BaaS and Open Banking

Open Banking boosts economic growth by enabling financial services providers to collaborate in an advanced digital ecosystem that extends customer choice and promotes innovation by permitting the sharing of customer data.

Technology is a crucial enabler as fintech companies collaborate with traditional providers to develop and implement new use cases, bringing increased financial empowerment for consumers and businesses.

Designed to meet the regulatory requirements of highly demanding financial frameworks, Apex Open Banking offers a wealth of features to fully support bank participation in the ecosystem, as well as full fintech (including but not limited to AISP, PISP and TSP) back-end functionality.

The solution leverages advanced technology to deliver innovative, secure and highly scalable services such as Smart Financial Advisory, PFM, EFM, micro-lending, account aggregation across banks and product recommendation. A market-ready solution, benefiting from eMcREY’s substantial Open Banking implementation experience, Apex Open Banking can be installed on-premises or made available as a SaaS solution, from our secure PCI-DSS certified Tier III+ data center.

Apex Consent Manager is a specialized solution for banks and financial institutions, designed to streamline the management of customer consents in line with global and local Open Banking standards such as UK and SAMA APIs. It features a robust Authorization Server, comprehensive consent management modules, and administrative tools for dynamic client registration and reporting. The system prioritizes world-class security and compliance, adhering to FAPI standards and incorporating strong authentication and real-time fraud detection. With a modular, cloud-native architecture, it ensures high performance, scalability, and seamless operations for an integrated digital financial ecosystem.

The Apex Open Banking platform can be complemented by Apex Finance Manager, which provides comprehensive features for personal and business financial planning and analysis, as well as financial comparison tools and smart advisory services.

The solution enables a consolidated view of accounts, financial goal setting, spend analysis and categorization. For individuals, it allows peer-to-peer comparisons among virtual friendship groups. Business users can benefit from business cash flow forecasts and AI-enabled targeting capabilities to optimize customer cross-sell and up-sell opportunities.