Finloup, a Greek fintech innovator, champions financial inclusion and sustainability by embracing the principles of the circular economy. Through its technology leasing services, Finloup provides businesses with affordable and flexible access to high-quality electronic devices. Behind this seamless operation lies a robust decision-making framework powered by finker’s Account Information Service, leveraging PSD2/Open Banking capabilities.
By integrating Finker’s Account Aggregation API, Finloup enhances its Credit and Risk Assessment and KYC / KYB processes. Here’s how:
- Comprehensive Financial Insights: Finloup uses finker’s service to securely access and analyze aggregated banking data, including balances, transactions, and account history. This enables a thorough understanding of an applicant’s financial health and repayment capabilities.
- Enhanced Risk Assessment: Detailed transaction categorization and income/expense analysis provide Finloup with the tools to evaluate creditworthiness with greater precision. This ensures decisions are both responsible and tailored to each customer.
- Seamless KYC Compliance: By retrieving and verifying customer identity data through finker, Finloup ensures regulatory compliance while maintaining a smooth onboarding experience for users.
This synergy between Finloup and finker exemplifies how Open Banking technologies can transform financial services, fostering inclusivity and sustainability. Through innovative partnerships, Finloup continues to empower businesses with the tools they need for growth while supporting a greener, more equitable future.
