In an age of digital transformation, SIX offers secure and convenient payment solutions for a sustainable Swiss financial center.
SIX offers smart, flexible solutions for banks issuing debit cards. Our issuing processing is precisely tailored to cardholders’ needs.
SIX Is the Go-To-Market Partner for ATM and Cash Solutions
SIX offers payments processing services between financial institutions.
Secure connection via a single, standardized platform
With bLink, SIX makes available a highly scalable platform for standardized interfaces (API, application programming interface) to financial institutions as well as to software and service providers. Platform participants connect with each other efficiently and securely. They exchange various types of financial data with each other in order to offer their customers innovative solutions in different areas and segments.
Efficiently scale innovative partnerships and new API-based business models through standardization.
to SIX instead of many proprietary interfaces between platform participants
instead of many individual agreements between platform participants
instead of many individual tests
With the Account & Payment Services you as a software or service provider on behalf of your customers can efficiently access bank account information via bLink efficiently and transmit payments automatically to the bank. Your customers can then release the order directly in their e-banking.
With the OpenWealth services, you as a software or service provider on behalf of your customers can efficiently access asset data at custodian banks via bLink, query and modify information on the client relationship (e.g. KYC) and place stock exchange orders.
Register for the bLink Portal and get direct access to all important documents such as contracting, price list, technical spezifications etc.
Thanks to our digital consent management, your customers can integrate their bank accounts into a specific software application in just a few minutes.
The underlying approval process and the subsequent management of approvals is secure and transparent.
We put together a list of general questions around Open Banking and bLink
With the bLink platform, SIX creates the basis for innovative partnerships between financial institutions and third party providers. Using bLink’s standardized interfaces (Application Programming Interfaces, APIs), they can securely connect and exchange data to offer new services to their customers. For example, the processing of account information and payment orders directly in the accounting software.
With open banking, financial institutions provide third party providers (e.g. providers of accounting solutions) with uniform interfaces for the exchange of financial data, especially customer data. The aim is to provide customers with a wide range of innovative solutions.
In Switzerland, bLink supports financial institutions and third party providers in setting up and expanding such offerings by providing uniform interfaces, a uniform set of contracts and a standardized admission test.
Two services (applications) are currently available:
An application consists of two components: on the one hand, the API, i.e. the transferred data (e.g. account information), on the other hand, the earmarking (e.g. for accounting solution).
The data exchanged via bLink is defined in the API specification in business and technical terms. This data may only be used for specific purposes. This means only for the purpose for which the end customer has given their consent.
Two applications are currently available via the bLink platform “Account information for accounting solutions and financial institutions” and “Payment submission for accounting solutions and financial institutions”.
API stands for Application Programming Interface and is a technical interface that enables data to be exchanged between two parties.
Open banking uses APIs for a simple and secure exchange of financial data, in particular customer data, between financial institutions and third party providers (e.g. of accounting solutions).
The data exchanged via the bLink platform (e.g. account information) between service providers and service users may only be used for specific purposes. This results in the application (e.g. “Account information for accounting solutions and financial institutions”).
A service user utilizes the customer data (account information or payment submissions) of a service provider on behalf of their customer. Both TPPs and financial institutions can participate as service users.
A service provider provides the service user with customer data (e.g. account information or payment submissions) via bLink.
In order to exchange customer data between a service provider (e.g. financial institution) and a service user (e.g. accounting tool), the consent of the respective customer is indispensable. This means that the customer always has full control over their data and full transparency about who receives their data and what it is used for. They can revoke their consent at any time.
If you are an interested bank or a TPP, contact the product management directly.
As soon as a service provider (e.g. a financial institution) offers bLink to its customers, end customers can activate the connection in the online banking system of the respective bank.
Registration is purely digital and takes place in three steps. The end customer logs into their e-banking system. There they determine the third party provider of their choice, to whom they wish to grant access to their accounts and/or allow payment orders to be debited from their accounts. The end customer finally logs in to their third party provider and receives an overview of their accounts linked via bLink.
The legal framework is regulated by SIX in a uniform contract with each financial institution and each third party provider. This makes costly bilateral negotiations between individual participants unnecessary.
Before participants are onboarded to the bLink platform, they go through an admission to ensure that financial data exchanged through bLink is handled with the required diligence and security. The admission is renewed annually.
The admission test consists of three parts: general test, IT security test, earmarking test.
The admission test is carried out once before participation in bLink. The recurring annual test ensures compliance with the admission criteria during operation.
The bLink platform allows participants to offer services as service providers and/or purchase services as service users. A service provider may charge the service user for their services.
SIX operates the platform and takes care for invoicing. The fees are settled in a pay-per-use model whenever possible.
In an initial phase, SIX offers participants who register for the platform as service users a discounted admission test. The promotion is valid for a limited time.
Contact the product management directly for further information.
For Q4 2020, SIX is looking for innovative pioneers who want to test this connection solution in technical terms and help shape it.
Do you want to take part? Then send an e-mail directly to the Product Management and we will be happy to contact you.
SIX operates the bLink platform and offers it to financial institutions and third party providers. In this context, SIX charges service providers and service users fees for operating the platform. The service provider is free to charge the service user a service fee for offering the interfaces. Whether and in what form the service user passes on the costs incurred for the use of the interfaces to the end customer is a decision of the service user.
SIX is welcoming yet another bank to its open finance platform bLink: St.Galler Kantonalbank.
Open banking presents banks with huge opportunities to satisfy their customers’ demand for new digital products. In opening up to third-party providers, they will need to deal with open banking. Are you ready?
What’s in it for banks? Is it just a question of technology? And is that even secure enough? Switzerland is still at the very beginning of its Open Banking journey. But by launching bLink, SIX has started to change that – and dispel a few myths.