Enable Banking, CRIF and Strands three pioneering leaders in the financial technology industry, are thrilled to announce a groundbreaking partnership aimed at delivering innovative Open Finance solutions to the Nordics. This collaboration marks a significant milestone in the financial technology industry, paving the way for a more secure, transparent, and customer-centric financial ecosystem.
A Joint Value Proposition to revolutionize customer’s banking experience in the Nordics:
Enable Banking, CRIF and Strands have joined forces to offer a comprehensive Open Finance solution that empowers banks and financial institutions with new information and capabilities. This partnership enables financial organizations to:
- Integrate Open Finance capabilities with Customer Engagement: Achieve a complete end-to-end solution by seamlessly integrating Open Finance with customer engagement, enabling the creation of new customer journeys using new data streams, while offering personalized financial wellness experiences. This includes holistic views of customer finances, tailored real-time insights maximizing cross-selling opportunities and specific advice for a better money management.
- Deliver Personalized Financial Wellness Insights: Enable customers to instantly link multiple bank accounts in one place, providing a holistic view of their finances. Trigger personalized offers and insights using data analytics and pattern recognition, as well as identify opportunities to shift loans and mortgages from other institutions.
- Optimize Small and Medium Business Accounts: Aggregate small and medium business customers’ accounts and invoicing providers to offer optimal financial control over their payment cycle and make cash-flow predictions. Reconcile bank account transactions with Account Payables/Receivables across all customer accounts and provide a 360-degree financial overview.
- Scalable Framework for Customer Journey: Banks can rely on a scalable solution able to support all the credit process from on-boarding to collection, from origination to portfolio management.
Speaking about this groundbreaking partnership, Joonas Tomperi, Founder & CEO at Enable Banking, said, “Our collaboration with CRIF and Strands represents a significant leap forward in delivering transformative financial solutions to the Nordics. By combining our strengths, we are poised to elevate the Open Banking experience for individuals and businesses, providing them with greater control over their financial futures.”
Enrico Lodi, Managing Director at CRIF, emphasized, “With our expertise in Open Finance, machine learning, and AI, combined with the innovative capabilities of Enable Banking and Strands / CRIF, we are determined to revolutionize the financial landscape in the Nordics too, leveraging the successful use cases Strands /CRIF have already delivered across Europe. Our joint vision is to foster a future where customers have access to cutting-edge financial services.”
Edoardo Borsari, Managing Director at Strands, added, “This partnership between Enable Banking, Strands, and CRIF signifies our collective commitment to driving innovation, enhancing customer experiences, and ushering in a new era of Open Finance solutions in the Nordics. Together, we will redefine the financial landscape.”
This partnership underscores the commitment of Enable Banking, CRIF and Strands to drive innovation, enhance customer experiences, and usher in a new era of Open Banking solutions that prioritize the needs of businesses and individuals across the Nordics.
About Enable Banking:
Enable Banking is the next-generation Open Banking connectivity provider, dedicated to shaping the future of financial services. We are true believers in data transparency and unyielding security, establishing a fortress of trust where users can manage their financial information with complete peace of mind. Our steadfast commitment to not storing any user data not only sets a new standard in digital safety but also enables individuals to confidently utilize a broad spectrum of innovative products. With Enable Banking, you’re not just leveraging cutting-edge API technology. You’re embracing a safer, smarter, and more transparent future in financial management.
CRIF is the leading provider in continental Europe of consumer and business credit information, with over 30 years of experience in credit reporting. A key global player in integrated decisioning solutions, we support over 10,500 financial institutions, 600 insurance companies, 82,000 business and 1,000,000 consumers across 50 countries
Strands is renowned for its expertise in data-driven personalization and AI-based financial solutions. With a vision to reshape the future of banking, Strands has consistently delivered cutting-edge solutions that empower financial institutions and customers alike.