1033 compliance for financial institutions
Streamline your implementation of the CFPB's Section 1033 open banking regulation using our end-to-end solution for financial institutions.
Akoya is trusted across the open finance ecosystem
Get the data you need reliably
Enable instant account opening and funding without micro-deposits.
Offer businesses the ability to aggregate their financial accounts in one place.
Access bank or brokerage data to better inform lending decisions.
Authorize account-to-account or person-to-person payments with instant account authentication.
Provide users the ability to aggregate their financial accounts in one place.
Give users and/or financial advisors the ability to collate investments, assets, and other held-away account information for one sweeping financial picture.
Substantial API coverage across financial account types
Akoya is adding new financial institutions continually to ensure data coverage for all offered use cases.
Percentages and account totals are based on FDIC data, Nilson Reports, and internal research.
A new approach to
Open Finance
OAuth-based connections enable consistent network uptimes from authorized data sources. Expect uniform data with consistent coverage across products.
Akoya is trusted by many financial institutions, including the largest banks and brokerages in the United States. All network participants are vetted and follow the same rules.
Our network model offers efficient pricing. As more data providers join the network, economies of scale kick in for data sharing.
Akoya holds a SOC 2 Type II certification and is NIST and FIPS-140 compliant. All network participants meet rigorous security requirements that are reviewed regularly.
Onboard quickly using integrations based on Financial Data Exchange specifications. Developer tools include API docs, sandbox, and a dedicated community for questions and feedback.
Get started with a free account
Access our sandbox to see available data, view technical guides, test sample data, and more.
How users permission their data through Akoya
Emily wants to connect a fintech app to her accounts at her fictional bank, Mikomo.
See the processEmily is redirected by the fintech app to Akoya where the fintech and Mikomo ids are validated.
See the processAkoya redirects Emily to Mikomo Bank and Emily authenticates on the Mikomo Bank site.
Emily does not provide her login information to anyone but her financial institution.
See the processMikomo Bank presents Emily’s account list for selection and permissioning to her fintech app.
Emily approves account selection and permissions access to whichever accounts she wants to share.
See the processAkoya redirects Emily back to her fintech app.
See the processAkoya connects the fintech app with Emily's permissioned data.
See the processMikomo Bank returns data to Akoya, who passes the data to the fintech app.
Emily sees the permissioned account data.
See the processOur network model offers more efficient pricing
Costs are tailored and based on anticipated API volumes. Tiered pricing is available for increased volume passed through Akoya. Get in touch with us for more details.