MKTplace-data type: Open Banking

AccountScore

Written by Cassidy Bellville on May 26, 2024. Posted in Partners. No Comments on AccountScore

PARTNER

AccountScore
an Equifax Company

Delivering the market-leading Open Banking solution

Key Benefits

Automate onboarding journey. Our solution enables clients to automate and speed up customer onboarding, especially if traditionally your process has required manual assessment of applications or the need to review bank statements.
Increase acceptance rates. Rich and granular Open Banking insights provide a comprehensive view of an individual’s circumstances allowing you to accept applicants that may have previously been declined using traditional data.

“AccountScore has enabled us to verify our customers with confidence whilst still being a simple user experience.”

GURINDER BAINES, TECHNICAL LEAD, LEAP LENDING

Reliable, Accurate and Comprehensive Bank Transaction Data Analytics

AccountScore’s market leading analytical solution utilizes more than 22 million keywords to categorize transactions and identify insights, patterns and behavior. AccountScore enables lenders to lend more profitably whilst cutting loan processing times, completely replacing the need to collect bank statements and pay slips by substituting these with online, real-time, reliable and fully categorized transaction datasets.

Lenders can reduce bad debt and screen out any fraudulent applications whilst exceeding internal targets for processing loan applications. This ensures that relevant consumers and SMEs get the capital they need whilst ensuring clients lend with greater precision.

AccountScore’s solution enables clients across a broad range of industries to benefit from tools such as instant income verification, digital identity, credit risk indexes, affordability calculators, actionable insights, and events.

Resources

About AccountScore Services

AccountScore Products

Income Verification: Instantly verify income, including salary, employer and benefits

Affordability Assessment: Breakdown of essential and non-essential expenditure; with a configurable disposable income calculator

Vulnerability Alerts: Key risk indicators including loss / reduction of income, high gambling, and returned direct debits

IDV & Fraud Prevention: Mixing traditional bureau data and bank-level secure customer authentication and biometrics

Commercial Risk: Verify business bank accounts to assess cashflow, liability, balance and overdraft indicators and high-risk alerts
Countries Supported
- United Kingdom
- Spain
- Ireland

AperiData

Written by Cassidy Bellville on December 14, 2023. Posted in Partners. No Comments on AperiData

Partners

AperiData

Harnessing Open Banking to Revolutionize Credit Decisioning

Key Benefits

Better decisions across the lifecycle. Our data insights improve decision consistency, speed and accuracy from customer onboarding to account management. We harness the power of Open Banking to transform credit and lending processes that power instant, responsible, and ethical decisions.
Quick and easy to integrate. Use our developer-friendly APIs to integrate directly with your own platforms and customer journeys, unlocking all the efficiencies of data consistency and automation. Also available as a stand-alone product for your users.

“For marginal cases, traditional credit bureau data doesn’t provide sufficient information to make decisions. Using AperiData, around 90% are now approved because of the accuracy of their data.”

MATTHEW STEVENS, CEO, HEY CREDIT UNION

The Real Time Credit Reference Agency

AperiData is an FCA authorized Credit Reference Agency and Open Banking provider that uses banking data to provide real time risk insights.

We see a world where businesses can access comprehensive financial insights at their fingertips, where consumers have control over their financial data, and where data-driven decisions lead to better financial outcomes for everyone.

Our founding team bring over 100 years of combined experience gained in senior roles at organizations across financial services, software, and data service providers. This experience is embedded not only in our technology solutions but also in our proprietary delivery methodology, which enables us to efficiently implement the right solution for every client.

Resources

AmeriData Company and Product Overview

About AperiData

Services

Transaction Categorization: Our machine learning models help you better understand your customer’s income and spending patterns by accurately classifying incoming and outgoing transactions into specific categories. Use this data to make more informed risk decisions and help your customers understand where they’re spending to stay on top of their finances.

Affordability: A complete, accurate snapshot of your customer’s financial position in real time. Our affordability engine uses income and expenditure categorization to accurately calculate customer affordability. Harness rich insights and trends across income, expenditure, assets and liabilities. Understand your customer’s true disposable income and affordability, including detailed breakdown of any benefits received.

Credit Console®: The Credit Console® provides you with a high-impact, high-resolution view of our rich data insights, allowing users to quickly assess your customer’s financial profile. Available as an integrated or standalone solution to be deployed for your business quickly and easily.

Credit Scoring and Risk Indicators: Access our suite of risk flags and identifiers that highlight potential high-risk activities, or areas requiring further investigation.

Identity: Improve KYC and verify customer identity with each linked bank.
Regions Supported

United Kingdom

Prism

Written by Cassidy Bellville on October 5, 2023. Posted in Partners. No Comments on Prism

Partners

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Better data analytics enables better credit decisions. Prism helps clients more accurately predict credit default risk so they can increase approvals, while reducing expected losses. Leverage customer-permissioned deposit account transaction data and Prism’s powerful analytics to improve underwriting, score more customers and minimize first-party fraud.
Spot risk, before it becomes a problem. Prism’s products help companies quickly detect—and proactively respond to—changes in a consumer’s income & spending that may be indicative of risk, and surface non-obvious financial obligations (like BNPL, payday & title loans) that could impact a consumer’s ability to repay.

Prism Helps Clients Quickly Make Better Credit Decisions

Prism Data provides essential infrastructure powering the next generation of credit risk. Prism’s market-leading suite of products –including its proprietary CashScores – use advanced open banking analytics to enable financial institutions, fintechs and other businesses to derive powerful and actionable insights from consumer-permissioned bank transaction data. Prism clients can use those insights to more precisely and accurately predict credit default risk, score missing- and thin-file customers, identify first-party fraud, and better manage and service existing portfolios.

For more info, visit www.prismdata.com.

About Prism

Services
- CashScore: Assess a consumer’s credit risk using real-time financial transaction history, as opposed to credit history. Predicts 90+ DPD in 12 MoB.
- CashScore for First-Party Fraud: Assess near-term, or early-life credit and fraud risk, including first payment default, “never pay,” and first-party fraud.
- Insights: A library of enriched attributes, built from categorized transaction data, that can be used in tandem with CashScore or as distinct attributes incorporated into underwriting models.
- Income: Analyzing banking transactions to identify gross and net pay, income stability, employment, and income sources.
Regions Supported

North America

Enable Banking

Written by Cassidy Bellville on April 21, 2023. Posted in Partners. No Comments on Enable Banking

Partners

Enable Banking

Enabling the Future of Open Banking

Key Benefits

Get Access to 2600+ Banks Across Europe. With our easy-to-use connectivity engine, you will be able to quickly connect to banks’ (ASPSPs’) official APIs all over Europe, without having to worry about the complexity of supporting thousands of different integrations.
Stay Fully in Charge of Your Customers’ Data. Sending everyday letters or parcels, most people don’t spend much time considering what delivery service to use. But what about exclusive jewellery? A painting? Your customers’ financial data is amongst the most valuable packages of information they could ever trust you with. We are the safe and secure information passageway, enabling the future of financial services – without ever using your customers’ data.

“We have a great realtionship with Enable Banking and there is a high velocity in the process. They are super nice, very helpful and professional in their way of working.”

MINH-KIET VUONG, PRODUCT MANAGER AT ZERVANT

Why Enable Banking?

Our hands-off open banking API connects you to over 2,600 European banks. With us, you can fully focus on:

Your Creativity: Never worry about connectivity again. Create innovative cross-border solutions on your own terms.
Your Expansion: Expand internationally and scale your business. We’re constantly growing too!
Your Data: Your data is yours to use as you please, with complete confidence that your data provider will never tamper or use it in any way.
Your Risks: Leverage our APIs – e.g. for credit scoring purposes – in order to proactively manage credit risks.

Resources

About Enable Banking

Services
- PSD2 AIS APIs
- Banking API
- Credit Rating
- Automated Bookkeeping
- Cloud-Native Core Banking
- And More
Regions Supported
- EMEA
- EEA

Railz

Written by Cassidy Bellville on April 18, 2023. Posted in Partners. No Comments on Railz

Partners

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

Real-Time Financial Analytics at Your Fingertips. Railz offers real-time SMB financial data and analytics for informed investment decisions. With accurate data, financial institutions can assess creditworthiness and provide valuable services to SMB clients, using accurate, up-to-date data.
Transform your Financial Analysis with Streamlined Efficiency. Railz streamlines SMB financial analysis for efficient data collection, underwriting, and product launches. It saves time, reduces errors, and offers clients a seamless experience.

“Our bank partners love that we have access to real-time accounting data. That was huge in getting a credit facility.”

ZACH JOHNSON, FOUNDER & CEO AT DASH.FI

The Future of Finance Needs Access to Financial Data

Railz: Revolutionize financial services with the largest financial data network in the world.

Railz solves challenges faced by financial institutions in obtaining high-quality financial data for SMBs. We provide one access point for normalized SMB financial data, collected from multiple sources including accounting, banking, tax, and commerce. Railz offers unique features and tools including Railz Credit Score™, Railz Accounting Accuracy Score (RaaS™), cash flow forecasting, benchmarking, and real-time analytics visualization. We help FIs make fast and calculated decisions in lending, business financial management, payment reconciliation, and insurance. Railz normalization process ensures that data is organized, standardized, and up-to-date, making it easy for FIs to safely make informed decisions.

Resources

About Railz

Services
- Railz API: connects to all major accounting service providers like QuickBooks, Netsuite, Xero, Banking via Plaid, and E-Commerce such as Shopify & Square.
- Lending: optimize credit approval and monitoring process and streamline loan origination and servicing.
- Valuation and Forecasting: business valuations, cash flow forecasting.
- Railz Credit Score™: A modern business credit score
- Accounting Accuracy: Railz accounting accuracy Score (RaaS™) measures accuracy of accounting data when overlaid with banking data.
- Benchmarking: Financial ratios by market, geography, age of business
- Railz Normalization: Makes sense of messy financial data across commercial customers in real-time.
- Railz Dashboard™: Configurable dashboard that provides highlights and insights to build customized dashboards.
- Railz Visualization SDK: a collection of standardized web components to build customized financial dashboards and develop the next-gen of embedded finance products.
- E-commerce Integration: integration with Shopify and Square: Pull e-commerce data directly into your application to help reconcile and keep financial records up to date.
Regions Supported
- North America

Brankas

Written by Cassidy Bellville on March 24, 2023. Posted in Partners. No Comments on Brankas

Partners

Brankas

Brankas – Leading Open Finance Technology Leader

Key Benefits

Instant Multi-Bank Integrations with Brankas Data APIs. Let users connect their bank account to your platform, giving them faster access to their data and a better experience.
Capture Data Intelligently and Interpret it Faster. With quicker access to reliable data, you can personalize your customer’s experience depending on their wants and needs.

“Our partnership with Brankas allows us to help clinics in Indonesia finally move into a digital future that can make healthcare easier and more available for everyone. We are excited for the future of healthcare.”

OGY WINENRIANDHIKA, CO-FOUNDER & CEO AT KLINIKGO

Brankas – Leading Open Finance Technology Leader

Brankas helps businesses unlock modern financial services with market-leading technology. We have the largest network of bank APIs in Southeast Asia. We are also the only company invested in both API aggregation, which helps online businesses connect digitally to banks, as well as financial and payment infrastructure, which help banks and financial institutions monetize their banking platforms.

Resources

Visa Card Data Product

About Brankas

Services

Account Opening

Open Core

Open Finance Suite

Merchant Link

Brankas Direct

Brankas Disburse

Brankas Bank Data
Profiles and Scores

Life-centric profile

Financial health profile

Life-centric credit score

Other risk scores
Custom Solutions

Score card development

Model development

Design AI strategies and roadmaps for and with boards and management

Education and training on AI for co-workers
Countries/Regions Supported

Indonesia

Philippines

Vietnam

Thailand

Malaysia

Bangladesh

EMEA

Monto

Written by Cassidy Bellville on March 10, 2023. Posted in Partners. No Comments on Monto

Partners

Monto

SME Lending Powered by Real-Time Financial Data

Key Benefits

Better data. Better credit decisions. Monto’s API provides a detailed, real-time view of SME business performance. We collect, standardize and visualize data from leading accounting providers to help lenders make faster and more accurate credit decisions.
Enhance your processes while improving the user experience. With Monto, lenders can easily authenticate borrowers and start working with high-quality data. Depending on your specific needs, our connectivity can make everything from data collection and onboarding to loan underwriting more efficient.

“The process of sharing financials is very easy with Monto. Our applicants can grant access to their accounting software in seconds.”

FLOAT LENDING

Your Single Access Point to SME Financial Data

Monto is a Stockholm-based fintech that helps Nordic SME lenders harness the power of real-time data. We combine smart tech and deep industry know-how to help fintechs, banks, lending brokers and BaaS platforms make better credit decisions, streamline processes and improve the customer experience.

With Monto, lenders no longer have to rely on manual, dated or mediocre data sources in their credit reviews. Our API unlocks instant access to up-to-date income statements, ledger quality, financial ratios, and more, fetched from leading accounting software providers in Sweden. We also provide a visual interface that allows credit teams to gain a comprehensive financial understanding of their connected borrowers.

Our platform is tech agnostic and available for a free trial.

Resources

About Monto

Services

Monto API. Seamless API connections to accounting software makes access to real-time financial data smooth, safe, and tailored to credit teams’ needs. Get full details on everything from rolling income statements to ROI and profit margins.

Standardized data. We categorize and standardize relevant financial data, allowing your team to access high-quality information and make better credit assessments. This helps you eliminate tedious and time-consuming manual data collection.

Visual interface. Get a comprehensive view of your customers’ financial situation in a single interface to enhance your credit decisions. We cover many of the key metrics and KPIs that drive a customer’s financial performance.

Easy onboarding. Monto’s pre-built authentication flow enables you to onboard new and existing customers in seconds. Your SME customers simply have to grant access to their financial data, and connect to their accounting provider.

Extensive coverage. Monto’s accounting integrations cover an estimated 95% of the SMEs in Sweden that use cloud-based accounting. Our future roadmap includes the other Nordic countries.
Countries Supported
- Sweden
- Norway

Nova Credit

Written by Cassidy Bellville on January 27, 2023. Posted in Partners. No Comments on Nova Credit

Partners

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Unlock new markets and optimize funnel conversion. Access trusted financial data to open new consumer segments, offer new products, and create loyal customers for life — all while maintaining your risk profile. Minimize your acquisition costs by optimizing your funnel conversion rate. Consumer-permissioned data gives you the confidence to approve more of the people that you’ve already attracted to your product offering.
Reduce portfolio risk and automate income verification. Respond to uncertain economic conditions and develop loss avoidance strategies by improving your risk assessment with up-to-date credit risk information. Automate your income verification processes with Cash Atlas™ and reduce time to fund. This solution helps increase applicant conversion rates, reduce manual intervention to review document uploads, and improve visibility into debt-to-income ratio and true income.

“We’re removing a barrier for millions of newcomers to the U.S. who arrive and instantly lose access to the credit history they built elsewhere.”

ATUL RANJAN, VICE PRESIDENT OF NEW ACCOUNT UNDERWRITING AT AMERICAN EXPRESS

Building a Fair and Inclusive Financial System for the World

Nova Credit is a consumer-permissioned credit bureau that helps businesses make more fair and informed decisions on millions of ‘thin file’, no credit history, or new-to-country applicants. The Credit Passport® unlocks cross-border credit bureau data to help businesses underwrite new-to-country newcomer populations. The Cash Atlas™ provides greater insight into the cash flows of any applicant, including verifying their income with greater precision than alternatives. Businesses use these products to approve more applicants without taking on more risk, and consumers are empowered to put their best foot forward in their applications.

Resources

About Nova Credit Services

About Nova Credit

Services

Credit Passport®: The only way to help approve qualified immigrants for mainstream credit. Credit Passport® gives businesses the ability to assess the creditworthiness of U.S. newcomers to issue financial products like credit cards, loans, phone plans, and more. Our solution provides access to international credit data that’s translated in real time to a standardized credit report.

Cash Atlas™: Improve credit risk assessment using bank transaction data. Cash Atlas™ helps businesses improve risk prediction for thick-file consumers and expand credit access to thin-file and no-file consumers. Leverage consumer-permissioned bank transaction data to layer affordability on top of existing underwriting models.
Regions Supported

Global

Basiq

Written by Cassidy Bellville on January 26, 2023. Posted in Partners. No Comments on Basiq

Partners

Basiq

Unlock the Future of Open Finance

Key Benefits

Accelerate access to Open Banking. Basiq has been helping organizations access and use financial data since 2017. Basiq helps organizations determine a suitable CDR access model and provides a platform with all of the tools to consume Open Banking data in a CDR compliant way.
Data and payments in a single platform. Securely access powerful data insights and execute payments via a single platform. The addition of financial data to payments provides essential information about a consumer’s financial situation, opening doors to a whole new world of solutions to make finance easier.

“Open Banking helps us to harness an even better customer experience and great data insights for
smarter and more responsible lending. With scraping inconsistencies, our focus is on future proofing our business to ensure we can always service our customers in a reliable and secure way.”

BISHARA HATOUM, FOUNDER & CEO AT FUNDO

Basiq, the Leading Open Finance API Platform

At Basiq, our vision is Making Finance Easy. Finance is complex and it can be hard for consumers to make informed financial decisions. We see a world where consumers are empowered to make smarter financial decisions and to engage with their finances in new and unique ways.

Basiq enables this by providing an Open Finance API platform for businesses to build innovative financial solutions. Our partners include some of the fastest-growing fintechs and banks in the region. As the building blocks of financial services, the platform facilitates the relationship between fintechs and consumers by enabling access to consented financial data from 130+ financial institutions and executing payments.

Backed by Reinventure, NAB Ventures, Plaid, Touch Ventures, Salesforce Ventures, and Visa, over 200 fintechs rely on the Basiq platform to deliver solutions to market.

Resources

About Basiq

Services

Connect – Access account and transaction data in real-time

Enrich – Enhance transactions with merchant data

Affordability – Gain deep insight of your customer’s finances

Payments – Execute payments through the Basiq platform

CDR Open Banking – Acquire and use Open Banking data in a CDR compliant way
Countries Supported

Australia

New Zealand

Mastercard

Written by Cassidy Bellville on December 9, 2022. Posted in Partners. No Comments on Mastercard

Partners

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Better Data. Better Connections. Whether you’re seeking data from one of the largest financial institutions or the smallest credit union, Mastercard has you covered. Our connections cover 95% of all deposit accounts in the U.S.
Tomorrow’s Payments Begin with Mastercard Open Banking Data. We power apps and services with open banking data to underwrite and lend smarter, simplify and derisk payments, open and fund accounts and drive SME innovation. Scale quickly and create unique financial experiences with Mastercard.

“Mastercard’s open banking platform takes care of bank connections and allows us to focus on our mission of building the credit card of tomorrow.”

ALTERNATIVE CREDIT FINTECH

Trusted Data for Fintech Lending and Payments Innovation

Mastercard is a global technology company for lending, payments and account opening. We enhance access to capital by providing digital verification of income, assets and employment. Through our open banking platform, we drive an inclusive, digital economy that benefits everyone everywhere. We make transactions safe, simple, smart and accessible, reducing risk in payments through account owner verification, balance check and routing optimization. Mastercard’s consumer-permissioned data powers innovation with connections to the top FIs, wealth management, student loan and payroll providers. We partner with innovative financial institutions, lenders and fintech providers to give consumers and small businesses a leg up in a complicated financial world, helping to improve financial literacy, expand financial inclusion and ultimately lead to better financial outcomes.

Resources

About Mastercard

Services

Open Banking Data for Lending (card, mortgage, auto, personal, small business, tenant screening).

Open Banking Data for Payment Enablement (account verification, account-to-account payments, peer-to-peer payments, Buy Now, Pay Later).

Account Opening (account funding, identity, privacy).

Open Banking Data for Small Business (lending, payments and accounting/expense management).
Regions Supported

North America

MKTplace-data type: Open Banking

PARTNER

AccountScorean Equifax Company

Delivering the market-leading Open Banking solution

Key Benefits

Reliable, Accurate and Comprehensive Bank Transaction Data Analytics

Resources

About AccountScore Services

AccountScore Products

Countries Supported

AperiData

Harnessing Open Banking to Revolutionize Credit Decisioning

Key Benefits

The Real Time Credit Reference Agency

Resources

About AperiData

Services

Regions Supported

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Prism Helps Clients Quickly Make Better Credit Decisions

About Prism

Services

Regions Supported

Enable Banking

Enabling the Future of Open Banking

Key Benefits

Why Enable Banking?

Resources

About Enable Banking

Services

Regions Supported

Railz

The Railz API: Building a Future of Data-Powered Finance

Key Benefits

The Future of Finance Needs Access to Financial Data

Resources

About Railz

Services

Regions Supported

Brankas

Brankas – Leading Open Finance Technology Leader

Key Benefits

Brankas – Leading Open Finance Technology Leader

Resources

About Brankas

Services

Profiles and Scores

Custom Solutions

Countries/Regions Supported

Monto

SME Lending Powered by Real-Time Financial Data

Key Benefits

Your Single Access Point to SME Financial Data

Resources

About Monto

Services

Countries Supported

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Building a Fair and Inclusive Financial System for the World

Resources

About Nova Credit

Services

Regions Supported

Basiq

Unlock the Future of Open Finance

Key Benefits

Basiq, the Leading Open Finance API Platform

Resources

About Basiq

Services

Countries Supported

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Trusted Data for Fintech Lending and Payments Innovation

Resources

AccountScore
an Equifax Company