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Aritma Open Finance Platform
Aritma´s Open Finance Platform is a comprehensive API-hub for businesses seeking to develop and commercialize their own technology.
This provides you and your company the necessary tools and resources you need to innovate, simplify the development process and shorten your time-to-market.
Your systems
ERP
Payroll system
Other expert systems
Any file
format
ISO 20022
Open banking API
Your banks
Connect to all banks with one single API
Approve and review payments outside of the bank interface
Decrease your time-to-market
Ensure a secure and compliant exchange of banking data in real time
If you have a project where ERP connectivity is important, we would love to hear from you.
Leverage our Open Finance Platform to create scalable, whitelabeled solutions. Ideal for accounting systems, ERP, and fintech companies.
Empower your business with our APIs to significantly reduce your time-to-market and enhance your scalability.
Our Webhook functionality ensures you receive instant updates on crucial events, enabling you to respond swiftly and efficiently to notifications from your integrations, and reducing the need for continuous system monitoring.
At Aritma, our love for developers is matched by our dedication to crafting a user-friendly and efficient API.
Gain access to the most complete platform to access corporate bank data in the Nordics. Our easy to use, well documented API-library gives you unrivaled functionality, both in automating and standardizing business critical financial processes, but also brings quality of life functionality to you, your team and your users.
Easily connect with any bank in the Nordic region, allowing you to automate and optimize financial operations, whether they're your own or those of your valued customers.
Our platform goes beyond PSD2 standards, offering automated payment reconciliation and supports all transaction types, including payroll and SEPA, for streamlined financial operations.
Effortlessly streamline your financial workflow by gaining the ability to directly approve all of the company's payments, eliminating the need to navigate through online banking platforms.
Our APIs offer comprehensive bank account insights, including balances, detailed transactions, and specialized statements for reconciliation, business intelligence, and cash management.
Webhooks offer quicker event notifications for your app, reducing the need for constant checks and enhancing user responsiveness.r sit amet, consectetur adipiscing elit.
Aritma's platform operates independently from any specific bank, ERP, or expert system. If any of these systems are swapped or upgraded, Aritma seamlessly adapts to the changes.
Curious about how our products work in practice? Get a free demo where one of our specialists guides you through the desired product and answers any questions you may have.
We are happy to show you how our products make your workflow more efficient.
Aritma Pay is the ideal solution for businesses seeking a seamless transition from Telepay to the new ISO 20022 XML-standard.
It allows for easy conversion between Telepay and ISO 20022 without the need to upgrade existing payment systems, ensuring a smooth and straightforward switch for businesses.
Beyond converting from Telepay to ISO 20022, Aritma Pay also offers standardized bank integration and automated accounting by streamlining manual payment processing routines.
Telepay is a standard file format for remittance (transfer of payment information) between, for example, accounting systems and banks. The file format is a Norwegian standard that can be used for both domestic and international payments.
Developed in the late 1980s, Telepay has historically been Norway’s most widespread payment format. With the adoption of ISO 20022 as the new standard, the management of Telepay by banks and Bits has ceased, leading to its discontinuation on various dates by different banks.
Norwegian banks have set an end-date for Telepay:
DNB: March 31, 2024
SEB: June 1, 2024
Nordea: June 30, 2024
Sparebank 1: October 1, 2024
Many large companies still use Telepay, especially those with on-premise ERP systems or specialized systems supporting payment processing. These systems can be challenging to maintain and upgrade.
If you don't yet have a plan for transitioning to ISO20022, time is of the essence.
Open Finance extends the concept of Open Banking by providing customers with accessto their financial data across various services and platforms. This includes fintech apps for investment, retirement, and savings, as well as accountingsystems.
Aritma's Open Finance Platform connects ERPsystems, banks, and Payment Service Providers (PSPs) for businesses. This integration enables seamless data exchange between financial systems, allowing businesses to automate transactions, streamline payment reconciliation, and enhance overall financial management across all platforms.
With Aritma Open Finance Platform, you can build features based on standardised bank data, payments, and event driven workflows, designed to reduce time to market and simplify scaling.
Our Embedded Partners use the platform to build finance features that sit directly inside their own product.
Typical use cases include:
And this is only the start. New use cases keep emerging as teams combine banking, accounting, and event driven workflows in new ways. If you have an idea for how to use the platform, get in touch and we will explore how it can support your business.
The Banking API is built for Nordic coverage and is live in Norway, Sweden, Denmark, and Finland, with broad support across Nordic banks, and some European banks.
See all our integrations here.
If you can’t find what you’re looking for - give us a heads up, and maybe we can build the integration for you.
PSD2 covers the basics, such as live balances, historical transactions, and single payment initiation.
Aritma goes further with broader account coverage, richer receivables data, native credit notes support, more advanced payment flows, real time events, and infrastructure built for business critical workflows.
With Aritma, you can support all account types, receivables with full specifications, credit notes, bulk payments, cross bank approval in a single SCA flow, multi company payment approval, custom payment bundling rules, consolidated statement lines, webhooks, and a service availability guarantee.
In short, PSD2 gives you baseline open banking functionality. Aritma adds the capabilities teams need to build real business products and workflows.
Yes. Through the Embedded Partner model, you can create scalable, whitelabeled solutions built on the Aritma Open Finance Platform.
Get more information about our partner network, and how to here.
A Banking API is an application programming interface that lets software connect to banking services, such as retrieving account information, balances, transactions, and initiating payments.
With Aritma's Open Finance Platform, you can use the Banking API to seamlessly integrate banking services into your applications. This provides easy access to financial data and functions, enhancing both efficiency and user experience. You can view a comprehensive list of bank integrations on our website here.
An Events API lets your system subscribe to real time notifications when something changes, instead of constantly polling for updates.
On Aritma’s platform, the Events API is used for event driven integrations and webhooks, helping apps react faster to changes in bank and finance workflows.
See more information in Aritma Developer Portal.
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