Secure. Innovative. Future-Ready.
Reduce risk, improve customer experiences, and stay ahead of evolving regulations — all while positioning your institution to lead in the next generation of secure, customer-centric digital financial services.
Open finance is non-negotiable
Financial institutions relying on outdated credential-based access face rising security risks, growing system strain, and accelerating customer attrition. Without modern open finance solutions, they struggle to deliver the secure, seamless experiences today’s customers increasingly expect.
Financial impact
Without modern open banking APIs, fintechs resort to outdated methods like screen scraping, which rely on credential sharing and increase the risk of compromise.
The average total cost of a financial data breach breach is now at 4.88 million. (IBM, 2024)
Customer impact
Customers expect easy, secure access to their financial data. Without open finance, frustrated customers may switch financial institutions to find more modern, secure, and easier to use experiences.
25% of customers switched banks last year in search of better digital experiences. (Salesforce, 2024)
Infrastructure impact
Without a secure open finance solution, financial institutions often see thousands of bot logins per customer per month, overwhelming legacy systems and leading to service disruptions.
Up to 51% of a bank’s online traffic can come from bots and screen scraping. (Imperva, 2025)
How Akoya helps financial institutions
Akoya empowers financial institutions to modernize data access with a secure, API-first platform that does more than meet regulatory requirements — it transforms how you serve your customers. By giving consumers control, ensuring transparency, and eliminating outdated systems, Akoya helps you mitigate risk, drive efficiency, and unlock new opportunities for growth and innovation.
Give customers control and transparency
Akoya’s Open Finance Solution gives consumers full control and transparency over their data sharing. Through secure, API-based connections and white-labeled consent tools, financial institutions can empower users to view, manage, and revoke data access at any time.
Data activation
Beyond compliance, Akoya empowers financial institutions with enhanced insights into their customers' data sharing practices for better analytics, smarter decision-making, and accelerated product innovation. With unified, API-accessible data across your ecosystem, you can unlock new use cases like personalized offers, enhanced credit models, and embedded finance experiences — all while keeping the focus on the consumer.
Third-party management
Akoya handles the heavy lift of onboarding, vetting, and managing third-party data recipients. We conduct ongoing security and risk assessments, manage data access agreements, and provide centralized support to reduce operational complexity. Our framework ensures your institution can maintain strict oversight of external parties, protect consumer data, and mitigate reputational and regulatory risks.
Future-proof compliance
Akoya’s turnkey solution is designed to meet current regulatory requirements, as well as allowing financial institutions to adapt to future challenges and evolving standards. Our platform ensures consumer-directed, transparent, and secure data sharing practices, helping financial institutions avoid costly retrofits while building a future-ready open finance strategy that strengthens trust and brand reputation.
Give customers control and transparency
Akoya’s Open Finance Solution gives consumers full control and transparency over their data sharing. Through secure, API-based connections and white-labeled consent tools, financial institutions can empower users to view, manage, and revoke data access at any time.
Let Akoya manage the heavy lift
Akoya can handle the ongoing effort of managing third parties with ongoing risk reviews and contractual obligations for all data recipients based on your specific requirements and policies. Our fast and flexible approach reduces onboarding time while maintaining high security standards.
Managed security and risk reviews
Akoya will collaborate with financial institution risk teams to validate the risk assessment methodology, questionnaire coverage, risk tiering, and evidence collection. This ensures alignment with financial institutions’ compliance and security standards. Once certified, third-parties are eligible to request and receive covered data.
Data access agreement services
We administer a self-service contracting process on the financial institution’s behalf with full compliance assured. Our team partners with financial institutions to structure and draft agreements, leveraging best practices and standardized templates.
24/7 high touch support
Akoya's developer portal comes with an integrated support center, available 24/7 to all third parties used for basic troubleshooting, incident response, security and risk review help, and general queries. We promptly address incidents to minimize downtime and ensure quick recovery.
Akoya's Open Finance Solution
Developer Portal
Third parties can easily discover, test, and connect to your financial institution through a fully compliant, white-labeled developer portal. With self-service sign-up, access to standardized APIs, documentation, and a robust sandbox, data recipients can integrate quickly and securely.
- Secure, updated, access to FDX-compliant, standard and premium APIs
- Flexible implementation models, made to fit your unique tech stack
- Fully integrated support center
Admin Console
Financial institutions can seamlessly manage all third parties — reviewing due diligence, tracking contracts, monitoring support activity, and maintaining audit logs — from one secure, centralized platform. Gain visibility, reduce risk, and streamline oversight with ease.
- Built-in reporting to meter API usage, user volume, performance, and support tickets
- Easily manage all third parties
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Insights into data sharing practices = providing opportunities for customer enhancements
Consumer Permission Dashboard
API-powered, white-labeled dashboard for consumers to visualize all the third parties they’ve authorized to access their data, broken down by each third-party app. Ability for consumers to review, add, and easily revoke consent at any time, directly from the financial institution’s mobile or online banking platform.
API Documentation
Ready-to-use, white-labeled documentation tailored to your financial institution’s brand. Akoya provides everything developers need — including branded guides, sample specs, test data, and test users — to ensure a fast, seamless, and secure onboarding experience.
Financial institutions trust Akoya
