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Open Banking with Pirimid

As a fintech service provider, we seamlessly connect your financial world, ensuring swift transactions, innovative services, and robust security. Unlock a smoother, more connected financial experience with us.

WHO DO WE SERVE?

Fintech

  • Easy access to Financial Data
  • Customized Solutions for your customers
  • Enhanced Risk Assessment & Improved Decision Making

Banking & Lending Firms

  • Accuracy in Credit Scoring & real-time monitoring
  • Personalized & Diversified Services with better user experience
  • Streamlined Operations & Automated Processes with Simplified Onboarding

Investment Advisors

  • A 360-degree view of the client's financial health
  • Data-driven insights help in creating personalized investment strategies
  • Advanced Portfolio Management based on real-time market data

Insurance Companies

  • Better risk assessment & underwriting
  • Diversified & personalized insurance products

PIRIMID's OPEN BANKING CAPABILITIES

Personal Finance & Banking Transaction Reports

  • Consolidated View: Gather and manage transactions from all accounts in one place, monitoring finances across multiple institutions effortlessly.
  • Deep Insights: Understand income and expenditure with detailed insights into spending patterns, aiding informed financial decisions.
  • Financial Profiling: Create a financial profile, track and categorize expenses, set budgets, and achieve your financial goals with personalized recommendations and real-time tracking.
  • Easy Verification: Enables easy verification of customer transactions and funds data.

Investment Analysis & Advisory

  • Portfolio Aggregation: Unified view of investment portfolios by aggregating data from multiple sources, such as mutual funds, stocks, and bonds.
  • Personalized Advice: Use the power of analytics to personalize a customer’s investment portfolio based on their risk appetite and financial goals.

Credit Scoring, Underwriting, EWS

  • Enhanced Underwriting: Improve loan underwriting by analyzing income & categorizing expenses.
    Reviewing loan products to cater to NTC (new to credit) or thin-file customers.
  • NPA Reduction: Reduce NPAs by accessing real-time data across various client accounts, market information, and behavioral patterns.
  • BNPL Partnerships: Partner with BNPL providers for flexible payment options and support payday loans.
  • Increased AUM in Loan Books: Providing APIs for co-lending, auto loans, personal loans, and business loans to expand market reach.

Insurance Sector

  • Pre-approved Offers: Banks can offer pre-approved insurance by analyzing open banking data.
  • Effective Underwriting: Help insurance companies underwrite policies more effectively by providing a complete picture of a user’s financial data.

Streamlined Digital Onboarding

  • Efficient Onboarding: Streamlined digital onboarding for saving and current accounts for fintechs via bank APIs
  • Broadens Reach: Enhances customer experience and broadens business reach.

Corporate Client Solutions

  • Automated workflows: Integrate open banking with different tools to automate dynamic corporate workflows adding significant value for everyone by reducing TAT and manual efforts.
  • Long-term Partnerships: Offers bespoke financial solutions tailored to the specific needs of corporate clients, enhancing satisfaction and fostering long-term relationships.
  • Business Expansion: Attracts new corporations with robust financial integrations, expanding the customer base.

Credit Card & Foreign Investment Integration

  • Seamless Credit Card Integration: Seamless integration for onboarding and managing credit card customers, supporting growth via multiple channels.
  • Simplified Investments: Simplifies overseas money transfers and local investments through strategic bank partnerships with various investment platforms.
  • Increased Opportunities: Facilitates smoother foreign investment processes, increasing business opportunities.

Have a use case not listed above?

Use our expertise to build Custom Open Banking Solutions.