Adyen partners with Fiskil to streamline merchant onboarding

Adyen has selected Fiskil as its data-sharing partner in Australia to improve onboarding and account verification for merchants.

The partnership aims to simplify how businesses integrate their financial data during the onboarding process by using Fiskil's Banking API. This technology will enable Adyen to provide a faster and more streamlined onboarding experience to merchants, removing unnecessary delays and focusing on both convenience and security.

By utilising real-time financial data through Fiskil's infrastructure, Adyen expects to reduce friction for businesses registering on its platform. The new approach is intended to allow companies to start utilising Adyen's services without hesitation concerning the speed and reliability of the onboarding procedure.

Adyen processes payments for brands such as Spotify, eBay, and Uber, and has stated that its values around innovation and financial inclusion align with Fiskil's vision for robust data-sharing approaches that foster agility and trust in business operations.

The collaboration also opens possibilities for future use of open banking data beyond the initial onboarding and verification steps. Additional applications that may be explored with Fiskil's API include credit risk assessment and transaction intelligence, which could facilitate Adyen's creation of new financial products and services for its merchant base.

Adyen's decision to strengthen its data infrastructure comes amid significant changes in Australia's open banking sector. Following the federal government's reset of the Consumer Data Right (CDR) and the upcoming inclusion of non-bank lenders in 2025, more possibilities are emerging for data-driven financial services in the country. The deal between Adyen and Fiskil highlights growing confidence in Australia's regulatory environment and local data-sharing infrastructure capabilities.

For Fiskil, the collaboration marks a notable achievement in its ambition to deliver secure and scalable financial data access. Fiskil's Banking API has been developed to comply with evolving regulatory requirements and is designed to support real-time data sharing with minimal operational burden for its clients.

By integrating Fiskil's capabilities into its suite of open banking tools, Adyen aims to offer merchants a quicker start and the potential for extended financial services, such as automated compliance processes and advanced decision-making support for lending. The partnership is also regarded as an example of how open banking is moving beyond its regulatory origins to become a provider of business advantages.

Blanca Ferrero, Global Head of Open Banking at Adyen, said, "Open banking is transforming the way businesses access and leverage financial data, enabling smarter, more efficient decision-making. Partnering with Fiskil allows us to expand our open banking capabilities in Australia, delivering seamless and scalable solutions for account verification, onboarding, and beyond."

"Their expertise in secure data connectivity ensures that we can continue to innovate while maintaining the highest standards of compliance and user experience. As we grow our global reach, this collaboration is key to unlocking new opportunities for merchants and businesses alike."

Jacob Parker, Chief Executive Officer and Founder of Fiskil, commented, "Adyen's decision to partner with Fiskil is a strong validation of the infrastructure we've built to support secure, real-time access to financial data at scale. Their global reputation for innovation and operational excellence sets a high bar, and we're proud to help enable their open banking strategy in Australia."

"This collaboration reflects the broader shift we're seeing in the market, where access to high-quality, consented data is becoming essential to delivering seamless, intelligent customer experiences. The Fiskil team are excited to support Adyen as they lead the way in reimagining onboarding, verification, and beyond."