White paper: Financial Data Sharing Scheme

Insurance

Give your customers a holistic 360° view of their financial life. Or increase the frequency of contact with your customers by integrating banking functions into your customer portal. We also help you directly identify sales potential.

Discover with BANKSapi how you can create inspiring customer experiences and increase your existing customer penetration.

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Use cases

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, you can create everyday relevance with your customer portal, 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 for your customer portal help your business customers to always keep an eye on their liquidity situation and to optimize it. BANKSapi retrieves the account data required for this fully automatically in the background.

Digital Insurance Overview

From account transactions, we can automatically read existing insurance contracts, including those of third-party companies, and prepare them clearly for your customers. This can be done either as a separate application or embedded in your customer portal. This saves manual entry work and gives you the opportunity to make targeted suggestions for re-insurance based on the available data or to provide advice even more efficiently based on this data.

Sales Trigger

BANKSapi converts mere account transactions into knowledge and sales potential. This means you will be informed promptly of changes in life circumstances (e.g. job change, marriage or birth of a child) or other changes in the risk situation. You will automatically receive a sales trigger. This way you remain a caring and attentive partner at your customers' side and increase your sales turnover. You can do this, for example, with a customer portal including multi-banking function or with an easily embeddable micro-frontend powered by BANKSapi.

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. Integrated online banking makes your application relevant to everyday life. We deliver a cost-effective solution that increases process efficiency and boosts your sales success.

Insurance Folder & Contract Manager

In a digital insurance folder including contracts from third-party companies, you can show your end customers all insurance contracts with a variety of characteristics and forms of presentation – this is what our flexible data model and our adaptive frontend (for example as a financial home, personal finance management tool or customer portal) are designed for. In addition, you can use our frontend solutions to map contract and partner-based business transactions. This improves the customer experience and reduces your process costs.

Weitere 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 gaps. Use the knowledge gained in this way to make targeted offers to your customers. Integrate the needs check where it will bring you the most benefit.

As an insurance company, 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, for example, marriage, the birth of a child, a change in professional status or a jump in salary, thus alerting you to changes in your customers' risk situation at an early stage.

Get to know your customers or prospective customers better with our account analyses. We provide you with socio-economic and demographic characteristics that enable targeted sales approaches, tailored product suggestions or accurate risk analyses – e.g. in pre-sales as a standalone application (e.g. as a financial report) or in after-sales (e.g. as a multi-banking function embedded in your customer portal).

What standard of living can your customer afford in retirement? Is your customer adequately protected against occupational or health risks? With the help of bank and other financial data, we help you answer these types of questions for your customers and make suitable product and optimization suggestions

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.

It is not only the quantity, but above all the quality of marketing and sales activities that determine their success. A decisive factor here is to address the right customers with customized content and offers. We help you do this with our propensity-to-buy analyses based on account data.

By accessing online banking data, as a regulated and authorized account information service we can securely identify end customers in a fully digital process within a few seconds. This allows you to comply with strict regulatory requirements, save process costs and start the customer relationship immediately with a positive experience – without inconvenient and expensive offline processes or media disruptions.

On our platform, you can display sales funnels incl. check-out in a responsive design for different screen sizes. Thanks to an adaptable architecture, our solution can be flexibly integrated into your system landscape. You can also have us initiate payment processing or direct debits directly – we have the necessary authorization as a payment initiation service and can supply the payment module at the same time.

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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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