USE CASE

Monetise the Open Banking opportunity

Through its many forms, scope, stage of development and level of regulation, the increased global adoption of Open Banking is undeniably a game changer in the way financial services are offered to consumers and businesses. The secure consent-based sharing of financial data through open APIs presents both a threat and an opportunity for banks and fintech firms to enhance their services.

With its native support of multi-bank data feeds, the Moneythor solution is the ideal component of your Open Banking architecture to deliver personalised insights to users across all their banking relationships.

Deployed between digital channels and any multi-bank aggregation service, the solution enables banks and Third Party Providers (TPPs) to leverage the holistic perspective offered by Open Banking over their customers’ finances to serve them better.

Open Banking Architecture
Monetise The Open Banking Opportunity

Increasing digital engagement with Open Banking
By processing Open Banking data sourced from other financial institutions with the customers’ consent, the Moneythor platform enables digital banks to configure tailored experiences offering customers a deeper understanding of their finances, and financial institutions an opportunity to improve their marketing campaigns.

An experienced team to support your Open Banking projects
The Moneythor team has already been exposed through its clients’ projects to various flavours of Open Banking such as PSD2 in Europe, CDR in Australia, SGFinDex in Singapore, etc. Our solution is proven and ready to assist across both industry-led and regulated environments.

Personalise Deploy Configure

Augment, Configure, Deploy & Personalise

Categorise other banks’ transaction data to deliver more relevant insights to your customers. Deploy the solution as a high-performance multi-bank data store within your infrastructure or in the cloud. Configure the pre-built templates to bring unique Open Banking experiences straight into your digital banking app.

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Resources

To keep track of all things Open Banking on the global stage, here are some pointers and articles on the subject. We also maintain an interactive page that details the regions, countries and institutions moving towards Open Banking with a framework for categorising them.