The startup offers a data management platform that automates the secure processing of information, enabling users to exchange private data between individuals, businesses, and financial institutions while adhering to compliance standards. This solution significantly reduces onboarding and financial product closing cycles, enhancing the efficiency of commercial, legal, and risk processes.
Funding
$6.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses and financial institutions face challenges in efficiently and securely exchanging private data while adhering to various compliance standards. Traditional methods often involve lengthy onboarding processes and slow financial product closing cycles due to manual data processing and verification.
Solution
Datamart provides a data hub that automates the secure processing and exchange of private information between individuals, businesses, and financial institutions. The platform empowers users to control their data, granting permission for specific uses and maintaining transparency over who accesses their information. By streamlining data acquisition and validation, Datamart reduces onboarding times and accelerates financial product closing cycles. The solution offers various integration methods, including APIs, widgets, and SDKs, to seamlessly incorporate data flows into existing systems. Datamart adheres to a compliance-by-design methodology, ensuring that data handling practices meet stringent regulatory requirements.
Target Audience
Datamart primarily serves financial institutions, insurance companies, and businesses that require efficient and compliant access to private customer data for onboarding, risk assessment, and service delivery.
Features
- Secure data exchange platform for individuals, businesses, and financial institutions
- Automated processing of private information, including tax, financial, and identity data
- Consent-based data sharing with granular control over data usage and access
- Real-time data availability for dynamic and user-friendly contracting experiences
- Integration options via API (GraphQL standard), widgets, and SDKs
- Compliance-by-design methodology adhering to strict regulatory standards
- User dashboard for tracking data sharing permissions and history
- Support for various use cases, including personal finance management, wealth management, KYC processes, and supplier risk assessment