MKTplace-data type: Open Banking

Monto

Written by Amy Sariego on 10 Mar, 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

Monto – Better Decisions, Powered by Better Data

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 Amy Sariego on 27 Jan, 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 Amy Sariego on 26 Jan, 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 Amy Sariego on 9 Dec, 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

Think360.ai

Written by Amy Sariego on 6 Dec, 2022. Posted in Partners. No Comments on Think360.ai

Partners

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Algo360: Alternate Data and AI-Powered Credit Scores. Algo360 is India’s largest AI-driven alternate credit score solution that provides lenders with 1000+ alternate data points to gauge the creditworthiness of individuals. Algo360 enables financial institutions to extend credit offerings to the underserved population.
Kwik.ID: Digitally Onboard Your Customers, Kwikly. Kwik.ID is an AI-backed customer onboarding and video KYC solution. It provides secure, compliant, and customizable digital onboarding. Kwik.ID has onboarded over 300,000+ remote customers with an NPS of 95+.
AAmaze: Enabling the Account Aggregator Ecosystem. AAmaze is a TSP licensee enabling the AA ecosystem, with a bank statement analyzer and personal finance solution. AAmaze’s AI-powered platform deep-dives into the rich open data framework, to support cash flow-based lending, custom savings, and money management solutions for customers (even those with no prior credit history), including both MSMEs and individuals.

“Think360.ai has helped us unlock the power of alternate data and design a seamless customer journey. We’re able to underwrite a lot better now compared to using only traditional forms of data like bureau reports. As a result, we have been able to expand our customer base and lend to new to credit borrowers with confidence.”
ABHISHEK UPADHYAY, NAVI

Think360.ai – Full-Stack Data Science and AI Firm

Think360.ai is a full-stack data science and AI firm with market-leading products, solutions and advisory services, founded in 2014.

Their offerings include Algo360 (India’s largest alternate credit score), Kwik.ID (best-in-class video KYC and customer onboarding solution), FlowXpert (low-code partner management and API management solution), and a modular modern underwriting stack (with advanced AI/ML risk modeling, multi-data parser, credit policy design, Business Rule Management System, and Risk-based pricing solutions). Think360 has been a bootstrapped, profitable, and high CAGR organization since its inception, and has worked with industry giants like Bank of Baroda, Bajaj Finance, Aditya Birla Finance, IDFC First Bank, Navi Technologies, BharatPe, RBLamong others.

Think360 is on a mission to “Accelerate Intelligent Transformation” through “Ideas powered by data.”

Resources

About Think360.ai

Services
- Algo360
- Kwik.ID
- AAmaze
Countries Supported
- India

Flinks

Written by Amy Sariego on 22 Oct, 2022. Posted in Partners. No Comments on Flinks

Partners

Flinks

The Financial Data Layer of the Internet

Key Benefits

Streamline data collection with open banking. Let users connect their financial accounts, gain instant access to retail, business banking and investment data. Flinks possesses industry-leading coverage of financial institutions in the U.S. and Canada, from KYC to transactional data or assets.
Improve underwriting with model-ready insights. Choose from over 1,800 attributes that provide enriched data output via our library, offering your business tailored and ready-to-use data in the form of trends, ratios, and predictive insights.

“It’s all about understanding our customers – and Flinks provides the best insight into customer behavior that exists.”
TYLER THIELMANN, VP OF CONSUMER LENDING AT SPRING FINANCIAL

The Easiest Way to Leverage Financial Data

Flinks is the easiest and most efficient way to use financial data. Our open banking API and no-code platform let you connect accounts, enrich data, and utilize it to power your products. Trusted by millions of individuals accessing financial services at world-class companies and serving innovators in lending, fintech, digital banking, asset management and insurance, Flinks is quickly becoming a global leader in financial data connectivity and analytics.

Resources

About Flinks

Services
Connectivity: Industry-leading open banking API for reliable financial data connectivity – over 11.000 bank connections, with incomparable reliability across retail and investment banking.
Enrich: No matter where you get your financial data, Flinks Enrichment is the smart analytics layer on top of your raw financial data that does the heavy lifting for you. Over 2000 attributes helping making your model stronger, more accurate.
Countries Supported
- Canada
- United States

Preventor

Written by Amy Sariego on 5 Oct, 2022. Posted in Partners. No Comments on Preventor

Partners

Preventor

Digital Identity Verification, MFA, KYC and AML Platform

Key Benefits

Protect your business from digital fraud and identity theft. Streamline your digital customer’s journey in a simple, fast and fraud-free process, while growing your business without frontiers. With a single implementation AI-powered platform, we identify, onboard, screen and monitor your clients and their transactions.
A holistic approach. Preventor integrates all the tools you need for digital financial crime risk management into one: Verify (ID, age, PII data and more), Onboard (any client, any location and any service), Monitor (AML, KYC, KYB and more), Prevent (synthetic, payments and identity fraud).

Self-Service Digital Identity and Fraud Prevention Platform

Preventor is a self-service digital identity and fraud prevention platform that protects businesses from fraud and identity theft.

Our platform makes it easy to identify and prevent financial crime before it happens, using any device or location. We support 10,340 ID documents and templates, in 138+ languages, with an effectivity rate of 99%.

Preventor was created with you in mind – the business owner who wants to ensure the safety of their company and customers. We know that fraud prevention is not a one-size-fits-all solution, so we offer a variety of options for you to choose from. Whether you’re just starting out or have been in business for years, Preventor has a solution that will meet your needs.

We provide an easy-to-use API and to offer a suite of features, including our three main solutions: digital, AML, and compliance.

Resources

About Preventor

Services
Digital Solutions: onboard clients with a superior experience and peace of mind. Ensure that your customer is who they claim to be and prevent unwanted access to their accounts.
AML Solutions: protect your business against fraud and comply with regulatory mandates, including screening against sanctions lists and conducting customer due diligence.
Compliance Solutions: obtain a complete picture of who your client really is and establish a clear communication flow in your organization with our client-centered platform.
Regions Supported
Global

Belvo

Written by Amy Sariego on 23 Sep, 2022. Posted in Partners. No Comments on Belvo

Partners

Belvo

The Leading Open Finance API Platform in Latin America

Key Benefits

Best-in-class Open Finance data aggregation and enrichment. Belvo provides the most far-reaching and robust financial API in the Latin American market, connecting and enriching data from +90% of bank accounts in the region as well as tax authorities, and gig economy companies.
Enterprise-grade security and compliance standards for Open Finance. Belvo uses state-of-the-art protocols and follows regulatory best practices to protect the security and privacy of their customers and was the first Open Finance API platform in Latin America to obtain an ISO 27001 certification.

“Thanks to Belvo, we were able to reduce Facio’s credit risk by 50%. We see Belvo as a partner for all open banking possibilities.”
SAULO TRISTAO, CEO AT FACIO

Unlock the Power of Open Finance in Latin America

Belvo is the leading Open Finance API platform in Latin America. The company enables innovative financial institutions and fintechs to access and interpret their users’ financial data to create more modern, efficient, and inclusive products. Belvo’s API currently provides connections with over 60 financial institutions in Mexico, Brazil, and Colombia and the firm already works with more than 150 clients, including some of the region’s fastest-growing leading financial companies across all verticals such as financial institutions, neobanks, credit providers, and personal finance management tools. These companies use Belvo’s Open Finance technology and platform to build reliable and secure connections with their end-users financial data, as well as interpret and enrich this information thanks to state-of-the-art machine learning models and advanced analytics to launch innovative financial services.

Resources

About Belvo

Services
Banking data aggregation API
Fiscal data aggregation API
Gig economy data aggregation API
Investments data aggregation API
Receivables data aggregation API
Regulated Open Finance aggregation API
Income verification API
Recurrent expenses API
Risk Insights API
Transaction categorization API
Countries Supported
Brazil
Mexico
Colombia

Codat

Written by Amy Sariego on 9 Sep, 2022. Posted in Partners. No Comments on Codat

Partners

Codat

Make Faster, More Accurate SMB Credit Decisions

Key Benefits

Get smarter insights and a 360° view of your small business customers’ financial health. Assess enriches your customers’ real-time accounting, commerce, and banking data and surfaces intelligent insights you didn’t have before. Assess enriches your SMB customers’ data and produces actionable insights to help you underwrite better.
Say yes and launch new products faster. Simple and quick data sharing for business customers. SMB data in the right format, ready to be plugged into credit models. Access to real-time data with the ratios and metrics you need to launch new products faster.

“Accounting data is a critical part in making the best investment decisions for Clearco’s customers. Codat’s API allows us to quickly assess accuracy and risk while at the same time maintain our streamlined application process.”
BEN BRIDEAUX, DIRECTOR OF OPERATIONS AT CLEARCO

Codat is the Universal API for Small Business Data

Codat helps banks build deeper connections with business customers.

We offer products that make it easy to access, synchronize, and interpret data from customers’ financial software for specific use cases, such as onboarding suppliers to commercial card programs and underwriting business loans.

Codat is used by the largest banks in the world to grow share of wallet, reduce churn & scale their operations. We are backed by leading investors including JP Morgan, Canapi Ventures, Shopify, Plaid, Tiger Global, PayPal Ventures, Index Ventures, and American Express Ventures.

Resources

About Codat

Standardized Integrations
Accounting API – Connect to your SMB customers’ accounting data
Commerce API – Connect to your SMB customers’ commerce data
Open Banking API – Connect to your SMB customers’ banking data
Automate Reconciliation
Sync for Commerce – Embedded accounting integrations for PoS and eCommerce platforms
Sync for Expenses – Embedded accounting integrations for corporate card providers
Regions Supported
Global

Finvu

Written by Amy Sariego on 8 Sep, 2022. Posted in Partners. No Comments on Finvu

Partners

Finvu

Finvu – RBI Licensed Account Aggregator for Consent-Based Sharing of Financial Information

Key Benefits

Now build financial service journeys instantly with easy onboarding. Finvu Account Aggregator is an RBI licensed NBFC Account Aggregator in India. We provide the platform that enables secure sharing of trusted data between financial institutions. API enabled secure and instant access to financial information based on customer consent.
Reduce customer drop-outs by 50% and prevent fraudulent information. Get customer financial information from multiple banks, investments, insurance, etc. instantly and securely with customer consent. Reduce your drop-outs by 50% as customers can securely share their bank statements and other asset information for loans and investment advisory. Prevents fraudulent information from being shared as the information is sourced directly from the banks and financial institutions.

APIs to Access Customer Financial Information Instantly and Securely

Use account aggregation to get access to customer financial data and provide personalized experiences for your customers. The account aggregator APIs are offered as a service and are easy to integrate.

Get periodic access to customer financial data with a single consent request. Multiple consent requests are not required as the consent architecture is flexible and allows for periodic access to data with a single consent.

About Finvu

Services
Account Aggregator services – Finvu Account aggregator service is an operational and RBI licensed AA having processed over 1M consent requests.
Onboarding solution for AA ecosystem partners (FIP, FIU) – Middleware component that helps Financial Information Providers, Financial Information Users such as Banks, NBFCs, SEBI Registered Investment advisors to onboard the ecosystem quickly.
Data analysis for bank statements – Bank statement analysis for various use cases such as lending, insurance, fraud control unit and other credit underwriting indicators.
Countries Supported
- India

MKTplace-data type: Open Banking

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

About Mastercard

Services

Regions Supported

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Think360.ai – Full-Stack Data Science and AI Firm

Resources

About Think360.ai

Services

Countries Supported

Flinks

The Financial Data Layer of the Internet

Key Benefits

The Easiest Way to Leverage Financial Data

Resources

About Flinks

Services

Countries Supported

Preventor

Digital Identity Verification, MFA, KYC and AML Platform

Key Benefits

Self-Service Digital Identity and Fraud Prevention Platform

Resources

About Preventor

Services

Regions Supported

Belvo

The Leading Open Finance API Platform in Latin America

Key Benefits

Unlock the Power of Open Finance in Latin America

Resources

About Belvo

Services

Countries Supported

Codat

Make Faster, More Accurate SMB Credit Decisions

Key Benefits

Codat is the Universal API for Small Business Data

Resources

About Codat

Standardized Integrations

Automate Reconciliation

Regions Supported

Finvu

Finvu – RBI Licensed Account Aggregator for Consent-Based Sharing of Financial Information

Key Benefits

APIs to Access Customer Financial Information Instantly and Securely

About Finvu

Services