NDGIT quadrupled its license revenues and added 20 new banks as customers in 2018 thanks to its PSD2 and Open Banking platform.
As a result it is one of the fastest growing B2B FinTechs in Europe and is fuelling the company’s dynamic European expansion to four new European locations in 2019.
“The increasing digitisation of banks, driven by a change in customer behaviour and the European PSD2 regulation, has been a tremendous growth driver for NDGIT,” according to Oliver Dlugosch, NDGIT’s CEO.
“Banks have realised that they have to change if they want to compete in the same ecosystem as new digital players. The NDGIT Open Banking platform has become an important technological enabler for those vying to stay ahead.
“With strong sales and customer growth in 2018, we were able to distinguish ourselves as the leading open banking provider in Europe.”
The company saw a 400% increase in license revenues last year with the success of its PSD2 and Open Banking platform and expects sales to double again in the first quarter of 2019. In addition to providing the first 360-degree platform for open banking, NDGIT also delivers turnkey PSD2 solutions that make banks “PSD2 ready”.
A total of 30 well-known banks belong to its customer base, including international leaders such as UBS and challenger banks like Banco BNI Europa.
It currently has 50 employees in Munich, London, Zurich and Warsaw. Strong international growth will see the team doubling to 100 employees in 2019 with new offices opening in Paris and Madrid. As a result, NDGIT intends to continue developing international markets and optimally serve its customers in more than ten countries.