Officially licensed and supervised by the German Federal Financial Supervisory Authority (BaFin).
Digital finance platforms, finance apps and software for managing one’s own finances can offer every user a complete overview of their financial situation and insurance policies. Finance platforms can also help users make and optimize financial decisions for specific life situations.
The account view can be used to retrieve account transactions and categorize them precisely. Customers can see all income and expenses in various categories at a glance. In addition to income, e.g. from salaries, or expenses for rent and living, they can also see how much money they are paying for loan repayments or insurance.
Customers often lose track of existing contracts, especially insurance contracts. Our data intelligence analysis for contract detection provides a remedy. It reliably identifies existing and new contracts, e.g. insurance contracts, credit contracts, but also other contracts. This information supports the individual consulting of customers. The only prerequisite for this is that customers share this account information with their bank or insurance advisor.
By analyzing new account transactions, previously defined relevant changes can be identified. These are the triggers that can be used to identify important life events that usually necessitate an adjustment of the insurance policies, e.g. having a child, buying a house, changing jobs or a salary increase. This enables even more customer-oriented offerings in the digital consulting process – if the customer is open to this innovative form of consulting.
The combination of account analysis, contract recognition and specific analysis of changes and events together result in our “finAPI Smart Sales Advisor”. By bundling this information and sharing it with the insurance advisor, customers benefit from personalized insurance advice that can be tailored to their exact needs and current life situation. Insurance advisors benefit from new opportunities and triggers for customer contacts and finally from even more satisfied customers.
It is important for finAPI to understand the business and needs of our customers in order to implement their wishes correctly. Together we find optimal solutions for open banking applications of banks, insurance companies, fintechs, online stores, start-ups, SMEs and large enterprises. Here you can find a small selection of satisfied customers and partners.