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FintechX Open Banking & Open Finance API Platform

by FintechX Technologies PLC

Open Banking & Open Finance platform to build an API ecosystem, monetize and comply with regulations


FintechX Build Open Banking & Open Finance API Platform
The FintechX Build Open Banking & Open Finance API Platform allows financial institutions to not only fully comply with regional Open Banking regulations, but to publish and monetize Open Finance APIs and build a partnership ecosystem to enable and monetize the growing number of embedded finance use cases as well.

Open Banking Compliance
  • Financial institutions can quickly achieve local regulatory API compliance like Open Banking UK, Berlin Group PSD2 and other Open Banking standards supported through an underlying common Open Finance Data Model
  • Strong Customer Authentication scenarios are supported in redirect, decoupled and embedded authentication modes as well
  • Strong Customer Authentication exception rules are fully configurable, even with Transaction Risk Analysis integration
  • Partner Certificate and Trust Management through validation using regional trust service providers like eIDAS and UK OBIE
  • Consent Revocation supported for end users and FI administrators through an Open Finance Consent Dashboard
  • Complete audit trail of all partner communications including payments
  • API Catalog, API Documentations and production-like Test APIs complete with mock data and functionality are supported through a white-label Sandbox Portal

Open Finance
The platform allows for flexible extension of Open Banking APIs beyond compliance. Open Finance APIs are supporting multiple revenue-generating options to handle the challenges of Open Banking for a Banking-as-a-Service strategy based on API subscriptions.
Open Finance APIs:
- eKYC, Onboarding, Identification
- Loan Origination, Credit Scoring

Rapid and Secure Partner Onboarding
  • Third party collaboration with external partners like aggregators, merchants, and other software providers is enabled through Onboarding APIs and a Developer Portal, complete with API pricing information
  • Documentations, API Explorer, SDKs, Demo Apps to help partner integration for embedded finance use cases

About FintechX

We, at FintechX, believe in making finances simple for people, with seamless experiences built on open ecosystems, by harnessing the full power of Open Banking and Open Finance. Therefore we are helping our clients, from banks aiming to go on the digital offensive, to new Open Banking entrants with existing user bases such as telcos, retailers, insurance and utility companies, to offer best-in-class fintech experiences 10 times faster, to any user, regardless where they have their bank accounts.

At a glance

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