Unlock innovation in financial services

Through AWS technology, FinConecta delivers a simple, secure and isolated testing environment to allow fintech validation, connectivity testing, open innovation programs and proof-of-concepts without requiring the commitment of technology and operational support.

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Open Finance Sandbox

Leveraging the power of the AWS services, FinConecta deployed the Open Finance Sandbox on the AWS Marketplace, which accelerates time-to-market and enables FSI companies to innovate faster.

 This testing solution enables frequent testing, accelerates time-to-market, minimizes risks, and optimizes IT resources. 

Who is this for?

Financial Institutions

Looking to embrace and deepen their digital transformation journey, leveraging the benefits of Open Banking

Digital Solutions Providers

Curated B2B solutions providers looking to scale up fast and gain global exposure

Open Finance

for Financial Institutions

The next generation of Open Banking:

Do you
need to:

  • Find digital solutions
  • Innovate
  • Test / POC
  • Meet OB requirements
  • Accelerate time to market
  • Create new revenue streams

Do you have any of
these challenges:

  • Lack of open and standardized APIs
  • Tech capacity
  • Budget constraints
  • Security concerns
  • Evolving from a PowerPoint to a POC
  • No developer portal

Wouldn’t it be nice to have a platform that can:

  • Provide ready-to-consume APIs
  • Comply with regulatory requirements
  • Integrate all the digital solutions that you need in one place
  • Access a catalog of digital solutions
  • Utilize a POC tool to allow you to test solutions without using your core system
  • Launch your own developer portal

Future proof solutions

FinConecta supports innovation and the adoption of new technologies for different players across industries. Technology providers, FinTechs, Banks, Insurance companies, retailers, and others, connect to our platform and participate in an interconnected ecosystem.

Working together in this collaborative space, allows them to innovate, co-create digital solutions and move toward API-based business models such as Banking as a Service, and Embedded finance.

Innovation made easy

Early Testing

Open Innovation Program

Monitoring

One Platform, Multiple Use Cases

Innovation Lab

This modality fulfills the purpose of an innovation lab, providing the infrastructure to allow testing, validate third-party capabilities, and execute open innovation programs (eg. Hackathons)

Plug-and-Play Store

The platform seamlessly integrates the institution’s core system with more than 200 curated third-party providers (TPPs) embedded in FinConecta’s digital solution store.

Wallet-as-a-Service

As a connector engine, the platform can orchestrate multiple players such as TPPs, retailers, banks, and others to white label robust digital wallets

Banking-as-a-Service

Leveraging FinConecta´s infrastructure, the financial institution is able to expose standardized APIs through its own branded Developer Portal and monetize banking products

How AWS powers FinConecta
Open Finance Sandbox

Leveraging AWS CloudFormation

FinConecta leverages AWS CloudFormation to design, provision, and manage infrastructure resources by treating infrastructure as code.

The Open Banking Sandbox uses AWS Elastic Beanstalk which utilizes Amazon Elastic Compute Cloud (EC2), auto scaling, and AWS Elastic Load Balancer to deploy the workloads. Customers benefit from the multi-region global infrastructure of AWS to run their workloads as they need.

FinConecta leverages AWS tools like AWS CloudTrail, AWS Config, Amazon CloudWatch, AWS Key Management Service (KMS), and AWS Identity and Access Management (IAM) to make sure the cloud best practices for compliance and security are in place. It utilizes Amazon Virtual Private Cloud (VPC) across multiple Availability Zones, uses Amazon Route53 for low latency and high availability infrastructure to meet the resiliency requirements.

Open Finance along your journey

Every step of the way

Innovate, test, play, repeat

Launch a fully branded Developer Portal including our normalized API Catalog

Test & manage solutions against our bankBot (simulated data), run POCs, validate third-party capabilities

Experiment, execute innovation programs & hackathons

Access, build,
and share new solutions

Benefits

For Financial Institutions

  • Enhance positioning as a leader in innovation and Open Banking
  • Drive Innovation. Solve for current and future needs and develop POC
  • Enable revenue streams, monetize assets and adopt Software as a Service
  • Reduce investment
  • Accelerate: time to market, integration, testing and go-live
  • Comply with Open Banking regulation

For Fintech Solutions

  • Access multiple FIs and showcase solution with a single integration through
    standardized APIs
  • Maximize exposure of products and services, scale globally
  • Run unlimited testing with FIs in sandbox
  • Accelerate time to market
  • Boost positioning & company valuation

Developer Portal: An enabler for Innovation

The Developer Portal enables companies to provide everything that internal and third-party developers need to build solutions effectively and efficiently, accelerating API adoption, and creating business value.

The Developer Portal provides:

  • Complete, self-service developer experience
  • An intuitive user interface and highly customizable look and feel
  • Clear and easy to grasp API documentation
  • Comprehensive API catalog available for immediate use
  • Illustrative use cases
  • Strong API security through the use of API keys and OAuth2 credentials support
  • Reference guides & support in all stages of the process
  • Analytics to evaluate usage

Ready to embrace Open Finance?

Leave your contact information below and we will reach out as soon as possible!

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