Veracious Open Banking Platform

Secure, consent-driven, API-first financial connectivity for modern digital ecosystems.

Consent-drivenExplicit customer consent
API-firstGlobal Open Finance regulations
Built on TorusEnterprise-grade low-code architecture
Overview

Open Banking Infrastructure

Veracious Open Banking empowers banks and financial institutions to securely expose customer-authorized data and payment capabilities through a unified, API-first platform.

Designed to meet global Open Finance regulations, it enables account aggregation, payment initiation, financial insights, and third-party integration, all with strong security and explicit customer consent. Built on Torus, our enterprise-grade low-code architecture, the platform delivers real-time performance, high scalability, and rapid configurability for financial institutions of any size.

Account Aggregation

Retrieve unified financial data across multiple banks and providers via secure, customer-consented APIs.

Payment Initiation Services

Initiate secure payments directly from customer accounts using standardized, regulator-approved workflows.

Financial Insights & Personalization

Enable PFM/wealth apps with categorized transactions, spending patterns, and financial wellness analytics.

Developer Enablement

Provide fintechs and partners with a developer portal, API documentation, sandbox environments and mock data sets.

Open Banking

Key Features

Consent-Driven Data Sharing

Ensure customers have full control of what data is accessed, by whom, and for how long.

  • Consent dashboards
  • Fine-grained permissions
  • Full audit trails
  • Regulator-ready governance

Low-Code Configuration Engine

Rapidly configure data mappings, workflows, and message transformations with visual rule builders; no code required.

  • Any-to-any data transformation
  • Real-time rule updates
  • Reusable workflow components

In-Memory Event-Driven Architecture

Real-time processing via Redis + Kafka for low latency and high throughput.

  • Sub-millisecond data access
  • Dynamic event routing
  • Scale-out microservices
  • High availability by design

Secure API Management

A hardened trust framework ensuring safe, policy-driven access.

  • OAuth 2.0 / JWT authentication
  • API throttling & rate limits
  • End-to-end encryption
  • Fraud / anomaly detection
  • Certificate & key lifecycle management

API Standardization & Unified API Gateway

Expose secure, harmonized APIs for the following. Supports ISO 20022 and global Open Finance standards.

  • Account information
  • Balance & transaction history
  • Payment initiation
  • Aggregated data services
  • Third-party fintech integrations
Open Banking

Strategic Benefits

For Customers

  • Full control of their financial data
  • Smarter digital experiences
  • Faster, more transparent payments

For Banks

  • New revenue streams via monetizable premium APIs
  • Stronger customer engagement through digital ecosystems
  • Reduced risk through enhanced data visibility and early delinquency alerts
  • Regulatory compliance with global Open Finance mandates
  • Faster innovation cycles using low-code acceleration

For Fintechs & Corporates

  • Easy onboarding via standardized APIs
  • Secure, real-time access to financial data
  • Embedded finance opportunities
UAE

Ready for Market Regulations in UAE

Built to meet the latest Open Banking & Open Finance directives in the UAE, covering consent, security, API compliance, and operational governance.

UAE Central Bank Framework

Open Banking API Standards

OAuth 2.1 / FAPI Certified Flow

ISO 20022 Compatibility

Open Banking

Platform Architecture

API Fabric

A unified layer for generating, hosting, securing, and managing APIs end-to-end.

  • REST services
  • GraphQL endpoints
  • External partner APIs
  • Internal microservices

Data Fabric

A powerful integration layer that aggregates data from:

  • RDBMS
  • Document stores
  • Stream sources
  • External APIs

Microservices & Kubernetes

Seamless cloud-native scaling with built-in monitoring.

  • Cloud-agnostic deployment
  • Auto-scaling workloads
  • Zero-downtime updates
  • Observability & monitoring baked in

ISO 20022 Native Support

A unified payment layer enabling full interoperability.

  • Domestic payments
  • Cross-border payments
  • Real-time rails
  • Clearing & settlement
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