Top 10: Open Banking Companies

10. Atto

Formerly DirectID, Atto offers open banking data to assist lenders in making more informed credit and risk decisions. The open banking movement allows financial service providers to access a consumer’s transactional history, with the necessary permissions, providing a clearer view of an individual's financial status than traditional credit scoring models. This enhanced insight helps lenders scale their businesses, improve efficiency, reduce risk and create fairer outcomes for borrowers.

9. Yapily

Yapily is one of Europe’s leading open banking infrastructure platforms helping to deliver access to financial services. Yapily securely connects its customers to thousands of banks across Europe, allowing them to access financial data and initiate payments. Yapily’s customers range from disruptive fintechs to industry leaders operating in a number of verticals. Yapily was established to challenge leading card networks to help create a global economy that works for everyone.

8. Yodlee

Yodlee is a leading provider of data aggregation and data analytics services – something the open banking company says is the foundation of open banking innovation. Today, its products and services are leveraged by more than 1,500 financial institutions and fintechs, including 15 of the top 20 banks in the US. With its wide customer base, Yodlee has a staggering customer reach of more than 30 million. By leveraging Yodlee’s insights, banks can gain a deeper understanding of their clients, opening new business opportunities and allowing them to better understand risk while delivering personalised advice and guidance.

7. Salt Edge

Canada-based Salt Edge provides an open banking API solution that enables clients to deliver more intelligent digital services to their customers. Led by Garri Galanter, a seasoned professional with extensive banking experience, Salt Edge has benefited from his advisory role since 2013 before he became CEO in 2022. Today, Salt Edge’s mission is to provide a universal platform that will take the burden off various types of businesses and allow the world to create dozens of use cases through Salt Edge’s open banking solutions. 

6. Bud Financial

Established in 2015, Bud Financial has evolved from an education platform into a data intelligence company dedicated to simplifying financial decisions. Today, the company processes 300 million transactions per month, providing financial institutions and customers with deeper insights into their financial status by leveraging transactional data. With a team of more than 100 employees spread across four countries, Bud Financial continues its upward growth trajectory.

5. Token.io

Token.io is a leading provider of account-to-account (A2A) payment infrastructure powered by open banking. The company offers leading connectivity solutions to over 80% of bank accounts across 20 European markets through a single API. The fintech says its technology enables low-cost, real-time bank payments with high success rates and instant settlement. Today, its solutions are used by major financial institutions and payment providers, including BNP Paribas, HSBC and Nuvei. Token.io remains focused on delivering tools to improve cash flow and enhance the checkout experience for merchants and consumers alike.

4. TrueLayer

Founded in 2016, TrueLayer is the European account-to-account payment infrastructure provider offering APIs that enable businesses to connect with customers' bank accounts securely. The company’s technology facilitates instant bank payments, account verification and data access for various industries including ecommerce and financial services. Working to provide frictionless, cost-effective payment solutions, reduce fraud and improve user experiences, TrueLayer has partnerships with major financial institutions and is actively working with regulators to shape the future of open banking.

3. Tink

Tink is a leading European open banking platform that provides financial institutions and businesses with innovative solutions through a single API. Founded to transform the banking industry, today ink connects to over 3,400 banks and financial institutions across Europe. The company offers services including account-to-account payments, financial data access, and transaction enrichment. In June 2021, Visa acquired Tink for US$2.2bn, recognising its significant impact on the fintech landscape. Tink's technology enables businesses to develop data-driven financial products, improve lending processes and enhance payment experiences for millions of customers.

2. Plaid

Founded in 2013, Plaid is one of the leading fintech companies providing a secure platform for connecting users' bank accounts to various financial applications and services. Since its founding 11 years ago, Plaid has grown to power over 8,000 apps and connect to more than 12,000 financial institutions. The company's API-first network enables developers to create seamless user experiences for managing finances, making payments and accessing financial data. The company has six offices around the world, as well as up to 1,000 members of staff.

1. Stripe

Stripe Connect, a division of leading fintech Stripe, offers a seamless, popular solution for businesses integrating payment systems into their platforms or marketplaces. The robust APIs offered by Stripe enable its clients and partners to develop and expand comprehensive payment experiences, while simultaneously generating additional revenue streams to support business diversification.

With Stripe Connect, Strip has already established partnerships with major players such as Salesforce, Shopify, WooCommerce and OpenTable. Stripe Connect is currently accessible in over 35 markets and regions, supporting 14 different languages. This extensive coverage allows businesses to scale internationally with ease, leveraging Stripe's infrastructure to handle complex payment processes and compliance requirements.

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