The more you understand your customers’ spending habits, the better you can advise them. With Account Information Services (AIS), you can view not only your customers’ transaction information from a single bank account, but also aggregate information from several accounts. Data Enrichment will make your work even easier by automatically recognising merchants, enabling automatic categories and predicting future debits.
Open banking is also creating new and exciting ways for Fintechs to build money management apps, whether for individuals or SMEs. These apps can complement in-person advice by making budgeting recommendations, drawing attention to spending patterns, tracking payments and watching customer cash flow.