Belvo

Banks & financial institutions

Build the future of banking with open finance

Build stronger credit models, reach new audiences and personalize your offering by accessing and enriching your users’ banking data from other institutions and alternative sources.

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Trusted by the leading financial innovators

Unlock new revenue streams with open finance

70%

Increase conversion rates

Our platform follows the best UX practices to guide users through the process of connecting their accounts driving conversion with an opt-in rate of over 70%.

2x

Improve operations’ profitability

Acquire new customers through third-party channels with lowered acquisition costs and multiply by 2x the volume of underwriting loans.

100%

Compliance and security

Belvo uses bank-grade security standards and complies with privacy, security, and regulatory best practices and certifications, including ISO 27001.

Offering better financial services through open finance

Strengthen credit risk models with transactional data

A consumer’s payment history is key to understanding financial health but credit history data covers only a part of the population with limited and often outdated metrics. With open finance transactional data, banks can integrate new parameters in their models to approve more loans without increasing risk profiles. Make more precise and automated decisions while reducing credit default risk by up to 50%.

Discover risk insights

Reengage inactive or rejected customers with personalized offers

Leverage the potential of enriched transactions and open finance data to better understand your customers’ financial behavior and identify financial products contracted in other institutions. Analyze your users’ consumption patterns to provide tailored offers with more personalized conditions. Reach up to 34% of new product acceptance after a new offer campaign based on open finance data.

Financial industry and innovationss

Unlock new audiences to widen your funnel

Around 70% of bank loan applications are rejected based on users’ negative credit scores. Use open finance APIs as a source of complementary data to increase eligibility through third-party channels for ‘no-hit’ and ‘thin-file’ applicants. Reach new markets with lowered acquisition costs and grow your loan approval rates up to 30% for clients with little or no credit history.

Explore gig economy data

Related guides & Docs

This partnership brings intelligence and clarity to the data, and provides us with more information during risk analysis. For the bank, this means more assertive, secure decisions, and for the customers, it is an extra opportunity to access credit lines based on their financial history.

Fernando Radunz

CIO

We can’t wait to hear what you’re going to build

Belvo does not grant loans or ask for deposits