Ramp got open banking license!

Ramp can now connect with APIs of thousands of financial institutions across European Union thanks to PSD2 license.

Szymon Sypniewicz
2 min readFeb 3, 2020


Ramp, a Warsaw-based start-up, is the first crypto company to receive an Open Banking License in Europe after being authorised today by The Polish Financial Supervision Authority (“KNF”). This will allow for faster, simpler and cheaper processing of crypto transactions in the entire European Union.

After a 13 month registration process, Ramp is now a fully licensed Account Information Service Provider (“AISP”). This means that we are able to access banking data on behalf of the bank account’s owner in all banks across the European Union. All banks are required to give Ramp access to the payment data of their consenting users. By connecting to bank APIs directly, Ramp makes it possible to settle transactions based on API connections with banks.

Ramp operates as a peer-to-peer marketplace where liquidity pool owners (sellers of cryptocurrency) provide liquidity to end-users (the buyers of cryptocurrency). We’ve already introduced two key elements of this system: Ramp Instant and Ramp Pools. Transactions between individual users are settled using open banking APIs.

Ramp is available today in the United Kingdom and will soon cover the entire eurozone. You can try it today and see how access to banks’ APIs enable an entirely new, better crypto onboarding experience.

Creating a fabric connecting permissioned, closed banking layers with open networks is pivotal for web3 and DeFi adoption in the long run. Obtaining Account Information Service Provider registration is another step on our way to connect legacy finance systems with open distributed protocols. You can read an in-depth post about our progress and vision here.

We invite you to comment and discuss our latest developments here or at our Discord channel. You can also connect with us at our social media or directly at hello@ramp.network. You can use and integrate our solutions right now. Learn more about Ramp Instant and Ramp Pools.