Case Study: Qonto expands European bank aggregation with Powens Open Finance

Qonto boosts European banking coverage with Powens and 75% account-linking acceptance rates

Qonto, a European provider of business banking accounts, needed to securely connect and aggregate data from its users' various external bank accounts across multiple EU countries. Their challenge was to achieve this broad bank coverage in a compliant way while maintaining a high-quality user experience, which led them to partner with vendor Powens and implement its bank aggregation solution.

Powens provided its Bank solution, a single API platform offering Europe-wide coverage, best-in-class connection UI, and access to rich current and historical data. This integration allowed Qonto to seamlessly centralize its clients' financial data from multiple banks into one platform. The results include powering Qonto's strategic expansion and contributing to its impressive Net Promoter Score (NPS) of over 75, which far exceeds the industry average.

Qonto