{"id":3373,"date":"2019-08-15T11:52:08","date_gmt":"2019-08-15T09:52:08","guid":{"rendered":"https:\/\/insurlab-germany.com\/?p=3373"},"modified":"2022-08-18T13:56:36","modified_gmt":"2022-08-18T11:56:36","slug":"banksapi-erhaelt-bafin-permission-as-a-account-information-and-payment-release-service","status":"publish","type":"post","link":"https:\/\/insurlab-germany.com\/en\/banksapi-erhaelt-bafin-erlaubnis-als-kontoinformations-und-zahlungsausloesedienst\/","title":{"rendered":"BANKSapi receives BaFin approval as an account information and payment initiation service"},"content":{"rendered":"<p><em>BANKSapi is a successful Banking-as-a-Service and Bancassurance provider and one of our Accelerator Startups in the Growth category 2019. We are very pleased to announce that they have received BaFin permission as an account information service as well as a payment initiation service with immediate effect. With the BaFin permission, BANKSapi is now launching its PSD2 solution REG\/Protect-as-a-Service.<\/em><br \/>\nREG\/Protect clients of BANKSapi, such as insurance companies, brokerage firms, billing and accounting programs or credit platforms, can offer the service spectrum account information and payment initiation in their customer portals, but do not themselves need to have the corresponding authorization under the Payment Services Supervision Act (ZAG).<br \/>\nWith the approval notice from BaFin, BANKSapi is further expanding its range of services with additional innovative functions based on the machine learning platform: from contract recognition to customer-oriented personal financial management. More than 93% of account turnovers can already be classified today, the digital insurance recognition INSUR\/Connect to 96%. The module classifies account turnovers according to insurance products, automatically enriches them with insurance turnovers and creates a fully digital insurance folder.<br \/>\n<strong>\u00a0<\/strong>\"Our team has worked intensively towards this moment. We implemented the process internally completely on our own. A great team effort! The positive BaFin decision, in addition to steady customer growth, is more than a confirmation that we are on the right track.\" - says Jan Wichmann, co-founder and member of the management board of BANKSapi.<br \/>\nBANKSapi is always perceived in the insurance industry as a pioneer for digital bancassurance. Among others, the insurance groups W&amp;W, Alte Leipziger, Swiss Life Select, tecis and others are already using the Open Banking solutions. In addition to the recent inclusion in the Accelerator Program of InsurLab Germany, BANKSapi was able to convince FondsKonzept AG, one of the leading broker pools.<br \/>\n\"We are happy to have BANKSapi in our Accelerator Program and congratulate them on this important milestone! I am convinced that BANKSapi will celebrate many more successes and we as InsurLab Germany look forward to accompanying them on their way\", says Sebastian Pitzler, Managing Director of InsurLab Germany.<\/p>","protected":false},"excerpt":{"rendered":"<p>BANKSapi is a successful Banking-as-a-Service and Bancassurance provider and one of our Accelerator Startups in the Growth category 2019. We are very pleased to announce that they have received BaFin permission as an account information service as well as a payment initiation service with immediate effect. With the BaFin permission, BANKSapi is now launching its PSD2 solution REG\/Protect-as-a-Service.<\/p>","protected":false},"author":2,"featured_media":12286,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-3373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BANKSapi erh\u00e4lt BaFin-Erlaubnis als Kontoinformations- und Zahlungsausl\u00f6sedienst - InsurLab Germany<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insurlab-germany.com\/en\/banksapi-erhaelt-bafin-permission-as-a-account-information-and-payment-release-service\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BANKSapi erh\u00e4lt BaFin-Erlaubnis als Kontoinformations- und Zahlungsausl\u00f6sedienst - InsurLab Germany\" \/>\n<meta property=\"og:description\" content=\"BANKSapi ist ein erfolgreicher Banking-as-a-Service- und Bancassurance-Anbieter und eines unserer Accelerator-Startups der Kategorie &quot;Growth&quot; 2019. Wir freuen uns sehr, dass sie mit sofortiger Wirkung die BaFin-Erlaubnis als Kontoinformations- sowie Zahlungsausl\u00f6sedienst erhalten haben. 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