FeezBack is a fintech company that utilizes advanced algorithms and machine learning to harness rich financial data, enabling financial institutions to enhance their product offerings. By facilitating open banking, FeezBack allows banks and fintechs to create personalized financial services that improve customer engagement and streamline operations.
Funding
$2.6M 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.
IFounders
Product
Problem
Financial institutions often struggle to leverage the full potential of financial data to create personalized and innovative products. Traditional methods of accessing and analyzing this data can be cumbersome, limiting the ability to enhance customer engagement and streamline operations.
Solution
FeezBack provides an open banking platform that enables financial institutions to harness financial data through advanced algorithms and machine learning. The platform facilitates the creation of personalized financial services, improving customer engagement and streamlining operational processes. FeezBack offers tools for consent management, data acquisition, data analysis and refinement, insights generation, and payment initiation. By providing a comprehensive suite of services, FeezBack empowers banks, credit card companies, insurance providers, investment houses, lenders, and fintech companies to offer advanced financial products and tailored customer experiences.
Target Audience
FeezBack primarily targets banks, credit card companies, insurance companies, investment firms, lending companies, fintech startups, retailers, and consumer clubs seeking to leverage open banking to enhance their services.
Features
- Consent management tool for creating and managing customer agreements in compliance with regulatory requirements
- Data acquisition infrastructure for retrieving information from financial institutions
- Data analysis and refinement product for processing raw data into valuable, customer-specific insights
- Insight generation and application development tools for creating actionable insights and new products
- Payment initiation infrastructure for enabling instant bank transfers