Business Financial Management

Enable businesses to integrate bookkeeping, projections, financial statements, financing, and more across their financial institutions.

Try our APIs

Graphic depicting business financial management consolidated view of transactions

Give businesses the ability to aggregate all their financial accounts in one place

Businesses increasingly want to manage their finances within a unified interface that enables them to view balances, initiate payments, allocate capital, and more. Fintechs that want to provide this service need to access business account data from a variety of financial institutions and present the collated account details to the user.

With Akoya’s APIs for business banking, businesses can securely share their data (such as account balances, transactions, assets, and debts) with fintech apps using their financial institution’s existing online portal.

The fintech apps can then use the data to provide services related to tracking spending patterns, budgeting and saving, debt reduction, and more.

That means businesses can benefit from streamlined back-office operations, improved data aggregation across functions, and improved views of their finances holistically — without the risks associated with screen scraping.

Note: Business financial management does not relate to taxes or money movement.

How it works

Graphic depicting integrated finances fintech

Graphic depicting selection of financial institutions or banks

Akoya redirects consumer to their bank to authenticate

Graphic depicting the process of identity verification and bank authorization step by step

Akoya redirects consumer to their bank to authenticateScreen

Graphic depicting sign in for bank or financial institution

Akoya redirects consumer back to fintech app

Graphic depicting success page on fintech app

Akoya establishes data flow

Graphic depicting the fintech operating as intended with the example of balances and expenses paid per bank account

Akoya establishes data flow

Testimonials

“After one seamless integration onto Akoya, we are now able to authorize direct connections with data aggregators and fintechs that will use the Akoya Data Access Network. The data recipients that the customer authorizes to connect to their U.S. Bank account through Akoya will receive authorized and permissioned access to U.S. Bank customer data, all while giving consumers the confidence that their data is safe and secure.”

Gareth Gaston EVP & Chief Digital Officer, Enterprise Platforms & Capabilities, U.S. Bank

“We recognize how important it is for our customers to be able to use the financial applications of their choice in a safe and secure manner. Akoya’s capabilities help us meet the data sharing needs of our customers as well as data aggregators, data providers and other third parties, in line with evolving industry standards. This is good for our business, good for our customers and good for the industry.”

Bill Demchak Chairman, President, and CEO, PNC

“We chose Akoya’s network to enable our customers to share their financial data. Akoya’s pass-through solution is efficient and is designed with data privacy and data minimization in mind. Akoya’s end-to-end management of the contracting process, streamlining of the onboarding and risk management processes, and operational efficiencies significantly accelerate our implementation timelines.”

Figen Ceceli SVP, Head of Data Aggregation Product, Fidelity Investments