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
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
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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