Finlands Aktia
“Can Aktia Bank modernize its payments and open banking infrastructure fast enough to retain its position as a trusted Finnish wealth-manager bank while meeting PSD2/PSD3 regulatory requirements?”
HQHelsinki, Finland
IndustryBank / Community
The story
Aktia Bank is a Finnish wealth-manager bank offering banking, asset management, and life insurance. The bank has progressively modernized its technology stack — adopting Temenos for core banking and payment processing — while outsourcing its open banking (PSD2) interface to Crosskey Banking Solutions in 2025 to prepare for PSD3. The embedded finance angle is primarily as a provider of open banking infrastructure to third-party providers, rather than an embedder of third-party fintech services.
Last 12 months
Product timeline
2019
Launched Aktia Developer Portal with open banking APIs under PSD2, establishing direct TPP connectivity.· banking
2023
Selected Temenos Payments Hub to modernize payments and support pan-European instant payments across all payment rails.· banking
2024
Expanded life insurance distribution partnership with POP banks and launched Tähtikonsepti risk life insurance concept with Pohjantähti.· banking
2025
Launched SCOR's Velogica automated underwriting platform for Aktia Life Insurance.· banking
2025
Outsourced PSD2 interface to Crosskey Banking Solutions (C°Open platform) for full open banking compliance and TPP support.· banking
Regulated entities
2
regulatory licences held by Finlands Aktia
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Finlands Aktia’s embedded-finance stack
Banking / BaaS
Aktia Bank plc (in-house)
Card issuing
in the full report
Lending
in the full report
Insurance
in the full report
Open banking
in the full report
Accounting gap: none
7 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.