White paper: Financial Data Sharing Scheme

Financial Advisory

Holistic transparency in real time across all finances. Combined with our smart data analytics solutions, this results in countless benefits for customers as well as for sales organizations and advisors. From improving the financial situation to new sales potential.

Discover with BANKSapi how you can create a new customer experience and increase your sales success.

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Use cases

Financial Home

Dramatically increase the contact points with your brand and your services! A customer portal with Financial Home as an app or on the web bundles all financial services and self-services in one place. By integrating portfolios and mapping all other financial assets, you can consistently track your customers' wealth development – this creates relevance. Our solution is cost-effective, increases process efficiency and boosts your sales success.

Digital household book

Keep an eye on current income and expenses, optimize spending behavior with budgets, view contracts for recurring expenses and get tips on optimizing finances. With a digital household book, for example in a finance manager app, you can bind your customers to you and strengthen your position as a partner in financial matters.

Liquidity management

Forward-looking management of liquid assets and cash flow is an essential task for the commercial management of a company. Our analysis and forecasting tools help your business customers to keep an eye on the liquidity situation at all times and to optimize it. BANKSapi handles the account data retrieval automatically.

Digital insurance overview

We can automatically read existing insurance contracts from account transactions and prepare an overview for your customers. This saves your end customers effort and gives you the opportunity to make targeted suggestions for re-insurance based on the available data or to provide more efficient advice based on this data.

Broker mandate

The broker mandate is an important prerequisite for providing your customers with comprehensive support in all insurance matters. Not every contract can or should be converted – but you still want to be remunerated for your advisory services. With a conversion-optimized process, you can easily add contracts to your portfolio and increase your sales. For example, you can start and obtain the broker mandate fully digitally via app or web after the customer has carried out a contract scan of the account transactions.

Sales impulses

BANKSapi converts mere account transactions into knowledge and sales potential. This means you can find out promptly about changes in life circumstances (e.g. job change, marriage or birth of a child) or other changes in the risk situation. You automatically receive a sales trigger. This way you remain a caring and attentive partner at your customers' side and increase your sales turnover.

More use cases

Insurance gaps represent a risk for your end customers and a sales opportunity for you. A needs check records the insurance requirements based on personal living conditions, compares these with the existing insurance coverage and identifies any gaps. Use the knowledge gained in this way to make targeted offers to your customers. Integrate your needs check where it will bring you the most benefit.

To provide your customers with the best advice on all financial matters, it's crucial to have a comprehensive understanding of their financial situation and life circumstances. How much liquid assets, savings, or loans do they have? How well are the customers insured? What are their living conditions? Our solutions answer these questions, forming the ideal foundation for optimal financial advice.

A house needs to be properly insured. Ongoing expenses can become a significant burden in the event of occupational disability. Regular payouts can be reinvested. Our solutions provide a comprehensive picture of your customers and give you the necessary information to present suitable add-on offers.

As a financial advisor, your core task is to support your customers with suitable insurance and pension solutions when life-changing events occur. Our machine-learning-based account data analyses enable us to recognize events such as marriage, the birth of a child, a change in professional status or a jump in salary, alerting you to changes in your customers' risk situation at an early stage. This allows you to make suggestions for new products at the right time or adjust the conditions of existing products (“insurance that grows with you”).

Only financial advisors who offer their clients individually tailored solutions are successful in the long term. To provide such solutions, a detailed needs assessment is essential. Utilize our solutions to gain a comprehensive understanding of your clients and identify needs through data analysis.

We can extract valuable data and insights from your customers' account transactions. Use these to enhance your advisory quality and increase your sales success. Additionally, you can provide your customers with automated digital notifications, thereby reducing your sales efforts.

We understand that your digital frontends need to comply with your corporate identity guidelines. Therefore, our solutions are developed as white label products. This means we can flexibly adapt the UX elements – designs, logos, colors, fonts – according to your specifications.

With which
project may we
support you?

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We are your partner for Open Banking and Open Finance solutions. We would also be delighted to realize your idea or your specific project. Thanks to our many years of experience, we can also provide you with comprehensive advice.

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