Stadtsparkasse Wuppertal adopts Open-Banking solution from BANKSapi

02.12.2024

Until now, the service www.treuewelt-wuppertal.de was only accessible to customers of Stadtsparkasse Wuppertal – but this is changing. With the help of BANKSapi, users can now link accounts from external banks. This allows all residents of Wuppertal to benefit from local shopping offers and other benefits.

TreueWelt Wuppertal is already highly popular among account holders of Stadtsparkasse Wuppertal. From now on, all residents of Wuppertal and the surrounding region – regardless of whether they have a checking account with Stadtsparkasse Wuppertal – can collect loyalty points at local retailers and partners.

Unlike traditional loyalty and bonus systems, there is no need for an additional card: simply pay as usual with your card at a participating retailer or partner, and the loyalty points are credited automatically. This is enabled by a secure account linking feature in the TreueWelt app. Whenever a card payment at a participating TreueWelt partner is detected via account transactions, the points are automatically credited. These points can be redeemed for events and vouchers.

This is made possible through account linking and a smart algorithm. BANKSapi provides the extension for external bank account connections. The solution, based on PSD2 interfaces, has been in use for many years and is both technically quick to integrate into existing applications and easy for users to operate.

Artur Wöller, Head of the Competence Center Payment & Beyond Banking at Stadtsparkasse Wuppertal, described the collaboration as follows:

“BANKSapi immediately understood our goals, and we quickly moved into solution and implementation scenarios. We experience BANKSapi as a highly professional partner and are delighted to now offer TreueWelt Wuppertal to all residents of Wuppertal with the appropriate technical solutions.”

“The idea and implementation of TreueWelt Wuppertal is simply brilliant. No extra card is needed to collect points. The solution is therefore intuitive for customers. Essentially, forgetting to collect points becomes a thing of the past, as it happens automatically with the usual debit or credit card payment. It was particularly enjoyable to support Stadtsparkasse Wuppertal with the external bank account functionality,” said Co-CEO Felix Baaken enthusiastically.

About BANKSapi Technology GmbH

BANKSapi Technology GmbH is a BaFin-regulated Open-Finance provider headquartered in Munich and Kiel. The B2B company offers an API as well as front-end solutions that allow users to access their accounts, credit cards, building savings contracts, and portfolios.

Target groups such as banks, insurance companies, sales organizations, ERP and accounting providers, credit platforms, and payment providers can offer users a comprehensive financial overview, streamline processes, and develop innovations that simplify the financial lives of end customers.

The technology is hosted in a high-security data center operated by Noris Network in Germany, meeting the highest standards of data protection and IT security. BANKSapi Technology GmbH is backed by an experienced management team and the company builder Finconomy AG.