XS2A.RISK

The FinTecSystems XS2A.RISK interface provides one-time access to the account data of a bank account in order to obtain an electronic account statement or to retrieve specific analysis results (individual key figures such as risk characteristics or entire reports) via a selection of predefined analysis modules from the FinTecSystems Analytics Platform. The initial call by the provider specifies the scope of analysis to be performed on the data of the online banking account. The customer is then prompted to interact (login to online banking). After the successful login and, if necessary, the account selection (reference account) by the customer, the desired results are made available to the provider for retrieval.

FinTecSystems provides white-label account information and payment services with the same look and feel of its clients’ brands. The self-developed online banking-based API enables companies to aggregate and analyse financial data and make decisions in real time. For example, its products accelerate loan commitments, minimise counterparty risk, and categorise real-time sales data to make them more meaningful. FinTecSystems is also licensed by BaFin.

Under PSD2, the issue of retrieval of account information and payment triggers is increasing in importance as it provides a standard which promotes the receipt of bank-independent financial data.

The FinTecSystems’ solution is highly customer-centric. Only after online log-in and authentication is financial data collected, prepared and provided within meaningful categories.  Its digital process helps clients avoid disruption and accelerates applications. In addition, it improves their processes in line with PSD2 and meets BaFin requirements without them having to own the application process.

Main functions:

• one-time access to account data of a bank account
• one-time access to the online transfer function of a bank account
• creation of individual reports according to the modular design