Onemoney provides a consent management platform that allows consumers to control their financial data while enabling financial institutions to securely request and share this data through APIs. By facilitating user consent for data access, the platform enhances privacy and compliance in the Open Banking ecosystem.
Funding
$3.5M 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 securely accessing and sharing consumer financial data while adhering to privacy regulations. Consumers lack control and transparency over how their financial data is accessed and used by various organizations.
Solution
Onemoney provides a consent management platform that empowers consumers to control their financial data and enables financial institutions to securely request and share this data through APIs. The platform facilitates user consent for data access, enhancing privacy and compliance within the Open Banking ecosystem. Consumers manage their consents through native apps and responsive web applications, while enterprises can embed these user journeys into their digital applications using integration toolkits. The platform ensures that financial institutions request data for a specific purpose and time-period, with consumers able to grant, pause, or revoke consent at any time.
Target Audience
The primary users are consumers seeking control over their financial data and financial institutions aiming to securely access and share consumer data while adhering to privacy regulations.
Features
- Native apps and responsive web apps for consumers to manage their consents.
- APIs for financial institutions to request customer data with specific purpose and time-period.
- Integration toolkits for enterprises to embed user journeys into their digital applications.
- Consent management features allowing consumers to grant, pause, or revoke consent.
- End-to-end data encryption for secure data sharing.
- Does not store customer's banking credentials or analyze their financial data.