Visible Capital utilizes PSD2 Open Banking data to automate the onboarding process by efficiently gathering essential customer information. This technology enhances client experience and reduces data acquisition costs, providing real-time insights into clients' financial trends.
Funding
$550K 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 advisors face challenges in efficiently gathering client financial data for onboarding and ongoing advice. Manual data collection is time-consuming, costly, and can lead to a poor client experience.
Solution
Visible Capital leverages Open Banking APIs to automate the secure retrieval of client financial data, including income, expenditure, pensions, savings, and investments. By directly accessing bank statement data, the platform eliminates manual data entry and provides advisors with a comprehensive view of a client's financial situation. This streamlined process reduces data acquisition costs, enhances the client experience, and delivers real-time insights into financial trends. The platform integrates with existing back-office systems via an open API, ensuring a seamless workflow for advisors.
Target Audience
The primary target audience is financial advisors and firms seeking to streamline client onboarding, reduce data acquisition costs, and gain deeper insights into client financial behavior.
Features
- Secure data retrieval via Open Banking APIs, compliant with PSD2 regulations.
- Automated collection of income, expenditure, pensions, savings, and investment data.
- Real-time insights into client financial trends.
- Integration with existing financial advice software through an open API.
- ISO/IEC 27001 accredited for data security.