OPEN
BANKING
Rapidly Deployed I Budget Friendly
We provide cost effective, easy to integrate Open Banking solutions. Our clients are banks and financial institutions seeking to implement an open banking strategy that will provide a maximum of flexibility/scalability while minimizing implementation time and running costs.
Founded in 2005 and focusing on one thing; data management and distribution, IntelliTrade has been offering open banking (PSD2) solutions to market participants since the introduction of regulation in 2021 and have had a unique opportunity to help shape the ecosystem. Through our involvement we have gained a reputation for our in-depth knowledge of the many technical and regulatory aspects such that market participants regularly consult with us on PSD2 related matters.
About iNTELLi OPEN BANKING
Security
We understand security. For organizations seeking to implement Open Banking, security is of highest priority. IntelliTrade has been providing financial data management and distribution solutions for 17 years. Security is engrained in our DNA like nowhere else, it’s part of all processes from secure development protocols, integration testing, deployment, and post deployment security of the live environment. We conform to all regulatory and best practice standards and go above and beyond to ensure all systems/processes remain secure. Our processes are reviewed by our clients regularly as part of the strict policies and regulations governing banks and financial institutions, all of which are independently audited on a regular basis.
Products
Our strengths lie in providing hosted Open Banking (ASPSP/TPP) environments as a “turnkey” solution with which our clients can rest assured that what they implement today will meet their requirements and their budgets tomorrow.
We provide tools that will help set up and monitor your strategy by facilitating, identifying, connecting, and subsequently managing the live environment ensuring that API’s and Connectors are up to date and error free.
Fast implementation
Full systems integration can be achieved within weeks.
Easy to maintain
Open Banking specs are continuously evolving. We ensure your systems are always up to date and remain compliant. Changes to the specs are incorporated seamlessly.
Cost effective
Low start up costs and ease of integration and maintenance with no traffic related fees help keep resources under control making this an extremely budget friendly solution.
“Open banking is going to probably be one of the most important things we should all work on together. It’s basically about the future of finance, and how do we shape it in ways that [are] good for consumers, businesses and others”
CFPB Director Rohit Chopra
House Financial Services Committee Meeting, June 14th, 2023
Open Banking - Open Finance
One solution for Many Challenges
Obtaining an up-to-date overview of client information across multiple financial institutions has remained challenging, time consuming, and is often unreliable with multiple approaches and technical solutions complicating the process even more.
Open Banking provides standardized integration to aggregate data across multiple accounts and financial institutions in an efficient, reliable, and secure manner which will lead to more efficient and less costly processing, better-informed financial decisions, improved service, and increased client confidence
Open Banking - Open Finance
One solution for Many Challenges
Obtaining an up-to-date overview of client information across multiple financial institutions has remained challenging, time consuming, and is often unreliable with multiple approaches and technical solutions complicating the process even more.
Open Banking provides standardized integration to aggregate data across multiple accounts and financial institutions in an efficient, reliable, and secure manner which will lead to more efficient and less costly processing, better-informed financial decisions, improved service, and increased client confidence
“Open Finance lies at the heart of the future of Financial Services...”
EY's Sanjeev Chatrath, Mike Booth, and Li-May Chew
Realtime monitoring and engagement facilitating timely response to changes in customer circumstances.
Simplifying processing payments and funding of account / transactions e.g. transferring funds between accounts, one-off payments, recurring payments.
Providing consolidated data necessary for holistic analysis across multiple holdings / accounts / instruments improving quality, personalization, and dynamics of advice.
Providing data to identify trends, detect market opportunities, and develop data-driven investment strategies.
Facilitating integration of third party services e.g insurers, mortgage lenders, analytics / advisory tools and back office reporting systems.
Support for running targeted marketing campaigns (providing regulatory and user approved use cases).
Increasing scalability / scope of services allowing for access to new markets and larger customer base.