zurich and Warsaw. Strong international growth will see the team doubling to 100 employees in 2019 with new offices opening in Paris and Madrid. As a result, NDGIT intends to continue developing international markets and optimally serve its customers in more than ten countries.
The secret to NDGIT’s success is its Open Banking Platform that allows banks to open up to digital partners without having to change their banking systems fundamentally. With NDGIT, banks can connect, control and evaluate innovative products and services from FinTechs via APIs. These new services can be easily integrated into existing systems.
Banks are already using this platform to efficiently implement PSD2, build ecosystems, provide banking-as-a-service to their digital partners, and rapidly deliver FinTech innovations and services to their customers through the NDGIT Marketplace.