Meniga, the global leader in digital banking solution is set to expand its product offer. The company has recently announced that it has been successfully registered as an Account Information Service Provider by FCA in the UK, enabling it to offer services beyond the financial sector.
In the Nordics, the company already has extensive experience in working with insurers and retailers, considered as non-traditional providers of financial advice, however with new Financial Conduct Authority (FCA) license, Meniga can provide regulated products and services as well.
This would include better support for institutions that are not licensed by FCA and account aggregation services from financial institutions.
Meniga has been providing white-label digital banking solutions since 2009. With this license, the company is likely to increase its engagement with potential partners such as insurers, telcos, retailers, etc…
Due to FCA license, Meniga can become a global, one-stop-shop offering full open banking services. Company’s new offer will inculcate insights & analytics and a powerful API platform.
Georg Ludviksson, CEO and Co-Founder of Meniga, calls it an amazing milestone for the company, for it, now gives us the chance to test new innovations against the Open Banking APIs— helping us develop products of outstanding quality. Our constant efforts have been to improve our services and technology across multiple sectors to meet the rapidly evolving needs of the end consumer.