Overview
What is Nordigen?
Nordigen is an open banking platform with a suite of products that helps companies in building financial applications which can interact with bank accounts and automatically gain insights to add value to the data. With just one API call users…
Pricing
Self-Service
$0.57
Enterprise
Custom Pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
Product Demos
Nordigen Live Product Demo at Finovate London 2019
Product Details
- About
- Competitors
- Tech Details
What is Nordigen?
Nordigen is an open banking platform with a suite of products that helps companies in building financial applications which can interact with bank accounts and automatically gain insights to add value to the data. With just one API call users can identify basic identity information or get a detailed income overview for that person, including data points like projected income and income stability. The platform is designed to help banks, lenders and fintechs to develop apps that easily sync with customers bank account data, speed up the customers onboarding process, verify your customer identity, use cleansed data from bank statements to make informed decisions.
The vendor states their clients are Banks, Lenders, Fintechs and companies from other industries who use Nordigen to make improvements in risk assessment of borrowers, check the amount of income, verify identity, improve customer onboarding and different other use cases. One client, BigBank, is a lender in several European countries, Nordigen has helped improve their bank statement analysis speed (according to the vendor) one hundred times. They further state that by using Nordigen API, other companies have increased their lending volumes, increased loan acceptance rates, overall efficiency and revenue.
Nordigen Features
- Supported: Account Aggregation
- Supported: Transaction Categorisation
- Supported: KYC
- Supported: Credit Scoring
- Supported: Risk Insights
- Supported: Loan Insights
- Supported: Income Insights
- Supported: API integration
Nordigen Screenshots
Nordigen Competitors
Nordigen Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | No |
Supported Languages | English |
Comparisons
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Reviews
Community Insights
- Pros
- Cons
Competitive Pricing: Several users have praised Nordigen's pricing, stating that it is competitive and provides a lot of value. They appreciate the free tier and feel that even as a free user, they receive better support than what big companies offer.
Large Coverage: Multiple reviewers have mentioned that Nordigen has a large coverage and all commonly used endpoints are covered. This feature allows them to integrate Nordigen into their products easily.
Great Support: Many users have described Nordigen's support as amazing and simply fantastic. They appreciate the team's willingness to help and felt that from a developer's perspective, it was very easy to integrate with Nordigen into their product.
Inaccurate API Documentation: Some users have experienced difficulties while implementing the software due to inaccurate API documentation.
Difficulty Finding Premium Login Page: According to some users, finding the login page for the premium API was difficult and they hope that it will be made more clear in the future.
Absence of TypeScript SDK: The lack of an SDK written in typescript has been highlighted by some users as a disadvantage, which would have helped them get typings within their codebase.