Banqware, operating under the banqUP brand, may act as a provider of services for access to bank account information in 19 European countries based on the decision of the Polish Financial Supervision Authority (KNF).

The Polish-Belgian banqware company now allows access to bank accounts from 9 European countries. Thanks to the extension of the license, it will be able to provide services in 19. These are:

Poland, Ireland, Belgium, Spain, the Netherlands, Sweden, Bulgaria, Czech Republic, Estonia, Germany, Finland, France, Lithuania, Latvia, Slovakia, Hungary, Romania, Luxembourg, and the United Kingdom.

- We are already working on connecting banks from new countries to our API - says Krzysztof Pulkiewicz, CEO of banqUP. The company has already submitted documents needed to operate in more European countries. - We hope that in a few months we will be able to provide our services everywhere in Europe. We are also applying for a license to act as a PISP - Payment Initiation Service Provider. It will allow us and our client to initiate payments from a bank account - explains Pulkiewicz.

What is banqUP?

The open banking platform developed by banqUP allows clients to easily integrate with bank systems and thus obtain data from bank accounts. This in turn enables banqUP and its partners to provide new services, such as bank account integration, creditworthiness assessment, identity confirmation, and support for SMEs in liquidity management. The company, as the second entity in Poland, received the AISP license from the Polish Financial Supervision Authority.

BanqUP also offers TPP-as-a-service for companies that consider applying for a TPP license too time-consuming or simply unnecessary for their business. TPP-as-a-service enables such entities to access aggregated banking data via the banqUP platform, which allows innovators to work on solutions using open banking quickly, without the need to obtain licenses and the need for independent integration with every bank.