Open Banking / Open Finance

Data Aggregators, Payment Platforms & Other Financial Intermediaries

Connect your service with multiple financial institutions (with or without the involvement of an aggregator) in full compliance with all local regulations and standards for open data exchange.

Fintechs

Connecting fintechs to financial institutions in order to exchange data requires sophisticated authorization and consent solutions.

• Simplified & Superior Customer Experience: Customers can access a broader range of financial products and services from different providers through a unified platform or app.
• Improved Security: Open Banking / Open Finance standards are more secure. This helps ensure that customers’ financial information is safe and shared only with their explicit consent.
• Transparency & Control: Customers have more transparency and control over their financial data. They can easily monitor which third-party apps have access to their information and revoke permissions if needed.
• Regulatory Compliance: Open Banking frameworks typically comply with regulatory requirements, such as GDPR (General Data Protection Regulation) in Europe. This ensures that customer data is handled lawfully and securely.