API services under the Open Banking/Open Finance standard
ZTL offers several Unique Selling Points (USPs) that enhance efficiency, automation, and accuracy in financial reconciliation
Unique Selling Points for AIS (Account Information)
API services under the Open Banking/Open Finance standard:
Comprehensive Multi-Bank Aggregation
- Access account data from multiple banks and financial institutions in real-time.
- Consolidated financial overview across different accounts and banks.
Real-Time Financial Insights & Analytics
Seamless access to balance, transaction history, and spending patterns.
Financial insights for users, including categorization and forecasting.
Regulatory Compliance & Security
- Fully PSD2-compliant, ensuring secure and standardized data access.
- Built-in adherence to GDPR and DORA security frameworks.
Frictionless User Experience with Secure Authentication
Seamless authentication via Strong Customer Authentication (SCA) (e.g., BankID, OAuth).
No need for users to manually enter bank credentials repeatedly.
Seamless Business Financial Management
- Helps businesses with real-time cash flow management & reconciliation.
- Reduces the need for manual accounting by integrating with ERP systems.
Fraud Prevention & Risk Monitoring
Continuous account monitoring helps detect anomalies and prevent fraud.
Reduces reliance on traditional credit checks and enhances KYC/AML procedures.
Enhanced Payments & Open Finance Use Cases
- Enables smarter, data-driven Payment Initiation Services (PIS).
- Facilitates embedded finance applications, including subscription management and invoice automation.
Scalability & Easy API Integration
Standardized API structures (e.g., Berlin Group, UK Open Banking) for easy developer integration.
Scalable across multiple EU markets with cross-border capabilities.
Let's discuss how we can help accelerate your Open Banking strategy
Focusing on Bank Reconciliation Platform Providers:
For Bank Reconciliation Platform Providers, the AIS (Account Information) API under Open Banking/Open Finance offers several Unique Selling Points (USPs) that enhance efficiency, automation, and accuracy in financial reconciliation. Here are the most relevant ones:
Automated Bank
Data Aggregation
Fetch real-time and historical transactions from multiple banks into a single dashboard.
Eliminates manual data entry and the need for uploading bank statements.
Real-Time Cash
Flow Visibility
- Provides up-to-date balances and transaction details for real-time cash position tracking.
- Enhances liquidity management by offering instant insights into available funds.
Instant Bank
Reconciliation
- Matches bank transactions automatically with accounting and ERP records.
- Reduces errors in reconciliation, improving financial accuracy and compliance.
Multi-Bank &
Multi-Currency Support
Supports businesses operating across multiple banks and currencies.
Consolidates all financial data for a global cash management view.
Faster Month-End &
Year-End Closures
- Automates reconciliation tasks, reducing the time required for financial reporting.
- Helps finance teams close books faster, improving operational efficiency.
Fraud Detection &
Anomaly Monitoring
- Identifies discrepancies and unexpected transactions using real-time monitoring.
- Strengthens compliance with internal audit controls and regulatory requirements.
Seamless Integration with ERP
& Accounting Systems
Connects directly with platforms like SAP, Oracle NetSuite, Xero, QuickBooks, Microsoft Dynamics.
Enhances workflow automation by syncing financial data across systems.
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