Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • SBS Banking Platform Reviews & Ratings
    29 Ratings
  • FISPAN Reviews & Ratings
    5 Ratings
    Company Website
  • Zil Money Reviews & Ratings
    607 Ratings
    Company Website
  • HERE Enterprise Browser Reviews & Ratings
    2 Ratings
    Company Website
  • Xero Reviews & Ratings
    5,856 Ratings
    Company Website
  • Authologic Reviews & Ratings
    2 Ratings
    Company Website
  • North One Reviews & Ratings
    5,043 Ratings
    Company Website
  • Juspay Reviews & Ratings
    17 Ratings
    Company Website
  • CEX.IO Reviews & Ratings
    29 Ratings
    Company Website
  • Banker's Dashboard Reviews & Ratings
    6 Ratings
    Company Website

What is Banfico?

Banfico emerges as a trusted source of open banking technology, offering a diverse array of scalable, secure, and regulation-compliant solutions tailored for both banks and fintech organizations. Our specialized open banking API is built in accordance with Financial Grade API (FAPI) standards and is designed to work seamlessly with key global frameworks such as Open Banking UK, Berlin Group, and STET. This powerful enterprise-grade API emphasizes customer identity verification, authentication, and security, enabling easy integration with core banking systems while delivering extensive functionalities like customer authentication and consent management. In addition, the OB Directory functions as a compliant repository of standardized information on active regulated entities, linking to all National Competent Authority (NCA) registers and the European Banking Authority (EBA), with real-time updates occurring every two hours. Also, the Modified Customer Interface (MCI) provided by Banfico guarantees a secure interface that complies with Open Banking and GDPR regulations, enabling banks to promptly and effectively satisfy compliance mandates while minimizing their costs. This multifaceted strategy not only aids financial institutions in addressing the challenges of open banking but also reinforces Banfico's role as an indispensable ally in this evolving landscape. Ultimately, our commitment to innovation and compliance ensures that our clients can thrive in a competitive market.

What is Akoya?

Akoya is a robust platform driven by APIs that facilitates secure open finance, enabling financial institutions, fintech firms, and data aggregators to exchange consumer-authorized financial data transparently and in compliance with regulations. Acting as a network for data access, it connects banks and financial data sources with approved third-party applications, allowing consumers to engage with fintech services safely while keeping their usernames and passwords confidential. By providing a unified integration point, organizations can link to thousands of financial institutions and applications, which streamlines the integration process and significantly reduces the challenges of ongoing development and maintenance. The platform leverages API connections exclusively, moving away from outdated methods like screen scraping and encouraging secure, permissioned data sharing, thus ensuring users retain complete control over their data and can manage or withdraw access at their discretion. Additionally, this forward-thinking strategy not only boosts security but also cultivates increased trust among consumers and service providers within the financial landscape, ultimately benefiting all parties involved. This interconnected approach represents a significant advancement in how financial data is shared and utilized, paving the way for more innovative fintech solutions.

Media

Media

Integrations Supported

CITI Unify
Capital One Eno
Chase Software
Fidelity
Fiserv
Jack Henry Payments
TD Bank Merchant Solutions
Yodlee

Integrations Supported

CITI Unify
Capital One Eno
Chase Software
Fidelity
Fiserv
Jack Henry Payments
TD Bank Merchant Solutions
Yodlee

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Banfico

Date Founded

2017

Company Location

United Kingdom

Company Website

www.banfico.com

Company Facts

Organization Name

Akoya

Date Founded

2018

Company Location

United States

Company Website

akoya.com

Categories and Features

Categories and Features

Popular Alternatives

BANKSapi Reviews & Ratings

BANKSapi

BANKSapi Technology GmbH

Popular Alternatives

Finicity Reviews & Ratings

Finicity

Mastercard