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Aggreg8.io - Financial data aggregátor

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@Fintechshow - 2018.05.03.

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Aggreg8.io - Financial data aggregátor

  1. 1. aggreg8.io - Financial data aggregator May, 2018
  2. 2. • First automatic PFM in HungaryWyze – First automatic PFM in Hungary
  3. 3. Wyze Fintech Startup Studio – Project portfolio B2B2C Fintech App developer • CEE-focused PFM, bill payment, (micro)savings app-developer • Wyze.me PFM live since Aug’16 B2B2C Financial Data aggregator • CEE-focused aggregator • Datasource: Banking + other billing providers • First contracts signed Open banking innovation platform • Open ecosystem for cooperation between banks and fintechs • Reference implementation at MKB Bank Wyze Fintech Startup Studio END-CUSTOMER BANKS/BANKINGCOREOPERATION
  4. 4. Wyze Fintech Startup Studio – Project portfolio B2B2C Fintech App developer • CEE-focused PFM, bill payment, (micro)savings app-developer • Wyze.me PFM live since Aug’16 B2B2C Financial Data aggregator • CEE-focused aggregator • Datasource: Banking + other billing providers • First contracts signed Open banking innovation platform • Open ecosystem for cooperation between banks and fintechs • Reference implementation at MKB Bank Wyze Fintech Startup Studio END-CUSTOMER BANKS/BANKINGCOREOPERATION
  5. 5. Problem Fintechs and data consumers • face fragmented and complex financial-related data sources • waste time and money on non-core activities and create workarounds. PSD2 shall ease this situation, but will not settle all these problems. • different banking APIs are expected after PSD2; • non-banking data sources (utilities, etc.) will still stay without API after PSD2.
  6. 6. Data Aggregator Harvesting multiple datasources Comprehensive coverage (banks, utilities, etc.) Data Merger Single-format Standardization/ Normalization Data Enrichment Intelligence Services User-specific data enrichment Data source Data consumer Solution
  7. 7. Data sources Data consumers • Banks • Utilities • Current /Cash / Saving accounts • Debit/Credit cards • Loans • Etc. • Account aggregation • Account switching tools • Credit scoring / Risk management • Comparison services • Investing solutions • P2P payments • Subscription checks • Scan & Pay • User verification • Etc. Data Merger Data Aggregation Data Enrichment aggreg8.io Solution
  8. 8. Data sources Data consumers • Banks • Utilities • Current /Cash / Saving accounts • Debit/Credit cards • Loans • Etc. • Account aggregation • Account switching tools • Credit scoring / Risk management • Comparison services • Investing solutions • P2P payments • Subscription checks • Scan & Pay • User verification • Etc. Data Merger Data Aggregation Data Enrichment aggreg8.io How does it work?
  9. 9. • First automatic PFM in HungaryPotential use cases Auto-Categorization - PFM - Accounting Multi-aggregation -Billpayment app Invoice-matching - SME-invoicing Account Verification (e-KYC) - Customer onboarding Peer Groups - Recommendation engine Credit scoring -Personal loans - Commercial loans
  10. 10. • First automatic PFM in HungaryPFM usecase
  11. 11. Sales support usecase
  12. 12. Bookkeeping support usecase
  13. 13. Credit scoring usecase
  14. 14. Online invoicing usecase
  15. 15. Online invoicing usecase
  16. 16. • First automatic PFM in HungaryBill payment app usecase
  17. 17. Current status
  18. 18. aggreg8.io – Current status • 10 Hungarian retail banks (client-side => server-side move by Q2/2018) • 7 Hungarian utility providers (server-side scraping) • International: Romanian scraper-development has started IT Development status Business Development status Team & seed investor • Already contracted deals in Hungary (soon in public) • Bill payment app • Online invoicing softwares, Multibank PFM • Credit scoring use case with bank and non-bank partner • Current headcount: 12 (Wyze Startup Studio - incl. management and senior developer team) • Aggreg8.io Seed investor: BNL Start (ex-IND team)
  19. 19. Next steps • Ongoing AISP license application at MNB • Changing client-side scraping to server-side data aggregation • Allowed under PSD2 • Significantly better UX • Available from May 2018 • AISP license-as-a-service solution • Licensed AISP-partners: Technical provider • Non-licensed AISP-partners: Technical solution + License-as-a-service Regulatory Technical Business development
  20. 20. György Mudri CEO @ aggreg8.io w www.aggreg8.io e gyorgy.mudri@aggreg8.io m +36-70/949-9795 Financial data aggregator service in CEE

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