A new enhancement coming to Amerant Bank’s online banking platform, TreasuryConnect℠: Open Access Connect. This newly-added feature is designed to transform how customers interact with financial data, delivering security, control, and peace of mind.
What Is Open Access Connect?
Open Access Connect empowers customers to access and share their financial data in a secure, streamlined, and controlled manner. Instead of relying on outdated screen scraping methods, this feature gives customers complete transparency and control over what information is shared and who can access it.
The Technology Behind It
Open Access Connect enables secure and reliable data sharing through Financial Data Exchange (FDX) standardized APIs. This means customers can connect their banking data when and where they need it, with the security to view those connections and remove access whenever it’s no longer needed.
Benefits for Customers
Customers will enjoy significant improvements in how they manage their financial lives:
Keep data privacy in their hands – customers can view, control, authorize, and remove access to their data for any aggregator or third-party provider.
- Easier access to financial information – Simplified, secure account management
- API-based integration improves predictability – Better data accuracy compared to the unreliability of screen scraping
- Eliminate the need to share login credentials – Reduce fraud risk with third-party providers
- Access to thousands of third-party applications – Connect with supported industry-leading partner aggregators
- Improved satisfaction and experience – A better overall relationship with your financial institution
- Powered by Industry-Leading Partners
- Open Access Connect integrates with top data aggregator partners including Akoya, MX, Finicity, Intuit, Stripe, Envestnet Yodlee, Tink, MorningStar, and Plaid. This ensures customers have access to the broadest ecosystem of financial applications and services.
The Bottom Line
Open Access Connect represents the future of secure open banking relationships. By adding this feature to TreasuryConnectSM, Amerant Bank is helping customers unlock seamless integration and human-centric experiences businesses need for money at rest, unlocking liquidity and flow of funds by synchronizing their ecosystem, payment systems, and financial networks across comprehensive spend-to-reconcile processes, and enabling a cohesive financial ecosystem with insights for strategic decisions in treasury operations while optimizing performance.
Ready to learn more?
Contact an Amerant Bank relationship manager or visit amerantbank.com to discover how Open Access Connect can empower businesses.
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