Epiphany provides a platform for open banking that enables banks to achieve digital transformation through account aggregation and instant mobile payments using a single API. Their solutions address the complexities of PSD2 compliance, enhancing operational efficiency and customer experience in the digital banking sector.
Funding
Funding not disclosed
Founders
Product
Problem
Banks face challenges in achieving digital transformation due to the complexities of integrating various financial services and complying with regulations like PSD2. Siloed systems and a lack of standardized APIs hinder the efficient aggregation of account information and the implementation of instant mobile payments.
Solution
Epiphany provides a unified platform, Epiphany ONE, that enables banks to achieve digital transformation through open banking APIs. The platform simplifies account aggregation, allowing customers to view multiple accounts through a single interface. Epiphany also offers InstaPAY, a one-click mobile payment solution that leverages open banking APIs for seamless and secure transactions. By providing a reliable and cost-effective solution, Epiphany removes the challenges associated with PSD2 compliance, enhancing operational efficiency and improving the customer experience in the digital banking sector.
Target Audience
Epiphany targets banks and financial institutions seeking to modernize their digital banking services and comply with open banking regulations.
Features
- Account aggregation through a single API for a consolidated view of customer accounts.
- InstaPAY: One-click mobile payments and loyalty scheme processing using Open Banking APIs.
- PSD2 compliance solutions to address regulatory challenges.
- FSI Marketplace and Platform for Open Finance.