Use Cases
Akoya products can be combined to help facilitate several use cases across financial services. From budgeting and investment management tools to money movement and credit enhancements, Akoya can service many of your fintech needs.
Akoya products include Account info, Balances, Investments, Payments, Transactions, Customers, and Statements. These products allow you to retrieve the data you need for your use case as illustrated below.
Account opening
Enable instant account opening and funding without micro-deposits.
Akoya products used:
Balances
Payments
Customers
Related sub use cases and documentation
Account linking and consent
Link an account and give consent without screen scraping.
This is a basic Akoya API function and does not require a specific product.
Account ownership validation
Retrieve consumer information directly from the financial institution to validate account ownership.
Akoya product used:
Customers
Account verification
Verify the account number and routing number retrieved from the end-user.
Akoya product used:
Payments
Business financial management
Offer businesses the ability to aggregate their financial accounts in one place.
Akoya products used:
Balances
Transactions
Statements
Personal financial management (PFM)
Provide users the ability to aggregate their financial accounts in one place.
Akoya products used:
Balances
Transactions
Lending & credit enhancement
Access bank or brokerage data to better inform lending decisions.
Akoya products used:
Balances
Transactions
Customers
Statements
Payment enablement
Authorize account-to-account or person-to-person payments with instant account authentication. This is not a payment initiation request.
Akoya products used:
Balances
Payments
Customers
Wealth management & investing
Give users and/or financial advisors the ability to collate investments, assets, and other held-away account information for one sweeping financial picture.
Akoya products used:
Balances
Transactions
Investments