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