Our framework creates a data foundation to decode customer behavior and data attributes using advanced analytics. In addition, it allows fintech enterprises, banks and other financial service providers to collaborate with regulated Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) in real-time to monetize financial data. Further, we develop dashboards for transaction data management. It simplifies the conversion of data into required formats for transfer to external ERP and treasury management systems.

Ready access to real-time banking data enables fair and accurate credit scoring. Further, contextual analysis of spend and deposits data, transaction history, credit card data, and demographic data helps service providers serve customers across income groups and risk profiles. Lenders can offer larger loan amounts and lower interest rates to customers with high creditworthiness quotients. Significantly, it enables informed decisions on the terms of credit for individuals and small businesses with a limited credit history or variable incomes. Insights based on spending patterns can guide service fees and interest rates for financial products, including auto financing and mortgages.

The Portfolio+ platform for open banking supports a variety of in-app services – from payment of utility bills to renewal of online media / entertainment subscriptions. It allows consumers to opt-in for bespoke services and securely share their financial data with fintech enterprises and financial service providers, and opt-out of services and discontinue access to personal information. Automated application processing accelerates service by pre-populating forms for financial products and services. The user-friendly interface of our solution facilitates comparison of financial products and switching of accounts. Further, it enables customers to review transaction statements (bank, credit card and investment statements) and better manage accounts with multiple financial service providers to achieve financial goals.