Use case

Open Banking

Enable secure access to financial data with user consent. Account Information Services (AIS) allow authorised parties to retrieve real-time bank account data, including balance, transaction history, and verification details.

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The Benefits of Open Banking

Open Banking and the PSD2 directive enable increased accessibility, transparency, and control by allowing account holders to open up their banking data to third-party actors, ensuring a more open and secure financial environment for both individuals and society at large.

Open Banking with Roaring

For us at Roaring, Open Banking is about enabling safer and smarter customer onboarding processes. It minimises risks and provides valuable insights to our clients across various industries. By giving users full control over their data and simultaneously facilitating our clients to easily verify or get a financial snapshot of a company or individual, we can offer a more comprehensive solution.

One of the key features of Roaring’s Open Banking API is the ability for bank customers to easily and securely verify their accounts, allowing third parties to access basic account information such as account numbers and balances. After the account holder’s approval, more detailed information, including transaction history, can also be made available to third parties, which can be useful for financial planning or risk modelling.

This availability stems from an EU directive requiring banks to offer the possibility of Open Banking. The account holder should have full control over their own financial data, and third-party actors can access the information, provided that the account holder has initiated a process where it is required and approved the availability.

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Enhance your verification and risk process by leveraging our cutting-edge open banking connectivity. Securely access your users’ bank account information.

Smarter lending, verification, and financial management.
Check individual or business client accounts with ease.
API that connects you to over 2,600 European banks.

Guest Writer Sylvestre Thenor

"With nearly a decade in the payments industry, including roles at Zimpler and Trustly, I’ve led international expansion and helped scale open banking solutions across Europe and Latin America. My focus is on simplifying financial transactions through smart product development, strategic partnerships, and innovation across fintech, regtech, insuretech, and beyond."

- Sylvestre Thenor

Download and Learn More About Open Banking

PSD3 and FIDA: Evolving AIS and TPP Roles
Explains how PSD3 and FIDA will broaden access to financial data, update Account Information Services (AIS), and reshape the responsibilities of TPPs.

AIS in Open Banking
Outlines what AIS is, the difference between AIS and PIS, the role of AISPs, and the security, benefits, and applications of AIS.

A Brief History of Open Banking
Summarizes Open Banking’s journey from its origins to PSD2, including its core principles and key regulatory milestones.
Introduction to PSD3
An overview of the EU’s upcoming PSD3 framework, which aims to boost digital payment security and efficiency, with key implications for banks, payment providers, and consumers.
The Rising Imperative of Open Finance
Covers the shift from Open Banking to Open Finance, expanding data access to more financial products, and highlights the evolving role of Third-Party Providers (TPPs) and new regulations.