Bank as Fintech platform

Compete & Innovation platform

Openitio technology does not just help banks comply with Open Banking and Open Finance publishing requirements in an easy and fast manner. Our compete platform allows banks to take advantage of Open Banking in a similar way to a fintech by consuming APIs published by other banks, and use these for competitive differntiation.

Open IT - Connectivity and Compete platform — Open IT – Open Data Connectivity and Compete platform

Our cloud-native compete platform, allows banks to fast-track the development of fintech-type mobile-only and branch-less propositions by leveraging ready-made connectivity to banks and TSPs globally for aggregated and 360^o customer views and insights.

*Figure 2: The OpenIT.io compete platform delivers connectivity to bank accounts globally.*

Once connected and consented, our platform takes care of ingesting and storing data in our cloud-enabled data-lake, from where out-of-the-box insights and analytics are delivered on areas supporting customers finanical well-being, such as income analysis, expenditure analysis etc.

Figure 3: The OpenIT.io compete platform delivers out of the box insights and analytics

In addition to the following insights and reports that are delivered out of the box, our compete platform allows bank development, BI, Insights and Product innovation teams to easily plug-into and