We are a company authorised by the Bank of Spain to provide the account information service (AIS PSD2), which provides the most complete Banking Aggregation API on the market, because we complement the information obtained by the PSD2 channel: current accounts, with the information obtained by the online banking channel, which includes: current accounts, cards, debt, investment, etc., without geographical limits.
Our diverse team has extensive experience in building and complying with financial solutions, reflecting our mission and values. With top-tier shareholders and suppliers, we always imagine, build, and iterate with security and legal aspects in mind.
We founded our company with the aim of transforming an industry that lacked competition, due to consolidation through acquisitions by large companies that no longer have a single focus. We operate from our main office in the centre of Madrid and from there we expand our presence to the rest of the geographies. We believe that there is always a better way to do things.
"Open banking" refers to the system in which banks and other entities share your data with third parties through APIs, with the prior consent of the customer. Open banking is based on several Premises:
Many countries adopt or improve open banking regulations. In Europe, for example, the Second Payment Services Directive (PSD2) It is a regulation that obliges banks to open access to your data to third parties and PSD3 is already in the works.
"Open Banking" and the "PSD2" are related and are often used in similar contexts, but there are clear differences between the two concepts. While Open Banking is a a general concept that promotes the sharing of bank data and access to financial services, PSD2 is a regulated and specific implementation of this concept within the European Union. PSD2 can It is considered a form of Open Banking, but not all Open Banking models are PSD2.
Open Banking APIs work in the same way as other APIs in terms of their structure, documentation and development tools. Standards are used to ensure ease of use.
In the Wealth Reader you will find the documentation in OpenAPI v3 (Swagger), which describes all available endpoints, their parameters, expected responses, and examples of requests and responses, along with a Widget integration guide that simplifies displaying the entity selector and the collection of consent. All customer registrations are accompanied by a session of Technical onboarding from Spain
We have established agreements with several leading tools in the field of asset reporting and Investment portfolio management. If your company is part of these tools, we encourage you to get started Contact us. You'll be able to access our API and start providing your customers with a Automatic data extraction service for financial institutions.
The Wealth Reader API is capable of retrieving the full picture, including all products banking with an exceptional level of detail. This makes it a suitable choice to address other use cases beyond the scope of PSD2. For example, to carry out the transfer of investment portfolios or to enrich information in the accounting management of companies.
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