As open banking solutions become more sought-after, many companies are offering 'open banking platforms'. But without defining what this really means, it’s impossible to make a like-for-like comparison. So we made a checklist with the criteria that really matters when evaluating an open banking tech partner.
Confirm account ownership with real-time data straight from a user’s bank account, creating a quick and simple payment setup process.
Instantly verify business account ownership with data straight from banks for quick and easy merchant onboarding, payouts or direct debit setup.
Increase engagement and conversion by giving your customers a fully embedded payments experience – at a fraction of the cost.
Access up-to-date transaction data from thousands of banks across Europe – already standardised so you can extract real value and insights.
Get real-time transaction data from business accounts – straight from banks, and delivered in a standardised format.
Build smart, intuitive personal finance management applications that give your customers tools and personalised insights to better manage their money.
Optimise credit decisions and understand your customers’ true financial capacity by instantly verifying income using real-time data.
Determine spending patterns and how much is recurring on a monthly basis.
Start assessing creditworthiness with real time, up-to-date and verified data giving unique insights into spending behaviours.