Name change on the way for Nordic API Gateway

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Valentina Vitali
Valentina Vitali
FXC Intelligence Research Analyst
Valentina is a Research Analyst at FXC Intelligence, the data sister company of FXcompared. Valentina is passionate about payments and fintech. Valentin enjoys analysing money transfer companies and… Read more
  • Nordic API Gateway, which offers open banking technology services designed to be private, secure and high quality, has said that it will be changing its name to Aiia.
  • The move comes at a busy time for the company, which is also expanding across Europe to a range of different countries such as Poland, Latvia and the Netherlands.
  • A senior spokesperson for the company said that the time spent so far focusing on development in the firm’s native Nordic region was now paying off as it meant that the level of service quality was so high.

Nordic API Gateway has announced that it will be changing its name to Aiia.

The firm said that it was making the change in the context of significant platform expansion across key European markets.

Aiia, as it will be known, offers services such as bulk payments and international money transfers in Europe.

Its open banking services are designed to increase privacy and deliver a secure platform to users.

The company prides itself on being a provider of open banking services that are compliant with the laws and regulations of the markets they operate in.

It offers features such as account aggregation and payment initiation.

‘Open banking’ refers to an increasingly common practice of financial services providers involving the integration of data for the benefit of customers who want to see their financial information or switch provider.

It has been encouraged and mandated by a number of governments and organisations, including in Europe.

In a statement, the firm’s chief executive officer Rune Mai pointed out that the firm enjoyed a strong presence already thanks to its initial growth in the key Nordic region.

Mai said that the time and focus it has experienced during this period has allowed it to produce a strong, quality offer.

“Because we’ve built our organisation the way we have – and because we’ve had time to stay in the Nordics as long as necessary, we’ve built a model that works,” he said.

“If you ask me, that’s the real reason why we have such a high bar for quality.”

He also gave more details about the firm’s planned European expansion, which will be happening alongside its rebrand.

“The same goes for our European expansion. We’ve had time and peace of mind to find out what it takes to create quality, and now, we’re ready to take that quality model to new markets,” he said.

In a press release, Aiia shared information about the countries it would be expanding to.

These are all located in what the firm described as the “vast addressable European payments markets”.

Some of the Baltic countries are on the list, including Latvia and Estonia.

Lithuania is also included.

The Netherlands and Poland are also both on the list.

To learn more about what’s taking place in the online money transfer sector, all you need to do is go to our reviews pages and find out more information about what the different market leaders and other firms have to offer.


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