OPEN
BANKING
Open Banking Strategies & Services for Financial Institutions
About iNTELLi OPEN BANKING
IntelliTrade delivers cost-effective, scalable open banking solutions that simplify adoption for financial institutions while ensuring compliance with CFPB 1033.
Founded in 2005 and active in open banking since PSD2's introduction in 2021, IntelliTrade brings deep expertise in technical and regulatory frameworks. Financial institutions trust IntelliTrade for turnkey solutions that streamline data sharing, enhance security, and maintain compliance.
Why Intelli Open Banking?
Products
Intelli Open Banking provides turnkey ASPSP and TPP solutions to meet CFPB 1033 requirements. The ASPSP solution ensures regulatory compliance by securely exposing account data and payment capabilities, while the TPP solution lets banks act as data recipients to unlock innovative services. Hosted deployment simplifies data sharing, payments, and compliance in one secure, scalable platform.
Security
Security is the bedrock of every IntelliTrade solution. With 17 years in financial data management, IntelliTrade embeds advanced security protocols at every stage, exceeding CFPB 1033 standards. Regular audits ensure financial institutions meet open banking requirements with confidence and protection.
White-Label Open Banking Solutions
Let IntelliTrade set up and monitor your open banking strategy by facilitating, identifying, connecting, and managing the live environment. Ensure APIs and connectors remain up to date and error-free for a secure and streamlined path toward open banking adoption.
Fast implementation
Full systems integration can be achieved within weeks, accelerating time-to-market.
Easy to maintain
As open banking specifications evolve, IntelliTrade seamlessly incorporates updates to keep systems compliant.
Cost effective
Low startup costs and zero traffic-related fees help control resources, making IntelliTrade’s solution budget-friendly.
“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.