“By providing our clients with these new features, we are enabling them to save time on the one hand and consolidate their financial data on the other, giving them a more accurate and real-time view of the health of their business,” said Victor Cunha, CEO of CSoftware. Library photo: Nader Ghavami

“By providing our clients with these new features, we are enabling them to save time on the one hand and consolidate their financial data on the other, giving them a more accurate and real-time view of the health of their business,” said Victor Cunha, CEO of CSoftware. Library photo: Nader Ghavami

The addition of Luxhub’s account information and payment initiation services will allow CSoftware to provide useful services that will benefit their end customers, said a press release published on 4 May.

Luxhub, an open banking API platform based in Luxembourg, announced in a press release on 4 May that software development company CSoftware is now “leveraging several of its account information and payment initiation services,” adding financial data aggregation and payment modules to its Functional Efficient Real-time Application (Fera) platform.

“By providing our clients with these new features, we are enabling them to save time on the one hand and consolidate their financial data on the other, giving them a more accurate and real-time view of the health of their business,” said Victor Cunha, CEO of CSoftware. “We are clearly entering the open banking era, and giving more flexible, secure as well as user-friendly solutions to our customers.”

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CSoftware’s Fera consists of a digital platform and an integrated tool for business management. It’s meant to support the growth and development of small businesses, craftsmen, independent workers and more, and can be used on the web, a smartphone or a tablet.

“By adding innovative services such as the ones provided by Luxhub, we are continuously working on improving the overall value of Fera,” said Nuno Francisco, product owner and business manager.

Fera is the first digital platform to leverage the account information and payment initiation services provided by Luxhub, noted the press release. Users can retrieve bank account details, balances and transactions, as well as initiate payments via any of the banks connected to Luxhub’s One platform.

“The combination of account aggregation and payment initiation services provides customers with frictionless experiences, supporting SMEs and any other type of customers, to facilitate their business management,” said Ramzi Dziri, head of product at Luxhub.

CPartners Group, of which CSoftware is a part, is a business promoter that works in the financial, real estate, IT and services sectors. Luxhub, an open banking API platform founded in 2018 by Spuerkeess, BGL BNP Paribas, Banque Raiffeisen and Post Luxembourg, also promotes open finance.

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