A project? A question?
transaction data
Secure sharing of banking data
Instantly retrieve your customers' financial data from any credit application path.
Algoan is registered with the ACPR (Banque de France)
as an Account Information Service Provider (AISP).
Registration no. 17728
Transaction Data is a turnkey interface for securely sharing your prospects' Open Banking data, in compliance with the Payment Services Directive (PSD2).
Our aggregation path has been designed to overcome the main obstacles your prospects face when it comes to providing access to their banking history. We've designed each step to maximize conversion.
What's more, integrating Transaction Data into your credit underwriting process is quick and easy, enabling you to quickly take advantage of our Credit Insights and Credit Score products.
Simplified integration
Use our bank data aggregation solution to ensure seamless compatibility with our products and avoid additional development.
A unique partner
From bank aggregation to credit scoring, Algoan is your one-stop shop for Open Banking innovations related to credit decisions.
An interface to match your image
Transaction Data can be configured to fit seamlessly into your credit application process: add your logo, main color, button radius... and a range of other options.
A single partner
From banking aggregation to credit scoring, Algoan is your sole point of contact to leverage Open Banking innovations for credit decision-making.
The homepage informs the user about the sharing of their banking information and data security.
It also collects their explicit consent for the automated processing of their personal data for scoring purposes.
Several search options allow users to quickly find the bank they wish to connect.
All banks offering a PSD2-compliant API are available. Transaction Data covers 99% of banked individuals in France.
Once the bank is selected, whether the user is on desktop or mobile, they are redirected to their bank's app if it is installed on their mobile device, or to the website otherwise.In all cases, authentication always takes place through the bank's interface.
On this optional screen, the detected accounts are displayed, allowing the user to select only the ones they wish to share.
Once the account selection is confirmed, the user can either connect another bank or complete the operation to be redirected to the financing journey.
A project? A question?
Do you have a question about Transaction Data?
See our FAQ or contact us for more information.
How do I use Transaction data?
To activate Transaction Data in your project, please contact an Algoan sales representative.
Is Transaction Data required to use Credit Score?
No, Transaction Data is not mandatory. You can use Open Banking data retrieved by any other means, as long as you comply with Algoan's API format. However, Transaction Data is the solution natively compatible with Credit Score and Credit Insights. So using Transaction Data simplifies your integration.
What does Transaction Data cover?
For the moment, Transaction Data is only available in France, but other countries will soon be able to benefit from this product. Please contact us to discuss your requirements.
A project? A question?
Would you like to change the way you make credit decisions? Let's talk!
