Akoya
Akoya offers financial data APIs for open finance, supporting a variety of financial management and investment needs, and ensures compliance with major security and regulatory standards.
Financial Data APIs
Akoya offers a range of financial data APIs for open finance, catering to various needs within the financial sector. Their product lineup includes APIs for balances, customers, accounts, investments, payments, statements, and transactions. These APIs enable secure and efficient data sharing between financial institutions and third-party providers, ensuring seamless integration and operational efficiency.
Use Cases
Akoya provides multiple practical use cases for its financial data APIs. These include account opening, business financial management, lending and credit enhancement, payment enablement, personal financial management, and wealth management & investing. These use cases help financial institutions and businesses streamline their operations, enhance customer experiences, and leverage financial data for better decision-making.
1033 Compliance Solution
Akoya offers a 1033 Compliance Solution to help financial institutions manage their data sharing practices in compliance with regulatory requirements. This solution ensures that data sharing activities adhere to relevant regulations, including consumer protection and privacy laws, helping institutions mitigate legal risks and maintain transparency.
Developer Platform
Akoya provides a developer-focused platform that includes extensive API documentation, a sandbox environment, and a dedicated community for developer support. This platform is designed to help developers efficiently integrate Akoya’s APIs into their applications and systems, facilitating seamless data interactions and enabling innovation in financial services.
Security and Compliance
Akoya holds a SOC 2 Type II certification, demonstrating its commitment to security and compliance. Additionally, the company adheres to NIST and FIPS-140 standards, ensuring robust data protection. Akoya's utilization of OAuth-based connections guarantees data dependability and accuracy, providing financial institutions with a reliable and secure framework for data sharing.
Network Model
Akoya employs a network model that enhances cost-effective data sharing as more data providers join the network. This model supports a broad range of financial institutions and continuously adds new ones, ensuring comprehensive data coverage. The approach balances cost efficiency with expansive and reliable data access.