Case Study: Coop Pank achieves PSD2-compliant open banking growth with Tieto Banktech

Coop Pank delivers live Open Banking APIs in 6 months with Tieto

Coop Pank, a top-five Estonian bank, faced the challenge of complying with the PSD2 regulatory mandate, which required opening its payment services to third-party providers. Partnering with vendor Tieto Banktech, the bank aimed to turn this compliance necessity into a strategic opportunity to strengthen its competitive position and support its ambitious growth goals by implementing a set of Open APIs.

Tieto Banktech delivered a full set of live Open API connections, including a regulatory sandbox and integration with the bank's core systems, within six months. As a result, Coop Pank experienced a substantial increase in transaction volumes and is now able to explore new product lines and revenue streams, successfully leveraging the mandatory services to enhance customer engagement and prepare for the future of Open Finance.

Coop Pank