YAXI provides open banking infrastructure that allows businesses to build tailored use cases without provider branding or terms interfering with the user journey. Utilizing confidential computing, the platform enables requests for specific, derived account information while maintaining user privacy. YAXI ensures optimal bank connectivity by multiplexing between PSD2, FinTS, and screen scraping APIs, starting with comprehensive German market coverage.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses seeking to integrate Open Banking APIs face regulatory hurdles and the challenge of maintaining user trust, as reliance on visible third-party providers can negatively impact conversion rates. Existing solutions often require either navigating complex regulations or ceding control over the user experience.
Solution
YAXI provides a regulation-free solution for businesses to access Open Banking APIs through Confidential Computing technology. This approach ensures private communication with banks, eliminating the visibility of third-party providers in the consumer journey. By keeping the interaction entirely within the business's infrastructure, YAXI enhances user trust, improves conversion rates, and allows businesses to focus on their user experience without regulatory overhead. The technology is verifiable through cryptographic attestation, ensuring the privacy of communication with banks.
Target Audience
YAXI's primary customers are businesses seeking to integrate Open Banking APIs into their products and services without the need for regulatory compliance or reliance on visible third-party providers.
Features
- Confidential Computing ensures private communication with banks.
- Verifiable technology through cryptographic attestation.
- 100% white-label solution, allowing businesses to maintain full control over their user experience.
- Self-service onboarding for effortless setup.
- Focus on Open Banking API access without regulatory compliance.