Banking & Financial Services

Prioritize a customer-centric approach to your strategies

With open banking and embedded finance revolutionizing the landscape, financial products and services have permeated the customer journey. We provide the architectural agility and business and technical know-how necessary to propel innovation and enrich the user experience.

Benefits

Why you can't afford to miss out on embedded finance

Discover how APIs are transforming banking & financial services.

Easy-to-manage partner ecosystems

  • Increase business reach and drive innovation through partnerships.
  • Adopt a platform strategy and drive flexible and scalable growth.
  • Easily implement products and services for new revenue streams.

Elevate and integrate digital experiences

  • Be prepared for AI based functionalities and integrate digital journeys across chatbot, website, IoT, and e-commerce touchpoints.
  • Develop deeper customer behavior insights with dashboards.
  • Remove bottlenecks to create a cohesive customer experience across various touchpoints.

BaaS and Open Banking enablement

  • Quickly enable new business as a Banking-as-a-Service platform.
  • Easily develop new products like payments, accounts, and more.
  • Ensure compliance with Open API standards like FAPI and OpenID.
  • Stay up-to-date with new requirements like FDX and CFPB.

Bring agility to legacy architectures

  • Assess your architecture for data-driven, cost-efficient legacy modernization.
  • Mitigate risks by managing and controlling your applications and data efficiently.
  • Extract data from your legacy systems to enable new, improved digital experiences and revenue streams.

Trusted by leading companies for our secure and reliable solutions

Embedded finance

Transform your business into an embedded finance platform

Adopt a plug-and-play system to empower a platform-based approach. Connect with partners, extend the reach of your financial products and services, and generate new revenue streams.

Customer-centric approach

Channel your time and energy into a “wow” customer experience

We lead initiatives aimed at streamlining your customer experiences. By eliminating complexities and embracing a more agile API integration approach, we make your customers' digital experiences better, improving customer onboarding, retention, engagement, and loyalty.

Solutions

Strategic Expertise that drives innovation and connectivity

Digital Experiences

Streamline the creation and delivery of highly integrated digital channels that bring value to both your customers and your business.

Integrate Partners & Ecosystems

Provide a frictionless experience, from onboarding to implementation, and foster partnerships that enhance your offering and relevance in the market.

Agile Architecture and Legacy Modernization

Accelerate your digital strategies by increasing the scalability and flexibility of your entire architecture.

Open Innovation

Maximize the potential of open innovation models and platform positioning to extend your reach and create multiple revenue streams.

Frequently asked questions

Find the answers to the most common questions about our Banking and Financial Services solutions.

What kind of data is accessible via Open Finance APIs?

The accessible data can vary based on user permissions. In accordance with current regulations, you can access information regarding bank accounts, transactions, credit history, investments, and insurance. However, it's worth noting that Open Finance extends beyond data sharing, it can also enable payment initiation.

Why are certificates important for the Open ecosystem?

The Open Finance ecosystem uses certificate chains and mTLS protocol to ensure the confidentiality, authenticity, and integrity of the information exchanged between participating institutions. This ensures that only authorized individuals have access to this information.

What is the Consumer Financial Protection Bureau (CFPB)?

The CFPB was created to provide a single point of accountability for enforcing federal consumer financial laws and protecting consumers in the financial marketplace. Before, that responsibility was divided among several agencies. Today, it’s our primary focus.  https://www.consumerfinance.gov/about-us/the-bureau/

What is the Financial Data Exchange (FDX)?

FDX is a nonprofit organization in the US and Canada dedicated to establishing a common and secure standard, the FDX API, for accessing consumer and business financial data. It includes a diverse board of directors and a global membership of financial institutions, data aggregators, fintechs, and others focused on user-permissioned financial data sharing. https://financialdataexchange.org/

Begin your API journey with Sensedia

We support our clients in enabling new digital experiences, integrating systems, and navigating Embedded Finance journeys. We work collaboratively from compliance to business strategy.