Unnax provides a single API for bank aggregation, payment initiation, and identity verification, enabling financial institutions and fintechs to automate their onboarding and payment processes. This platform simplifies access to financial data and facilitates real-time payments, addressing the complexities of regulatory compliance and operational efficiency in the financial services sector.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions and fintechs face challenges in streamlining onboarding processes, accessing financial data, initiating payments, and ensuring regulatory compliance across different regions. Integrating these functionalities often requires multiple APIs and complex integrations, leading to increased costs and operational inefficiencies.
Solution
Unnax offers a unified Open Finance and Embedded Banking platform that simplifies access to financial services across Iberia and LATAM. Through a single API, the platform provides bank aggregation, payment initiation, identity verification, and access to categorized financial data. This enables businesses to automate onboarding, streamline payment processes, and create innovative financial products. Unnax's platform is designed for easy integration and scalability, allowing clients to focus on product innovation while Unnax handles regulatory complexities.
Target Audience
Unnax primarily serves financial institutions, fintechs, and software vendors in Iberia and LATAM seeking to streamline financial operations and create innovative embedded banking products.
Features
- Unified API for bank aggregation, payment initiation, and identity verification
- Access to categorized financial data and advanced financial indicators
- IBAN issuing and management for building financial infrastructure
- Real-time payment processing with direct bank transfers
- Tools for onboarding new users in compliance with regulations
- Bank aggregation widget for seamless data capture
- Continuous account access with tokenized credentials
- Normalized and homogenized data outputs for easy integration