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LUXHUB Partners With Rakuten Europe Bank To Unlock The Potential Of Open Banking

LUXHUB, one of the leading European Open Banking API Platform service provider establishes a partnership with Rakuten Europe Bank to help it with PSD2 compliance and unlock the potential of open banking. With Rakuten on board, LUXHUB strengthens its market leader position in Europe having recently signed other bank cooperation throughout Europe (So far, 34 financial institutions under 10 different regulators).

Rakuten Bank is a fully licensed credit institution established in Luxembourg and supervised by the Commission de Surveillance du Secteur Financier. Rakuten, Inc. is a global leader in internet services that empowers individuals, communities, businesses and society. The company provides a variety of consumer and business-focused services including e-commerce, fintech, digital content and communications to more than 1.2 billion members around the world.

“We choose LUXHUB for its knowledge in the banking sector and its ability to innovate and accompany us in our fast-growing business. Together we will reach new heights of competence and provide the best services to our customers.” – Toshihiko Otsuka CEO of Rakuten Bank

Rakuten Bank Europe SA chose LUXHUB for its agility in the technical and business fields, fast software development life cycle and the high-end workflow processes. LUXHUB’s marketplace offers a fast, secure and standardized way to a wide variety of services to enrich the digital experience of their customers and to find resolutions related to regulatory and legal issues.

With a very empowering philosophy, Rakuten believes in innovation as a driver of global change, enriching the lives of people around the globe and bringing joy to their everyday. Rakuten’s vision is to embrace new and disruptive ideas, the commitment to act on them and the venture spirit that believes in the potential to change the world. Since 2012, Rakuten has ranked in the top 30 of Forbes Magazine’s annual “World’s Most Innovative Companies” list.

“LUXHUB stands as a reliable technical partner for Rakuten in this new challenging environment and we aim to proudly represent Luxembourg on the European open banking map.” – Jean Hilger, Chairman of the board of LUXHUB

LUXHUB will support Rakuten with a rich developer portal, test environment and sandbox facilities, providing cybersecurity protection and guaranteed adaptability and flexibility to continuously evolving standards and regulatory requirements. “We are very pleased to welcome Rakuten as customer in our international ecosystem. Together we can explore the path of the open banking and create future exquisite financial services”, concluded Jacques Pütz, CEO of LUXHUB

The article is sponsored by LUXHUB and reflects only the opinion of the author.

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