TurnkeyIO offers a comprehensive Open Banking Data Holder platform that simplifies regulatory compliance for financial institutions. The platform provides secure, end-to-end data aggregation and APIs to meet Consumer Data Rights (CDR) legislation, enabling seamless data sharing and access.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face significant challenges in complying with Open Banking regulations and capitalizing on the associated data-sharing opportunities. Navigating complex mandates, ensuring secure data aggregation, and integrating with existing systems requires specialized expertise and robust infrastructure.
Solution
TurnkeyIO provides a comprehensive Open Banking Data Holder platform designed to streamline regulatory compliance and accelerate the adoption of data-sharing initiatives. The platform facilitates secure, end-to-end integration and data aggregation, enabling financial institutions to meet Consumer Data Rights (CDR) legislation requirements. TurnkeyIO's solutions are hosted on Microsoft Azure and continuously updated to align with evolving standards, ensuring ongoing compliance and the ability to leverage new data-sharing opportunities. The platform offers a single point of access for both sharing internal product data and retrieving data from other accredited data holders.
Target Audience
The primary customers are financial institutions, including banks and other regulated entities, seeking to comply with Open Banking regulations and enhance their data-sharing capabilities.
Features
- End-to-end Open Banking Data Holder platform hosted on Microsoft Azure.
- APIs for Product Data and Consumer Data Requests, including dedicated developer portals.
- Consent Dashboards for both customers and data holders to manage data access permissions.
- Reporting and Monitoring APIs for tracking data exchange and platform activity.
- User-friendly console for managing product datasets in compliance with CDR requirements.
- Secure platform utilizing Azure Active Directory and Azure Services for robust access control.
- Automated updates to ensure adherence to regulatory standards and rules.
- Modular platform architecture enabling flexible integration with existing channels and APIs.
- Data Hub Suite for integration with other data holders and service providers.