# Akoya


> Akoya is the trusted partner in open finance and data sharing. Akoya provides a turnkey, white-labeled Open Finance Solution for banks and credit unions and operates one of the largest consumer-permissioned financial data access networks in the United States. Akoya's network connects thousands of financial institutions and powers thousands of apps through 100% API-driven, OAuth-based infrastructure with 99.9%+ network availability.

Akoya serves two primary audiences: financial institutions (banks and credit unions) that need to securely share consumer-permissioned financial data with authorized third parties; and fintechs and data aggregators that need API-based access to consumer financial data. Akoya's Open Finance Solution (OFS) is the company's primary product. It is a white-labeled, managed platform that includes a developer portal, admin console, consumer permission dashboard, API documentation, managed security and risk reviews, data access agreement services, and 24/7 support. Akoya is a member of Financial Data Exchange (FDX), Consumer Bankers Association (CBA), American Bankers Association (ABA), and Nacha.

Key concepts: Akoya does not screen-scrape or store consumer credentials. All data sharing is 100% consumer-permissioned and OAuth-based. Akoya's APIs are aligned with Financial Data Exchange (FDX) standards. Open finance innovation, secure data sharing, and regulatory compliance are key contexts for Akoya's financial institution customers.

## Company

- [About Akoya](https://akoya.com/our-story-akoya): Company background, mission, and history. Akoya was founded in 2020 and is headquartered in Boston, MA.
- [Security](https://akoya.com/security): Akoya's security posture, certifications (SOC 2 Type 2, NIST, FIPS-140), and data protection methodology.
- [Careers](https://akoya.com/careers): Open roles at Akoya.
- [Contact](https://akoya.com/contact): Sales and general contact information.

## Financial Institution Solutions

- [Financial Institutions Overview](https://akoya.com/financial-institutions): Hub page for Akoya's financial institution offerings, which include open finance, secure data sharing, and regulatory compliance.
- [Open Finance Solution](https://akoya.com/openfinance): Akoya's primary product is a turnkey, white-labeled open finance platform for banks and credit unions. Includes developer portal, admin console, consumer permission dashboard, API documentation, managed third-party security and risk reviews, data access agreement services, and 24/7 high-touch support.
- [Secure Data Sharing](https://akoya.com/datasharing): How financial institutions connect to Akoya's network to securely share consumer-permissioned data with fintechs and aggregators via a single API integration. As a passthrough model, Akoya does not copy, store, or share customer credentials.
- [Regulatory Compliance / Section 1033](https://akoya.com/1033): Overview of CFPB Section 1033 of the Dodd-Frank Act, future compliance requirements for financial institutions, and how Akoya's Open Finance Solution addresses them.

## Fintech Solutions

- [Fintechs Overview](https://akoya.com/fintechs): Hub page for fintechs and data aggregators accessing consumer financial data through Akoya's network. 4,300+ financial institutions, 7,500+ apps, 100% API-based and OAuth-connected.
- [API Pricing](https://akoya.com/pricing): Pricing information for Akoya's fintech API products.

## API Products

- [Balances API](https://akoya.com/products/balances): Real-time account balance data including available balance, current balance, payment amounts, due dates, credit card rewards details, limits, and year-to-date interest. Covers bank accounts, credit cards, loans, and investments.
- [Customers API](https://akoya.com/products/customers): Verified identity data including name, email, and phone number sourced directly from financial institutions. No SSNs or sensitive data. Supports account opening, lending, and payment workflows.
- [Payments API](https://akoya.com/products/payments): Secure, user-permissioned ACH and Real-Time Payment (RTP) credentials. Tokenized identifiers and OAuth-based authentication. Supports account opening without micro-deposits.
- [Accounts & Investments API](https://akoya.com/products/investments): User-permissioned access to detailed holdings and positions of investment accounts. Designed for wealth management and financial advisory use cases.
- [Transactions API](https://akoya.com/products/transactions): Permissioned transaction data across multiple account types with up to two years of history. Includes enrichment features: merchant details, multi-level categorization, recurrence insights, and payment processor data.
- [Statements API](https://akoya.com/products/statements): Official PDF bank and investment account statements delivered via user-authorized flows. Up to two years of coverage across account types.

## Use Cases

- [Account Opening](https://akoya.com/use-cases/account-opening): Instant bank account verification for new account openings without micro-deposits. Uses Balances, Customers, and Payments APIs.
- [Personal Financial Management](https://akoya.com/use-cases/personal-financial-management): Secure multi-institution account aggregation for PFM apps. Real-time balances, transactions, and spending insights. Uses Balances, Accounts & Investments, and Transactions APIs.
- [Wealth Management & Investing](https://akoya.com/use-cases/wealth-management-and-investing): Connected portfolio data for wealth management apps and financial advisors. Holdings, positions, balances, and transactions across brokerages and institutions. Uses Balances, Accounts & Investments, and Transactions APIs.
- [Lending & Credit Enhancement](https://akoya.com/use-cases/lending-and-credit-enhancement): Consumer-permissioned financial data for credit decisioning, identity verification, fraud prevention, and underwriting. Uses Balances, Customers, and Transactions APIs.
- [Payment Enablement](https://akoya.com/use-cases/payment-enablement): Real-time account ownership verification and tokenization for ACH and RTP payment flows. Uses Balances, Customers, and Payments APIs.
- [Business Financial Management](https://akoya.com/use-cases/business-financial-management): Secure, permissioned access to business financial data across checking, savings, and credit accounts for cash flow monitoring and expense tracking. Uses Balances and Transactions APIs.

## Educational Content

- [What Is Open Finance?](https://akoya.com/what-is-open-finance): Comprehensive guide to open finance, including definition, how it works, difference from open banking, Section 1033 compliance, and Akoya's role.

## Developer Resources

- [Fintech API Documentation](https://docs.akoya.com/): Full API reference, guides, sample specs, test data, and SDKs for fintechs building on Akoya's network.
- [Data Recipient Hub](https://recipient.ddp.akoya.com/): Self-service developer sandbox. Create a free account to access test data and move to production.

## Optional

- [News](https://akoya.com/news): Press releases and media coverage.
- [Blog](https://akoya.com/blog): Articles, research, and commentary on open finance, Section 1033, API-based data sharing, and fintech trends.
- [Partnerships](https://akoya.com/partnerships): Information on Akoya's partner ecosystem.
- [Events](https://akoya.com/events/2025): Upcoming and past events featuring Akoya.
- [Open Finance Readiness Assessment](https://akoya.com/1033-readiness-assessment-and-cost-calculator): Self-service tool for financial institutions to assess their Section 1033 readiness level.
- [Terms of Use](https://akoya.com/terms-of-use): Legal terms governing use of akoya.com.
- [Privacy Policy](https://akoya.com/privacy-policy): Akoya's privacy policy and data handling practices.