Subaio is a FinTech service providing consumers with an overview of their subscriptions and other recurring payments, allowing users to easily cancel and modify subscriptions. As such, Subaio addresses some of the big challenges of the growing subscription economy, namely consumers’ lack of overview, risk of falling into subscription traps etc.. Subaio’s solution is accessed through a Facebook Messenger chatbot and via a web application. Subaio is using various API services at Spar Nord Bank such as Account Information & Transaction History. Subaio is taking advantage of the Spar Nord standard Identity Provider Platform, (the e-mobility platform), using NemID for consent of the customer and provides a Token based communication on the API subsequently. Subaio is the first venture case and integration for Spar Nord Open Banking
Young Money is a digital solution developed and run by Spar Nord on top of the same API's that we expose for our third parties. The vision behind Young Money is to empower kids to handle savings and payments. With Young Money parents can finally let their children go shopping and transfer money with peace in mind. The child controls its consumption in the Young Money app while at the same time learning about money and its value. Young Money is small money made smart. Young Money is using various Consent/Token/API services at Spar Nord Bank just like Ernit and Subaio. Services such as Create Account, Account Information, Account Balance, Transaction History and Payment Initiation. Young Money was launch in Q4 of 2017 and received great traction since then. Young Money is continuously launching new features.
In a digital world, where bank notes and coins have become a rare sight, the concept of money has become harder to understand and harder to teach. The ERNIT app makes digital money visual, tangible and fun. And it's the world's first digital piggy bank connected to a real bank accounts. The playful and engaging app makes the intangible, tangible. Ernit can be accessed through IOS and Android. Ernit is using various API services at Spar Nord Bank such as Create Account, Account Information and Account Balance. Ernit is taking advantage of the Spar Nord standard Identity Provider Platform, called the e-mobility platform, using NemID for consent of the customer and provides a Token based communication on the API subsequently. Ernit is the second venture case and integration at Spar Nord Open Banking
Debito is a FinTech service revolutionizing debt collection in Denmark with expansion plans for Europe. Debito makes it possible for small companies to access debt collection services much easier and much cheaper than what used to be the case. Debito is a 100% digital platform using third parties for debt collection service and thereby offering the SME a ‘no cure no pay’ model. Debito is available for all companies in Denmark. Debito works closely with Spar Nord, which is why Debito is also the third venture case in Spar Nord Open Banking. Moreover Debito is located in the incubator of Spar Nord Open Banking. Debito does not use the Spar Nord FinTech platform at the moment but will eventually take advantage of account services.