Qwist

Qwist Products

Qwist offers unparalleled solutions tailored for seamless financial interactions, setting new standards in the open finance industry. With a suite of products designed to cater to various needs within the open finance ecosystem, Qwist is a pioneer in this field.

Digital Account Switching

The dgtal SwitchKit Suite by Qwist enables digital account and portfolio switching for banks and financial institutions. This solution allows for the switching of accounts or portfolios in minutes instead of hours, significantly improving customer satisfaction and ensuring seamless onboarding. The Account SwitchKit Plus intelligently analyses account data, providing immediate insights for targeted customer acquisition and personalised marketing from day one.

Open Banking Compliance

Qwist’s ndgit Open Banking Suite empowers banks to deliver PSD2 data effortlessly. This suite provides the necessary tools to meet current PSD2 requirements and future regulations such as PSD3, PSR, and FIDA. By ensuring compliance, Qwist helps banks deliver essential data without hassle.

Financial Data Analysis

The nrich Financial Data Suite by Qwist offers categorised and analysed financial transaction data. This suite enables robust verification, de-risking, and identification of upsell opportunities. By leveraging this data, businesses can make informed decisions and enhance their financial strategies.

Digital Lending Integration

Qwist’s mbed Digital Lending Suite integrates digital lending into e-commerce platforms. This solution increases conversions and speeds up payouts by financing high-value purchases at bank interest rates. It is particularly valuable for online retailers and marketplaces looking to offer their customers flexible financing options.

About Qwist

Qwist is based in Berlin, Germany, and was founded in 2019. The company has rapidly grown to employ around 120 professionals dedicated to pioneering the future of Open Finance.

Company Vision and Reach

Qwist envisions itself as a leader in the open finance industry, dedicated to accessing, analysing, and harnessing financial data. The company connects third-party providers with banks’ account information, facilitating seamless financial interactions. Qwist serves more than 100 customers in the DACH region as well as in Spain and Portugal, including well-known banks, insurance companies, and leading automotive platforms.

Regulatory Compliance and Market Impact

As a regulated financial institution, Qwist is entitled to supply data to businesses even if they do not have a licence. The company’s solutions facilitate the financing of thousands of high-value purchases per quarter, making it a valuable partner for online retailers and marketplaces.