All your finances in one app
Why Walletguide relies on finAPI for a comprehensive financial overview
A credit card here, an ETF there, and somewhere in between your good old current account. Who’s supposed to keep track of it all? Sure, if you have only one account, no loans, and no interest in securities, your bank’s app might be enough. But as soon as things get a bit more “complex,” limitations quickly become apparent.
When real estate, savings accounts, credit cards, ETF portfolios, a small loan, or business accounts come into play, things get confusing fast. Instead of clarity, users end up juggling several apps from different banks and brokers – or worse: Excel spreadsheets.
That’s why a solution is needed that matches this financial diversity. Because if you want to make informed decisions, you need solid data – bundled, up to date, and secure.
More than just current accounts: When XS2A isn’t enough
Our client Walletguide has taken on exactly this challenge: a financial app for everyone with more than one account. The app gives users a central overview of all their assets: bank accounts, loans, real estate, investments. All in one place, automatically updated and clearly visualized.
The idea resonated – until the technology fell short. That’s because many open banking providers only deliver what is legally required: access to current accounts via the XS2A interface. That’s enough if you want to name your app “My current account & me.” But Walletguide had bigger plans for its users.
Why Walletguide chose finAPI
finAPI was the logical choice for Walletguide. Unlike many other open banking providers, finAPI uses different standards to retrieve financial data – depending on the bank, country, and available interface:
- XS2A interface for accessing payment accounts in accordance with PSD2
- FinTS (formerly HBCI), the German standard for securely transferring account data
- Web scraping as a fallback when neither XS2A nor FinTS is available
For Walletguide, this means that users can consolidate their financial data from a wide variety of sources. They don’t just integrate current and savings accounts, loans, credit cards, and investment portfolios, but also additional services like PayPal. The result is a much more comprehensive overview than what’s possible with XS2A-only solutions.
Conclusion: Data access is the key to a holistic financial overview
The collaboration with Walletguide highlights how essential broad and flexible data access is for modern financial solutions. By connecting to a variety of interfaces, finAPI ensures maximum coverage and high data quality. The result is an app that doesn’t just look good – it delivers real value to everyone who wants to stay on top of their finances.
Would you like to find out more or do you have a specific question?
Simply use our contact form. Our team looks forward to hearing from you.
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finAPI GmbH
Adams-Lehmann-Str. 44
80797 München
BaFin
Officially licensed and supervised by the German Federal Financial Supervisory Authority (BaFin).
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