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LUXHUB: A single portal for banking APIs
LUXHUB is a new open banking service that allows multiple banks and fintech
providers to offer all their open APIs on one platform.
"It's a marketplace," says LUXHUB CEO, Jacques Pütz. "We already have
800,000 end customers ready to use the services on our platform in 2019."
Pütz says LUXHUB will publish a developer portal with a catalog of the PSD2
APIs available from each of the banks that came together in a co-opetition
model to release their APIs.
Supervised fintechs and banks can sign up to access each individual bank's
APIs through LUXHUB. The LUXHUB platform then manages all aspects of the
third-party developer experience.
LUXHUB will:
• Publish each bank's APIs
• Ensure that third parties have the appropriate AISP (Account Information
Service Provider) or PISP (Payment Initiation Service Provider) certification
required to access payments and account information on behalf of
consenting mutual customers
• Manage API consumption by third parties (by offering a mandatory sandbox
and documentation, by enabling management of API consumption, and by
hosting helpdesk support)
FinTechs
Payment service providers
Other TPPs
