Be1B's Open Banking solution is designed to seamlessly integrate into your digital banking suite, empowering your bank to offer cutting-edge financial services, expand your market reach, and give authorised third parties secure, real-time access to customer financial data.
Key Metrics & Performance
- Universal API: Any Standard, Any Region
- AISP + PISP: Both Directions Covered
- Secure: Licensed Party Access Only
- Real-Time: Financial Data Access
Your bank has valuable financial data. Unlocking it safely, and strategically, is the opportunity.
Open banking is not just a regulatory requirement. It is a business opportunity. Banks that open their data and payment infrastructure to authorised third parties attract new customers, enable new services, and expand their reach into markets they could not serve alone. Most banks are treating it as a compliance task. The ones winning are treating it as a growth strategy.
Core Capabilities & Features
API standard
universal: PSD2 and regional equivalents
Coverage
AISP (data) + PISP (payments)
Third-party access
licensed and authorised parties only
Data
real-time customer account data
Consent
customer consent managed and auditable
Security
authorised access only, full audit trail
Integration
connects directly to Be1B digital banking suite
Data residency
EU (GDPR compliant)
Use Cases
For Banks
Enable PSD2 and regional open banking compliance while turning it into a competitive advantage. Grant licensed third parties secure access to customer data and payment initiation: attracting new partnerships and expanding your service offering without building new products yourself.
For Fintechs
Connect to customer bank accounts across multiple institutions to power account aggregation, cash flow analysis, credit scoring, or Pay by Bank payments. Be1B's universal API means one integration for every connected bank, regardless of regional standard.
For Platforms and Lenders
Leverage open banking data for more accurate credit assessments, affordability checks, and income verification: with customer consent, in real time, without requiring payslips or manual bank statement uploads.
Frequently Asked Questions
What is the difference between AISP and PISP?
AISP (Account Information Service Provider) enables authorised third parties to read customer account data: balances, transactions, account details. PISP (Payment Initiation Service Provider) enables authorised third parties to initiate payments directly from customer bank accounts. Be1B's Open Banking module supports both.
Does Be1B's Open Banking work beyond PSD2?
Yes. Be1B's universal API is designed to support every open banking standard: PSD2 for the EU and any other regional specification globally. You do not need to rebuild your connectivity for each new market or regulatory framework.
How is customer data accessed securely?
Access is only granted to authorised, licensed third parties: with explicit customer consent that is managed, audited, and revocable at any time. Data sharing with unauthorised parties is not possible.
Can customers revoke access to their data?
Yes. Customer consent for data access is managed within the platform: customers can revoke access at any point and it is enforced immediately across all connected third parties.
How does open banking data help with credit decisions?
With customer consent, open banking gives lenders and platforms access to real transaction history: income patterns, spending behaviour, account balances: enabling more accurate credit assessments without relying on manual document uploads.
Does this work with Be1B's digital banking suite?
Yes. Open Banking integrates seamlessly with Be1B's digital banking suite: it is designed as a connected module, not a standalone product that needs separate integration.
Get Started
Launch your open banking solution within a few days. Connect with Be1B experts: https://be1b.com/contact