The startup offers an AI-driven platform that processes and enriches customer data to generate real-time insights for financial services and loyalty programs. By utilizing advanced data analytics and pattern recognition, the platform enables companies to understand consumer behavior and identify opportunities for improvement in their financial operations.
Funding
$750K 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
Financial institutions and other businesses often lack direct access to comprehensive and real-time customer financial data, making it difficult to accurately assess risk, personalize services, and streamline processes. Traditional methods of gathering this information are often cumbersome, time-consuming, and reliant on outdated documentation.
Solution
EnableNow provides an Open Banking platform that enables businesses to securely access and analyze customer banking transaction data. By leveraging PSD2, the platform offers direct insight into a customer's financial situation, including net income, expenses, and spending patterns. This data is standardized and categorized, allowing for enhanced data enrichment, pattern recognition, and risk analysis. The platform facilitates real-time credit acceptance, personalized marketing, and customized payment arrangements, improving both customer experience and operational efficiency.
Target Audience
EnableNow targets financial institutions, lending companies, debt collection agencies, factoring companies, leasing companies, and crowdfunding platforms seeking to leverage Open Banking for improved customer insights and streamlined processes.
Features
- Secure access to customer banking transactions via Open Banking (PSD2)
- Automated categorization of transaction data for enhanced insights (e.g., salary, utilities, insurance)
- Real-time income verification, including identification of all income sources
- Expense analysis to identify fixed costs, spending habits, and debt obligations
- Pattern recognition to identify recurring income and expenses
- Risk analysis to assess repayment capacity and willingness
- API documentation available for integration into existing systems