finAPI is now TÜV-tested and certified
Data protection and data security for account information and payment initiation services independently confirmed
TÜV Informationstechnik GmbH (TÜViT) has certified finAPI GmbH, a leading open banking provider in Germany, with the “Trusted Site Privacy” certificate. This seal of approval confirms finAPI’s privacy-compliant and secure handling of the customer data. The TÜViT certification authority thus certifies finAPI’s fulfillment of all criteria for the handling of processes within the scope of providing services related to the account information services and the payment initiation services for the Trusted Site Privacy certificate.
finAPI is licensed by BaFin as an account information service and payment initiation service and processes particularly sensitive financial data as an authorized payment institution. The finAPI account information service is used to retrieve and analyse account data. With explicit consent and by logging into their online banking independently via finAPI Webform, account holders can, for example, connect their checking account with the financial apps or prove their current creditworthiness to companies in this way or verify their identity online. Online payments are initiated via finAPI’s payment initiation service. Companies primarily use this service in their accounting departments and the online stores as a possible payment option via the online bank transfer for customers.
TÜV Informationstechnik GmbH (TÜViT), a TÜV NORD GROUP company, has audited finAPI’s processes for retrieving account information and initiating payments in the past few months with regard to compliance with data protection and the data security of the IT systems used. On April 27, 2022, finAPI was officially certified. “The TÜV certificate now independently confirms the high level of quality and security of finAPI’s account information and payment initiation services. Our customers can therefore be sure that their sensitive data is handled correctly“, says Dr. Martin Lacher, founder and COO of finAPI GmbH.
Information and attachment to the TÜV certificate of finAPI
The certification body of TÜV Informationstechnik GmbH certifies that finAPI GmbH fulfills all requirements of the criteria of the “Trusted Site Privacy, Version 2.1” for processes related to account information services and payment initiation services.
The requirements are listed in summary form in the annex to the certificate. This annex is part of the certificate and consists of 8 pages. You can download the TÜV certificate of finAPI GmbH of TÜViT here.