Innovation intelligence brief
Innovation intelligence brief
ndgit connects banks and insurances with digital providers and innovative fintechs. The repeatedly awarded open finance platform supports financial service providers in their greatest strategical and technological challenge. It accelerates the creation of connected offers with partners, the development of ecosystems and facilitates the future revenue potential of digitization. Thus, ndgit opens up traditional IT systems of banks, connects fintechs and digital partners via standards and implements financial offers for non-banks.
What became of it
Completed · High confidence · Last verified 2026-10-17
As catalogued
Open finance API platform (founded 2016, Munich) connecting banks and insurers with fintechs and digital partners, opening legacy IT via standards and enabling ecosystem and embedded offers.
2026 reality
ndgit.com redirects (HTTP 307) to qwist.com. Qwist GmbH (formerly finleap connect) operates an open banking/open finance platform focused on payments, e-commerce and lending, with banks, proptech, insurance and iGaming listed as further segments; its PS-Star open-finance compliance, PSD2 API and API consent-management products sit under ndgit-labelled product paths.
In November 2023 Crastorehill, a Warsaw company majority-owned by Finch Capital, acquired both NDGIT and Qwist; NDGIT no longer appears as a separate brand and its platform lives on as Qwist compliance products, with a focus on bank open-banking compliance rather than insurance ecosystems.
consolidation of two German open-banking providers under one PE-backed platform, likely for scale amid PSD2 market maturity; no source states the rationale.
insurance is a minor vertical for Qwist; ndgit's original bank/insurer ecosystem positioning has limited insurance-market relevance in 2026.
Third taxonomy
REVIEW · Verified the November 2023 acquisition of NDGIT and Qwist by Finch-majority-owned Crastorehill (CMS deal note; NDGIT Munich, founded 2016) and the redirect to qwist.com. Replaced the unverified product name 'ndgit Open Banking Suite' with the ndgit-labelled compliance products actually seen on qwist.com.
Research interpretation
Classification paths, as catalogued, connect this example to the original insurance digitalization research models.