IC Open Finance
Open your bank to the future with our Open Finance solution
In the journey that goes from contemplating your country’s regulation to taking a leap to a true model of Banking as a Service (BaaS), IC Open Finance allows banks to step strongly in the development of new businesses, leveraging a global community of over 11 thousand developers and over 500 available APIs.
The technology we offer together with Tesobe, the company behind the Open Open Bank Project (OBP), was developed to provide a superior experience to developers of financial solutions, and unmatchable access to the tools and documentation to increase productivity. We deliver a world of unprecedented opportunities to the Banks connected to our ecosystem.
Benefits of implementing Open Finance in your Bank:
Development of new businesses without the need for investment in personnel, marketing or branches.
Expand its market niches by acting as a “white” brand for FinTechs in the ecosystem, without affecting the positioning of the Bank's main brand.
Give a better experience to your customers through access to new features and technologies.
ALWAYS be up to date with the regulatory provisions of your country (Our commitment is to implement those changes that governments demand in a few weeks)
Incorporate financial industry standards for connectivity and maintainability by scaling your own developments.
Open Finance Objectives:
Reimagining the bank through an Apification Strategy:
The most important technology companies in the world are increasingly strong in the financial world and banks are increasingly strong in the technological world.
Now you can open up to an ecosystem that will allow you to innovate, without investing in innovation; providing banking capabilities to be consumed and executed through third-party services.
Concrete usage examples of Open Finance:
- Purchase of any type of product or service, with bank issued credits, with no need to leave the commercial environment where the user is.
- Possibility of providing credits to SMEs together with organizations or institutions that gather them together in one sector.
Some of our available APIs
Beading
Access the user's list of accounts and account information such as balance.
Counterparties
Access payers and beneficiaries of an account including metadata, such as their aliases, labels, logos and landing pages.
Onboarding and KYC
Perform the creation of users, customers and accounts. Access Know Your Customer (KYC) documents, media, and KYC status.
Payments and transaction requests
Initiate transfers. View and confirm charges (according to PSD2).
Dynamic endpoints
Quickly create endpoints using Swagger/Open API specification files.
Minutes
Access transaction history and account metadata.
Branches, ATM's
Access the list of branches and ATMs of the specified bank, including geolocation and opening hours.
Webhooks
Access the list of branches and ATMs of the specified bank, including geolocation and opening hours.
API Roles, Metrics and Documentation
Allow account holders to grant detailed access to third-party users and applications, obtain metrics and API documentation.
Search warehouse
Perform advanced searches and statistical queries on the data warehouse.
Metadata
Enrich transactions and counterparties with metadata that includes geolocations, comments, images, and tags (for example, expense category).
Real-time information
Whether or not you have the IC Banking platform implemented, you can benefit from IC Open Finance and see the growth of new business units using real-time graphs.
Access control with security levels
Using IC Open Finance doesn't mean losing security. The solution is implemented behind the bank's firewall, ensuring the same security as current systems.
You can control the use of APIs through the access control and authentication capabilities of our OBP API Manager and decide which APIs to expose and to whom, or revoke access when you consider necessary.
The future is today. Open your bank to the world with IC Open Finance.
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