2
axway.com
Headquarters
Luxembourg
Industry
Banking
Company Profile
LUXHUB is a European open banking
API platform
Challenge
Manage all aspects of the third party developer experience by
providing a common developer portal with a catalog of PSD2 APIs
from participating banks.
Solution
AMPLIFY™ API Management
Results
A new open banking compliance-as-a-service marketplace that allows
multiple banks and fintech providers to offer all their open APIs on one
platform, with 800,000 end customers ready to use LUXHUB in 2019
Staying competitive in the age of GAMFA
(Google, Amazon, Microsoft, Facebook, and Apple)
For the last several years, fintechs have often been framed as being a
big threat to banks. fintech startups can act quickly to create delightful
customer experiences (CX) that drive adoption of their app products. This
lets the startups create a foothold where they can expand out from being
a CX-focused app into a genuine business that offers a range of next-
generation digital services. The customers who joined them to make use of
their app end up using more of their digital financial service offerings. Where
fintechs can't provide the full suite that banks offer, they partner with other
fintechs — like N26 and TransferWise have done, for example — to provide
a fuller complement of services, and to compete more effectively with
established enterprises.
