FinConecta Launches Open Finance Platform on AWS for Bank-Fintech Integration

FinConecta unveiled its Open Finance platform in an AWS Partner Network blog post published on August 31, 2021, positioning it as banking-as-a-platform middleware designed to bridge financial institutions and fintech providers. The platform enables banks to securely expose and manage APIs using a microservices architecture with OAuth2-based authentication, allowing third-party fintech apps to integrate with core banking systems. Key features include an API gateway for subscriptions and authentication, a throttling coordinator for microservices-based request processing, and a sandbox environment that lets fintechs test solutions against real core system test data.

The platform also provides orchestration capabilities for third-party services not natively supported by a bank's existing infrastructure. FinConecta's solution facilitates regulatory compliance, reduces integration costs, and leverages AWS cloud scalability. By normalizing APIs and offering a marketplace-style approach to fintech integration, the platform aims to accelerate digital transformation for banks seeking to participate in the open finance ecosystem.

No specific financial terms were disclosed in the announcement.