Meniga

Open Banking continues to transform the financial services landscape

Open Banking is creating an intensely competitive environment, pushing the market towards innovation and customer centric solutions like never before

bn

Valuation of Open Banking in 2023, expected to grow at a CAGR of 22% between 2024 and 2032
2023 Global Market Insights

Fintechs have entered the payments space due to Open Banking accessibility
BCG: 2024 Global Payments Report

%

Year-on-year growth of open banking payments between 2023 and 2024

2024 Open Banking Impact Report

Transform your bank into a one-stop-shop for all personal finances

Combine Open Banking, external data and internal data to offer customers a holistic overview of their finances

Data Consolidation

Meniga consumes internal and external financial data across any bank, country, and currency.

Our technology is extremely flexible and can be configured to support specific business logic and requirements. Data is processed in real-time, and is normalised and standardised to make it readily available to the bank’s digital channels through Meniga's RESTful API.

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Open Banking connectivity

Meniga provides the connection to many world-leading open banking aggregators, removing any hassle from the process

  • Extensive experience of working with and managing Open Banking providers
  • Standard connectivity through pre-built connectors
  • PSD2 compliant Payment Initiation Services
  • Full support for consent management
  • Seamless integration and flexible deployment

Reap the rewards of Open Banking

Banks and financial institutions have invested millions to comply with open banking, but only a select few are currently seeing a return on this investment

Increase market share

Become the primary bank of choice by offering all financial data in your app and outperform competitors with superior offers

Amplify customer insights

By ensuring access to all customer data, you can create new revenue streams by hyper-personalising product offers

Gain deposits

Drive savings deposits to your bank with personalised insights or gamified savings linked to an external account

Example
Spot when customers are gaining less interest with a competitor bank and offer them better rates

Example
Before you push out a product offer to a customer, ensure that they do not have said product with another bank

Example
Invite customers to set up automatic transfers to your savings account, linked to an external account