figo opens up banking and payments and makes the infrastructure accessible for new use cases. With the banking platform, it is possible to read bank data, analyse financial sources, initiate transfers, verify account balances such as IBAN or balances, aggregate finance sources into one customer experience and categorise transactions. This allows partners, for example, to carry out credit checks or, at the request of the account owner, to offer individualised financial tips based on the data. Machine learning ensures ever more precise associations and thus a considerable added value for partners who create applications and products based on figo technology.

Start now - with figo

According to the national implementation of the PSD2 since January 2018, all account information (AISP) and payment initiation service providers (PISP) must either apply for their own registration or licence at the Federal Financial Supervisory Authority or use the ‘Licence as a Service’ model of a licensed partner.

Since August 16th 2018, figo is a regulated institution under the Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG), granting figo authorisation by the Federal Financial Supervisory Authority (BaFin) to provide AIS and PIS, which have been regulated since the beginning of the year.

figo products tailor-made for your needs

You have your own permission?


You don’t have your own permission?