Invela is the first-of-its-kind open finance risk management network that infuses trust and confidence across the ecosystem through standardized accreditation, dynamic risk monitoring and insurance-backed warranty.

Open finance has fundamentally reshaped financial services, yet a critical confidence gap in risk management continues to limit its full potential.

Across the ecosystem, participants are searching for a solution: banks and credit unions face fragmented risk visibility and escalating third-party liability, as well as resource-intensive oversight and associated costs. Aggregators and third-party providers struggle with operational risks and cost burdens.

Invela is the bedrock open finance risk management network — providing the foundation for efficiency, resilience, and richer, more personalized financial services across banking, payments, insurance, and wealth.

Traditional vendor onboarding and Know Your Business solutions offer static, point-in-time checks. Invela provides a complementary, dynamic, ongoing and near real-time risk management framework tailored to open finance. Our solution combines standardized accreditation with continuous risk indicator monitoring, plus an insurance-backed warranty which shifts liability to those parties introducing risk.

Transaction-level tools focus on payments, omitting data and therefore failing to capture the full risk profile. Invela’s entity-level approach monitors structural indicators like complaints, fines, and behavioral anomalies across consent flows and authentication rates – providing a multidimensional view of risk that supports proactive governance.

• Account Providers – banks, credit unions, and building societies.
• Access Aggregators – intermediaries.
• Technology Service Providers – entities serving financial institutions.
• Data Recipients – fintechs delivering data and deliver payments use cases.

Together, these entities serve Account Holders; end consumers and businesses.

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.

The open finance ecosystem faces rising threats from fraud, data breaches, and opaque third-party practices – 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.

S&P Global delivers rigorous, financial-grade assessments conducted by experienced professionals from S&P Global’s KY3P/Trusight team, which evaluate each third-party provider’s cybersecurity, business continuity and operational resilience. Once validated, these assessments are integrated into Invela’s own analysis, which includes Know Your Business checks, information security reviews, and open finance-specific criteria such as use case validation. The result is the Invela Accreditation: a clear, trusted signal that a third-party provider meets the standard for secure financial data access and is eligible to join the Invela Network.

The process is designed for depth and efficiency. A well-prepared third-party provider can complete all the questions in 1-2 days, after which their answers are reviewed by Invela using validated assessments performed by S&P Global. Reaccreditation occurs annually or upon material changes like mergers, or business model shifts.

Financial institutions and aggregators can invite their third-party providers via the Invela Registry. Bulk invitations are also supported.

Risk Indicator delivers continuous, near real-time monitoring and dynamic risk scoring of third-party providers – purpose built to safeguard the open finance ecosystem. Transparent, actionable insights empower financial institutions and aggregators to make informed decisions, maintain open finance ecosystem integrity, and manage compliance costs. Third-party providers receive guidance on where to make improvements to strengthen their risk indicator score.

Open finance ecosystems face rising threats from fraud, data breaches, and opaque third-party behavior – leading to reputational damage and financial loss. Financial institutions and aggregators lack robust, near real-time tools to assess and manage risk across a growing network of third-party providers. Meanwhile, aggregators and third-party providers must navigate fragmented oversight, increasing operational burden and uncertainty.

Invela Risk Indicator provides dynamic risk scoring and continuous, near real-time monitoring. Scores incorporate external data (e.g. financial health, dark web intelligence), volumetric analysis, and behavioral signals. Financial institutions receive alerts when a third-party provider’s risk score falls below their pre-set thresholds. Alerts, and supporting insights, give financial institutions the evidence required to support decisions to restrict account access, and to re-instate it once issues are resolved. Third-party providers can view their own score, encouraging self-governance.

Third-party providers are alerted early and given a chance to remediate – the goal is to support resolution before escalation. In urgent cases (e.g. data breach) Invela notifies financial institutions and relevant aggregator(s) immediately.

Full risk scoring requires network participation – refusal to participate may itself be a risk indicator.

Invela Warranty is our promise to materially reduce the risk in interactions between financial institutions and third-party providers. We do so by standing by our services and offering a warranty that covers financial institutions in the case of material data breaches at one of the entities that possesses the financial institution’s data. As such, the Invela Warranty is fully incremental to the typical cyber cover already held by the financial institution.

In combination with Invela Accreditation and Invela Risk Indicator, Invela Warranty shifts economic responsibility to the parties introducing risk. Our Warranty promise will guarantee payment in the event that a warranty payout is triggered. This creates proportional accountability, enabling fairer liability allocation and infusing trust and confidence across the open finance ecosystem.

We evaluate how aggregators and third-party providers use AI: What AI systems are they running? What data flows through those systems? What governance do they have in place? How does AI usage affect the risk they present?

We do this because third-party providers spin up and down quickly. As they adopt AI, the risk surface changes constantly. Traditional third-party relationship management doesn’t capture this.

Invela’s AI principles:

• Grounded in evidence – every AI output references live data; public records, research, or customer documents. No hallucinations.
• Human-in-the-loop – anomalies and critical decisions automatically escalate for human review.
• Self-assessment – AI rates its own confidence, flagging variance outside acceptable thresholds.
• Data isolation – complete separation between customer environments. No cross-pollination.

Today, banks, credit unions and building societies face rising demand for third-party connections, driving higher operational overhead and increasing third-party risk. In absence of robust yet proportional third-party risk management programs, opportunities are missed, anomalies go undetected, objective evidence is missing, and responses to breaches and cybercrime are delayed.

Many institutions are completely blind to the level of risk they absorb, as they do not have visibility on where exactly their customers’ data is going. Furthermore, without a mechanism for offsetting liability, financial institutions bear full responsibility for consumer harm – heightening both financial exposure and reputational damage.

Invela delivers scalable operational efficiency and resilience.

• Faster onboarding, reduced costs – of trusted aggregators and third-party providers via a single, standardized accreditation, optimized for open finance, which frees up resource and avoids incremental hires
• Service acceleration – via access to network of accredited aggregators and third-party providers
• Improved risk detection – via near real-time risk intelligence detecting and flagging anomalies, enabling better understanding of the risk associated with different aggregators and third-party providers, and how that risk is changing, in near-real time.
• Stronger risk management – reduced exposure to data breaches and other cybercrime via alerts sent when selected risk appetite thresholds are breached.
• Enhanced liability protection – through objective, auditable accreditation and risk indicator scoring – plus insurance-backed warranty should harm occur

Today, aggregators face a fragmented and inefficient accreditation environment. Each financial institution applies bespoke standards, forcing duplicated effort, higher costs, and inconsistent compliance burdens.

The strategic consequences are equally significant. Delayed partnerships with financial institutions and third-party providers erode time-to-market. Elevated compliance and onboarding demands drain resources from innovation, and growth, while the absence of shared infrastructure prevents economies of scale and keeps costs high.

Invela delivers scalable operational efficiency and resilience.

• Single application, multiple institutions – access all financial institutions on the Invela Network via a single, streamlined, standardized accreditation optimized for open finance
• Faster time to market – accelerate partnerships with financial institutions and third-party providers
• Focus on growth – free up resource via efficient onboarding of third-party providers
• Increase resilience – reduce the potential for financial institutions to switch off aggregator account access
• Stewardship – demonstrate good stewardship of the open finance ecosystem

Today, third-party providers face fragmented, duplicative accreditation processes across multiple financial institutions and aggregators.

The absence of risk benchmarking data further reduces the ability to identify performance improvements.

Invela delivers scalable operational efficiency and resilience:

• Single application, multiple institutions – access all financial institutions and aggregators on the Invela Network
• Scalability & operational efficiency
• Faster time to market
• Fix issues fast – with near real-time insights
• Increase trust – participation in bank-endorsed network

How does Invela support compliance with prudential regulation?

Invela provides evidence-based recommendations which enable participants to act consistently, proportionately, and in line with regulatory expectations.

How does Invela fit with the UK government’s regulated approach?

Invela supports Smart Data’s growth in by aligning with the Financial Conduct Authority, the Payment Systems Regulator, HM Treasury, the Department for Business & Trade, and the Department for Science, Innovation & Technology to enable a joined-up industry approach on open finance risk management.

How does Invela align with the UK’s Data Use and Access Act?

The Act lays the foundation for a Smart Data economy built on consumer empowerment, innovation, and public benefit. Invela’s Open Finance Risk Management solution supports this ambition through scalable, industry-led defences.

How does Invela support Consumer Duty obligations?

Consumer Duty requires financial institutions to protect customers. Invela provides evidence-based risk indicator scores that justify account access restrictions – even for regulated third-party providers – when material risk is present. This helps financial institutions balance consumer duty with account access.

How does Invela handle unregulated TPPs (4th, 5th, nth parties)?

Invela surfaces risks from unregulated actors by tracking complaints, fines, and ecosystem behaviour. This helps financial institutions manage exposure beyond regulated entities and strengthens overall open finance ecosystem integrity.

How is Invela adapting to Canada’s regulatory approach?

Invela is closely tracking Canada’s evolving Consumer-Driven Banking legislation and regulation. Our model is designed to align with Canada’s emphasis on consumer empowerment, innovation, competition, and public trust.

The US is the world’s largest market-driven open finance ecosystem.

The UK has led the world in regulated open banking.

Canada’s consumer-driven banking ecosystem stands at a critical inflection point.

• Strategic advantage: avoiding risk exposure
• Reputational advantage: positioning as ecosystem leaders
• Operational advantage: input into accreditation and monitoring parameters
• Negotiating advantage: preferential commercial terms