LUXHUB provides an Open Banking API platform that enables financial institutions to efficiently comply with regulatory standards while accessing enriched user account data. This solution facilitates seamless integration for account aggregation, payment initiation, and real-time data analysis, enhancing service offerings in the evolving financial landscape.
Funding
$8.1M 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 face challenges in complying with evolving Open Banking regulations while simultaneously seeking to leverage enriched user account data for enhanced services. Integrating with multiple data sources and adhering to security standards can be complex and resource-intensive.
Solution
LUXHUB offers an Open Banking API platform that streamlines regulatory compliance and facilitates secure access to enriched user account data. The platform enables financial institutions to efficiently meet PSD2 and other regulatory requirements through a unified technical solution. It provides seamless connectivity for account aggregation, payment initiation, and real-time data analysis, empowering institutions to develop value-added services and improve customer experiences. LUXHUB's platform fosters collaboration between traditional institutions and fintech innovators, accelerating the development and monetization of new financial products.
Target Audience
The primary target audience includes banks, financial institutions, and fintech companies seeking to comply with Open Banking regulations and leverage enriched financial data.
Features
- XS2A compliance solution adhering to Regulatory Technical Standards of PSD2
- ONE CONNECT: Unified API for accessing account information and aggregating financial data
- ONE PAY: Enables embedded, secure, and low-cost payment initiation
- ONE DATA+: Provides real-time data access for building value-added services
- Marketplace: Collaborative platform connecting financial institutions with fintech companies
- Developer Portal: Access to PSD2 APIs and related documentation