Invela Accreditation

A first-of-its-kind, purpose-built framework for vetting third-party provider risk in open finance.

Integrating validated assessments performed by S&P Global, Invela Accreditation empowers financial institutions to make confident, evidence-based account access decisions – at scale.

Invela Accreditation also enables aggregators and third-party providers to complete one standardized accreditation to access many financial institutions, reducing both friction and the compliance burden.

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The Open Finance Ecosystem Faces Rising Threats

The open finance ecosystem faces rising threats; fraud, data breaches, unauthorized access, third-party provider impersonation, weak consent management, mobile app vulnerabilities, payment redirection & manipulation, and opaque third-party behavior – all leading to reputational damage and financial loss.

Financial institutions lack visibility as to the full range of entities accessing accounts, and they lack standardized tools to assess those aggregators and third-party providers. Meanwhile, aggregators and third-party providers must navigate duplicative, manual risk assessments for every financial institution – slowing innovation and increasing cost.

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Fraud
Data breaches & unauthorized access
Third-party provider impersonation
Weak consent management
Mobile app vulnerabilities
Payment redirection & manipulation
Opaque third-party behavior
Reputational damage
Operational risk
Financial loss

How Invela Accreditation Works

A side-by-side view of the accreditation process and why it matters for every participant in the Invela Network.

How Invela Accreditation works

Why it matters

Single, standardized, and transparent accreditation framework with robust controls, integrating validated assessments performed by S&P Global.

Provides a trusted, consistent foundation for ecosystem security and compliance.

Invela Registry leverages existing documentation and AI for scalable, efficient, and cost-effective processing.

Reduces operational friction and cost while maintaining rigorous standards.

Rigorous Know Your Business checks, information security reviews, and use-case validation.

Only legitimate, secure, and fit-for-purpose aggregators and third-party providers gain network access.

Human-in-the-loop assessors from S&P Global and Invela review critical documentation such as company registration, beneficial ownership, data privacy policies, and ISO certifications.

Guarantees depth and integrity in accreditation decisions through expert oversight.

Clear accreditation outcomes: full approval, conditional approval with remediation timelines, or rejection.

Provides financial institutions with transparent, evidence-based and objective rationale for account access decisions, and gives third-party providers clarity on areas for improvement.

Single accreditation enables aggregators and third-party providers to access multiple financial institutions.

Minimizes compliance burden and friction across the ecosystem.

Reassessment is annual or triggered by significant changes such as mergers, breaches, or business-model shifts.

Maintains up-to-date security posture and adapts to evolving risks.

Framework alignment with regulatory compliance and adaptability to evolving requirements.

Supports long-term ecosystem resilience and regulatory confidence.

Foundational security for confident financial data sharing among Invela Network participants.

Builds trust and safety across the open finance ecosystem.

Only legitimate, secure, and fit-for-purpose aggregators and third-party providers gain network access.

Account providers have less risk exposure, so consumers benefit from more frictionless protection.

Invela Accreditation in Summary

Invela Accreditation

Embedding validated assessments performed by S&P Global.

Open Finance-Specific Questions

Ensuring consistency, integrity and trust across the network.

Financial Institutions

Confidently scaling open finance with trusted partners.

Aggregators & Third-Party Providers

Confidently scaling efficient, resilient operations.

Ecosystem Resilience

Protecting all participants.

Consumers, Covered

Enabling frictionless protection and empowered participation.

Todd Taylor,

Co-Head of Intellectual Property and Commercial and Technology Transactions at Moore & Van Allen, has joined Invela as a strategic advisor. He is a highly skilled professional, recognized for his expertise in data privacy, security, third-party risk management, and technology-related transactions.

Todd’s extensive experience comes from his time as an in-house attorney at Bank of America, where he developed skills in technology licensing, supply chain management, risk management, and cross-border arrangements. His recognition by Business North Carolina as a Legal Elite in Intellectual Property, along with his listing in the IAM Patent 1000, highlights his legal proficiency and deep understanding of commercial strategies.

With a focus on data privacy and third-party risk serving, Todd is well-equipped to advise Invela on all aspects of Open Banking Risk Management. His role as a strategic advisor is invaluable to Invela, and we are fortunate to have him on board.

Dan Murphy

Strategic Advisor, Supporting Invela

Dan Murphy is the Founder of Sunset Park Advisors, Inc., and co-led the CFPB’s recent open banking initiatives, including the 1033 rulemaking and standard-setting processes. Before his role at the CFPB, Dan was the Policy Manager at the Financial Health Network, where he focused on consumer data rights, public benefits delivery, and various policy issues related to financial health and fintech. Before his position at the Financial Health Network, Dan held roles at the Milken Institute Center for Financial Markets, on Capitol Hill, and at the World Bank. The Brookings Institution has published his research, and he has been quoted in major media outlets, including CNBC, the Financial Times, and Politico, among others.

Dan currently serves as a strategic advisor to the Invela Leadership Team, offering valuable insights and guidance on consumer data rights, regulatory compliance, and other policy matters related to financial inclusion and fintech. He is also an active member of the Government Affairs and Strategy Committee, where he contributes to the development of Invela’s strategic direction and policy initiatives.

Marianne Sullivan

Independent Advisor, Invela Board of Directors

Marianne Sullivan is an accomplished executive leader and board director with over 30 years of experience in the financial services and fintech sectors. Known for her ability to define transformative strategies and reengineer business operations, she has a strong track record in driving profitability and scalable growth.

Marianne has worked with both startups and publicly traded companies, helping them align their business models with emerging technologies and customer needs, particularly in areas such as open banking and digital lending. She is recognized for her operational leadership and deep understanding of customer expectations and regulatory demands.

Her board experience includes roles at Pennymac Mortgage Investment Trust, Finicity (acquired by Mastercard), Ardley Technologies, CreditXpert, and Sagent Technologies. In these roles, she has made significant contributions to governance, strategic planning, and innovation-led growth, particularly by aligning business models with emerging technologies and customer needs.

Richard Cordray

Independent Advisor, Invela Board of Directors

Richard Cordray has been an innovative leader for over three decades in both the public and private sectors, including service at all levels of government. He has extensive background in a wide range of legal and financial services.

Richard was the first Director of the Consumer Financial Protection Bureau for six years, and was an ex officio member of the FDIC Board of Directors, the Financial Stability Oversight Council, and the Vice Chair of the Financial Literacy and Education Commission. He later served a three-year term as Chief Operating Officer of Federal Student Aid, which administers all grants and loans for higher education and manages the $1.6 trillion U.S. student loan debt portfolio. He previously served in elected office as the Ohio Treasurer and Ohio Attorney General.

As an attorney, Richard has argued seven cases before the U.S. Supreme Court, including as the first Solicitor General of Ohio and by special appointment from the U.S. Justice Department. His board and consulting work includes roles at Finicity (acquired by Mastercard) and Beneficial State Bank. He is the author of Watchdog, about the CFPB and its work to protect consumers.

Invela Accreditation

The Open Finance Ecosystem Faces Rising Threats

See Open Finance Risk Management in Action