Case Study - Secured banking APIs
Ibanity is a banking and accounting API aggregator founded by Spin42 in 2016. It was acquired in 2017 by Isabel Group, Belgium’s leading B2B payment platform.
- Client
- Ibanity
- Year
- Service
- API development
Overview
Ibanity, founded in 2016 by the Spin42 team, launched as a banking and accounting API aggregator designed to simplify access to financial data for developers and companies. As PSD2 and open banking began transforming the European fintech landscape, Ibanity provided a unified REST API supporting real‑time account information, transaction history, and payment initiation across multiple banks. Built on robust standards and security practices, the platform empowered fintechs to integrate quickly and stay compliant.
In 2017, Ibanity’s growing influence and developer-friendly tools led to its acquisition by Isabel Group, Belgium’s premier B2B payment platform backed by the country’s four largest banks. This strategic move positioned Ibanity within a powerhouse fintech ecosystem, accelerating its adoption in Belgian and European markets. Under Isabel, Ibanity became a critical bridge between banks, third-party providers, and developers—enabling secure, compliant, and efficient multibanking experiences.
End of 2023, the Spin42 team has left Isabel but Ibanity continues to facilitate seamless financial API aggregation, connecting to over 1,000 banks via a single interface. Its services power innovative platforms — from accounting apps to smart banking solutions — making fintech integration faster and more reliable. With its focus on security, compliance, and developer empowerment, Ibanity remains a trusted partner in Europe’s open banking revolution.
What we did
- Web development
- API