European Open Banking API Platform service provider LUXHUB has disclosed it has secured a new partnership with Rakuten Bank Europe SA.
The partnership has been setup to support Rakuten with compliance ahead the looming PSD2 deadline whilst also “unlock the potential of open banking.”
Jacques Pütz, CEO, LUXHUB commented: “We are very pleased to welcome Rakuten as customer in our international ecosystem.
“Together we can explore the path of the open banking and create future exquisite financial services.“
Founded in 2018 by four Luxembourgish banks (BCCE, BGL BNP Paribas, Raiffeisen and Post) LUXHUB is a turnkey European solution providing managed services.
The addition of Rakuten takes the firms total of compliance partners in Europe to 34 financial institutions under 10 different regulators.
Jean Hilger, Chairman of the board, LUXHUB said: “LUXHUB stands as a reliable technical partner for Rakuten in this new challenging environment and we aim to proudly represent Luxembourg on the European open banking map.”
Rakuten Bank Europe SA is a fully licensed credit institution established in Luxembourg and is a subsidiary of the Japanese tech giant Rakuten, Inc.
Reasoning behind LUXHUB stems from the firms “agility in the technical and business fields” along with the speed and power of its software.
Toshihiko Otsuka CEO Rakuten Bank Europe SA explained: “We choose LUXHUB for its knowledge in the banking sector and its ability to innovate and accompany us in our fast-growing business.
“Together we will reach new heights of competence and provide the best services to our customers.”
