Financial automation powered by real-time multibanking data.
FinqData enables digital platforms to access and use real-time bank data across Europe for automated financial workflows. Stop managing messy CSVs and inconsistent data formats—integrate one API and gain access to clean, structured, automation-ready financial data.
Empower financial automation with real-time multibanking data
Multibank data aggregation
Data normalization & labelling
Real-time financial workflows
How does Finqware aggregate banking data across Europe?
Finqware offers one of the largest bank connectivity coverages in Central and Eastern Europe, enabling your customers to connect accounts from multiple banks into a single platform.
The connection process is designed to be fast, secure, and seamless:
- Start a bank connection directly from your platform.
- Display the list of supported banks using the FinqData bank selection interface.
- Guide the user through a secure authorisation flow powered by Finqware, where they confirm access through their internet or mobile banking application.
- Retrieve banking data automatically once the connection is approved, including account details, balances, transactions, and transaction history.
To complete the process, users only need an active internet or mobile banking account with viewing rights for their company accounts.
High-quality data enrichment for future-proof financial automation.
Superior data quality & structuring
Unlike standard open banking solutions, FinqData provides higher-quality data, cleansed and labelled with demonstrated accuracy for large corporate customers.
Licensed & compliant
Operate with confidence. FinqData is built by Finqware, a licensed payment institution, ensuring the highest standards of security and regulatory compliance.
Reduced operational complexity
Eliminate the need for file-based integrations (CSV, Excel) and the extra infrastructure required for manual uploads. Reduce manual work by up to 90%.
Fast & secure implementation
Secure user tokens and machine-only access mean you don’t need to handle sensitive personal login data in your financial automation workflows.
Multibanking data for platforms driving financial automation
Accounting platforms
Streamline accounting and financial automation by delivering clean multibanking data directly into your platform’s ledger.
Banks & financial institutions
Enhance internal systems or customer-facing apps with multibanking data for a complete automation-ready financial overview.
Billing & invoicing software
Automate payment tracking and status updates by monitoring bank accounts in real-time, using real-time multibanking data.
FinqData – the core engine for your financial automation product
Discover the key use-cases that make FinqData the trusted real-time multibanking data API for financial automation platforms
Automate bank reconciliation using structured, normalised transaction data, reducing manual work and eliminating errors.
Streamline accounting processes with clean financial data from multiple banks, delivered through a single API built for scalability and automation.
Embed secure open banking functionality into your product through a single API that aggregates financial data from multiple banks.
Enable budgeting, expense tracking, and real-time financial visibility across multiple bank accounts through a single connected experience.
Accelerate credit assessments with automatically calculated scoring models based on real-time income, spending behaviour, and financial history data.
Help property lenders evaluate affordability faster using automated insights based on income patterns, spending behaviour, and financial stability indicators.
Power cashback programs and loyalty initiatives with transaction analytics that identify spending patterns and eligible customer purchase behaviour.
Find out more about how FinqData works in this section.
FinqData can be offered as a licensed service (operating under Finqware’s PSD2 license) or as a technical service (using your own license). The features remain identical in both cases.
It’s simple: if you are an enterprise that wants to use a platform to manage your own finances, you want FinqTreasury. If you are a digital platform looking to build financial features for your customers using multibanking data, you need FinqData.
Finqware aggregates in a normalised format banking data across countries, bank products and languages. Normalisation is applied to all data objects: accounts, balances and transactions. For balances, there is a balance type called “available” which is guaranteed across banks, while other types, including overdraft or closing balances can be provided upon bank API capabilities. For transactions, the guaranteed set of details are: account IBAN and name, counterparty IBAN and name, amount, currency, transaction description, end to end id, booking date, value date, timestamp.
Extra data enrichment is available as a supplementary features. Bank fees, deposits, credit lines, repayments, interests, card, or pos transactions – all these treasury operations and banking services are covered by automatic labelling. Finqware’s proprietary bank transaction categorization algorithm uniformly classifies all your treasury operations across banks, countries, currencies, and languages. FinqData API feeds classified transactions directly into your accounting ledgers.
Data refresh schedules are configurable. Typically, data can be refreshed on demand up to every 5 minutes and upon a schedule up to 4 times a day.
Finqware uses secure user tokens and doesn’t collect personal data about your platform’s users except for their explicit consent to share banking data.
+50 big companies automate their finances with Finqware
Tell us about your project to receive API keys and get sandbox access.