Third-party providers face rising risks
Open finance has fundamentally reshaped financial services and introduced new risks.
Third-party providers face growing issues
Third-party providers need a risk management network
Third-party providers face fragmented, duplicative accreditation processes across multiple financial institutions and intermediaries. Each entity applies different standards, driving higher operational overhead and weakening resilience. Instead of a single, standardized application, third-party providers must complete multiple bespoke accreditations – slowing access and increasing costs.
The consequences extend directly to market performance and growth. Slower partnership formation delays product launches and market entry, while competitors accelerate integrations and capture ecosystem share. Onboarding and compliance demands drain resources from innovation and leave costs climbing ever higher.
The absence of risk benchmarking data further reduces the ability to identify performance improvements. Critical resilience and issue resolution are also compromised. Without near real-time risk intelligence and human-in-the-loop feedback, third-party providers face sudden account access revocation, delayed problem-solving, prolonged service disruptions, and reputational harm.
Invela delivers risk managment and scalable operational efficiency and resilience
Single application, multiple institutions
Access all financial institutions and intermediaries on the Invela Network via a single, streamlined, standardized accreditation optimized for open finance.
Faster time to market
Accelerate partnerships with financial institutions and intermediaries.
Focus on growth
Free up resource via efficient onboarding and by utilizing Invela’s risk indicator monitoring, reduce costs via economies of scale and via discounted network access fees upon sustained maintenance of positive risk indicator scores, make improvements via access to Invela’s benchmarking and insights.
Fix issues fast
With near real-time insights and actionable feedback from human-in-the-loop assessors.
Increase resilience
Reduce potential for financial institutions and intermediaries to switch off account access, as proactive action is enabled via dynamic, near real-time risk visibility into accreditation status and risk indicator score.
See Open Finance Risk Management in action
