Wych provides an API‑first, no‑code platform that helps Australian and New Zealand CDR data holders and accredited data recipients achieve and maintain open‑banking compliance. The service offers built‑in consent management, identity‑access controls, automated conformance testing, and a single unified endpoint that connects to 140+ data providers, enabling secure real‑time access to customer, account and transaction data while reducing integration effort and operational risk.
Funding
$882.1K 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.
NFFounders
Product
Problem
Financial institutions and third‑party providers in Australia and New Zealand must meet strict Consumer Data Right (CDR) compliance requirements to share customer data, which involves complex consent management, API integration, and ongoing testing. Without a streamlined solution, data holders and accredited data recipients face high operational costs, integration delays, and risk of non‑compliance.
Solution
Wych offers an API‑first platform that enables both CDR data holders and accredited data recipients to achieve and maintain compliance with minimal development effort. The service provides out‑of‑the‑box consent management, identity and access controls, and a unified API that connects to over 140 CDR data providers. Data holders can use Wych’s white‑label suite to expose required data, run conformance testing, and manage reference data, while recipients gain secure, real‑time access to customer, account, and transaction information through a single integration point. By handling the technical and regulatory layers, Wych reduces operational overhead and accelerates time‑to‑market for financial products built on open banking data.
Target Audience
Primary customers are Australian and New Zealand banks, credit unions, and fintech firms acting as CDR data holders, as well as accredited data recipients such as budgeting apps, loan platforms, and other third‑party service providers that need compliant access to financial data.
Features
- API‑first, no‑code integration that connects to 140+ CDR data holders via a single unified endpoint
- Built‑in consent management and identity‑access controls meeting ACCC accreditation standards
- Automated CDR conformance testing and compliance reporting for data holders
- Product Reference Data (PRD) management tools for market comparison and regulatory alignment
- Real‑time data access for recipients, including aggregated insights, transaction classification, and pre‑built reports
- Support for multiple compliance pathways (representative, BCDC, trusted advisor) within the same platform
- Scalable architecture that serves both Australian and New Zealand open‑banking standards