Semantic Coherence: Akoya – Signal Evidence & AI Readability

[H1] Open finance,fully activated.

Akoya is the network built for secure data sharing and seamless data access. Whether you're managing how your data moves or building on the data you need, Akoya gives you the scale, security, and intelligence to lead in the open finance ecosystem.

I'm a financial institution

I'm a fintech

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[IMG: MorningStar logo]

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[IMG: Fiserv logo]

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[H2] Akoya serves the entire open finance ecosystem

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[H3] Financial institution solutions
Solve for complex data sharing regulation and empower your consumers by allowing them to securely share their financial data with thousands of authorized apps.

Learn more

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[H3] Fintech solutions
Securely access consumer financial data from thousands of financial institutions through one network connection.

Learn more

[H2] Akoya helps keep consumer financial data safe

We're dedicated to helping consumers more efficiently manage their finances by giving them increased choice, control, and convenience in sharing the data that powers their financial apps.

Empower consumers

Integrate once

Drive open banking

[H3]
Empower consumers

Your consumers can have peace of mind to use new fintech apps as we ensure their data privacy and security when they share their financial data externally.

[H3]
Integrate once

Through a single integration with Akoya, financial institutions, fintechs and data aggregators can enable multiple API connections and avoid continued maintenance and development efforts.

[H3]
Drive open banking

Akoya is the only 100% API-connected, consumer permissioned data sharing network, promoting security, transparency and peace of mind.

Empower consumers

[H3]
Empower consumers

Your consumers can have peace of mind to use new fintech apps as we ensure their data privacy and security when they share their financial data externally.

Integrate once

[H3]
Integrate once

Through a single integration with Akoya, financial institutions, fintechs and data aggregators can enable multiple API connections and avoid continued maintenance and development efforts.

Drive open banking

[H3]
Drive open banking

Akoya is the only 100% API-connected, consumer permissioned data sharing network, promoting security, transparency and peace of mind.

[H2] Built on next-gen technology

Strong

[H2]
4.5K+

Financial institutions

PRO-CONSUMER

[H2]
7.5K+

Apps powered

SECURE

[H2]
100%

API-driven

RELIABLE

[H2]
99.9%+

Network availability

SUCCESSFUL

[H2]
99.5%+

API call success rate

[H2] Security is at the heart of everything we do
Akoya is committed to ensuring that our data security and privacy methodologies and controls are updated, and that our products are aligned with systems and infrastructure industry standards. We consider data protection instrumental to our success and will continue to evolve our efforts accordingly.

Learn more

[H2]
Featured resources

Featured

[H4]
Open finance is a program, not a project
Financial services is at an inflection point. The infrastructure for open finance exists, the regulatory pressure..

Cash Flow Underwriting

[H4]
The foundation beneath smarter credit: why infrastructure determines who gets access
Cash flow underwriting is having a moment. And for good reason. Research from FinRegLab shows that machine..

Open Finance

[H4]
How leading institutions are closing the open finance strategy gap
Open finance in the United States has moved from novelty to necessity for financial institutions of all sizes...

Screen scraping

[H4]
Combating the risks of screen scraping: A guide for financial institutions
Open finance is reshaping how financial data is shared across the U.S. financial ecosystem. As regulatory..

Open Finance

[H4]
On-demand webinar: Open finance at an inflection point
Most institutions know open finance matters. Few have the infrastructure to scale it. This session, featuring..

Open Finance

[H4]
What's holding banks back from open finance?
Open finance is moving from experimentation to execution as banks and credit unions look to modernize data..

Open Finance

[H4]
New research findings on the state of open finance adoption
Open finance is no longer a vague concept or emerging mandate. It’s quickly becoming a strategic priority for..

Webinars

[H4]
Insights from Akoya's response to the CFPB
The CFPB's revisit of Rule 1033 and related Advance Notice of Proposed Rulemaking have reignited national..

View all resources

FINANCIAL INSTITUTIONS

[H3] Start sharing data

Financial institutions can take advantage of full-service regulatory compliance solutions and ways to securely share consumer financial data to power through one network connection.

Learn more

FINTECHS

[H3] Explore data access

Fintechs, aggregators and financial institutions can join the Akoya network and receive consumer-permissioned data from API-connected data providers to power their use cases and drive innovation.

Learn more

[H1] Connect users to their financial data

Get started today with 100% API-based, user permissioned data access to power your products and innovate your use cases.

Try it now

See pricing

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[H6] GROWING NETWORK
[H2] Akoya was built to serve all players in open finance
Our data access network is inclusive of the entire financial services industry and serves fintechs, data aggregators, and financial institutions. We are connected to 4,300+ financial institutions and securely power 7,000+ apps.

[H2] Fintech solutions

Whether you’re looking to connect your users to their data or align with open banking requirements, Akoya’s solutions for data recipient customers can help.

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[H3] Secure data access
Power your use case with financial data access directly from leading financial institutions and core providers.

Use cases

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[H3] Compliant data sharing
Make your user data available to authorized third parties in a secure way that complies with open banking regulations.

Learn more

[H3] Akoya is trusted across the open finance ecosystem

[IMG: Yodlee logo]

[IMG: Wells Fargo logo]

[IMG: US Bank logo]

[IMG: TD Bank logo]

[IMG: PNC logo]

[IMG: MorningStar logo]

[IMG: Jack Henry logo]

[IMG: Fiserv logo]

[IMG: Fidelity logo]

[IMG: Emoney logo]

[IMG: Citibank]

[IMG: Chase logo]

[IMG: Capital One logo]

[IMG: Bank of America]

Why Akoya

[H2] All the APIs through one integration

Read the infosheet

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Data dependability accuracy
OAuth-based connections enable consistent network uptimes from authorized data sources. Expect uniform data with consistent coverage across products.

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Industry backed
Akoya is trusted by the largest banks and brokerages in the United States. All network participants are vetted and follow the same rules.

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Network security
Akoya holds a SOC 2 Type 2 certification and is NIST and FIPS-140 compliant. All network participants meet rigorous security requirements that are reviewed regularly.

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Developer focused
Self-service Data Recipient Hub with dedicated Support Center, best practices, and a rich library of test data.

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“
Thanks to Akoya, we have higher conversion rates and are extracting more consistent data. Akoya’s data has allowed our team to focus on creating innovative products without worrying about failed connections or inaccurate information.
”

[H4]

Read the case study

[H2]
Featured resources

Featured

[H4]
Open finance is a program, not a project
Financial services is at an inflection point. The infrastructure for open finance exists, the regulatory pressure..

Cash Flow Underwriting

[H4]
The foundation beneath smarter credit: why infrastructure determines who gets access
Cash flow underwriting is having a moment. And for good reason. Research from FinRegLab shows that machine..

Open Finance

[H4]
How leading institutions are closing the open finance strategy gap
Open finance in the United States has moved from novelty to necessity for financial institutions of all sizes...

Screen scraping

[H4]
Combating the risks of screen scraping: A guide for financial institutions
Open finance is reshaping how financial data is shared across the U.S. financial ecosystem. As regulatory..

Open Finance

[H4]
On-demand webinar: Open finance at an inflection point
Most institutions know open finance matters. Few have the infrastructure to scale it. This session, featuring..

Open Finance

[H4]
What's holding banks back from open finance?
Open finance is moving from experimentation to execution as banks and credit unions look to modernize data..

Open Finance

[H4]
New research findings on the state of open finance adoption
Open finance is no longer a vague concept or emerging mandate. It’s quickly becoming a strategic priority for..

Webinars

[H4]
Insights from Akoya's response to the CFPB
The CFPB's revisit of Rule 1033 and related Advance Notice of Proposed Rulemaking have reignited national..

View all resources

[H3] Get started

Try our self-service sandbox for developers. Set-up a free account to access test data and move to production when you’re ready.

Try it yourself

Read API docs

[H1]
open finance

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January 9, 2025

Open Finance

[H4]
Akoya welcomes the CFPB’s recognition of FDX as a Standard-Setting Body

Akoya welcomes and congratulates the Financial Data Exchange on the years of hard work that led the Consumer Financial Protection…

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Open Finance, Fully Activated

[H1] Open finance forfinancial institutions

Akoya's Open Finance Solution is the complete platform for financial institutions to connect, control, and capitalize on open finance, from secure data sharing to actionable intelligence and new revenue streams.

Book a demo

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Financial institutions

[H2] Open finance is non-negotiable

Financial institutions relying on outdated credential-based access face rising security risks, growing system strain, and accelerating customer attrition. Without modern open finance solutions, they struggle to deliver the secure, seamless experiences today’s customers increasingly expect.

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Financial impact
Without modern open banking APIs, fintechs resort to outdated methods like screen scraping, which rely on credential sharing and increase the risk of compromise.

The average total cost of a financial data breach breach is now at 4.88 million.  (IBM, 2024)

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Customer impact
Customers expect easy, secure access to their financial data. Without open finance, frustrated customers may switch financial institutions to find more modern, secure, and easier to use experiences.

25% of customers switched banks last year in search of better digital experiences. (Salesforce, 2024)

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Infrastructure impact
Without a secure open finance solution, financial institutions often see thousands of bot logins per customer per month, overwhelming legacy systems and leading to service disruptions.

Up to 51% of a bank’s online traffic can come from bots and screen scraping. (Imperva, 2025)

[H6] Open finance readiness assessment
[H2] How prepared is your financial institution?
Quickly gauge your financial institution's open finance readiness level.

Try it yourself

Financial institutions

[H2] How Akoya helps financial institutions

Akoya empowers financial institutions to modernize data access with a secure, API-first platform that does more than meet regulatory requirements — it transforms how you serve your customers. By giving consumers control, ensuring transparency, and eliminating outdated systems, Akoya helps you mitigate risk, drive efficiency, and unlock new opportunities for growth and innovation.

Download the infosheet

Empower your customers

Activate consumer data for growth

Simplify third-party management

Stay compliant and future-ready

[H3]
Give customers control and transparency

Akoya’s Open Finance Solution gives consumers full control and transparency over their data sharing. Through secure, API-based connections and white-labeled consent tools, financial institutions can empower users to view, manage, and revoke data access at any time.

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[H3]
Data activation

Beyond compliance, Akoya empowers financial institutions with enhanced insights into their customers' data sharing practices for better analytics, smarter decision-making, and accelerated product innovation. With unified, API-accessible data across your ecosystem, you can unlock new use cases like personalized offers, enhanced credit models, and embedded finance experiences — all while keeping the focus on the consumer.

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[H3]
Third-party management

Akoya handles the heavy lift of onboarding, vetting, and managing third-party data recipients. We conduct ongoing security and risk assessments, manage data access agreements, and provide centralized support to reduce operational complexity. Our framework ensures your institution can maintain strict oversight of external parties, protect consumer data, and mitigate reputational and regulatory risks.

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[H3]
Future-proof compliance

Akoya’s turnkey solution is designed to meet current regulatory requirements, as well as allow financial institutions to adapt to future challenges and evolving standards. Our platform ensures consumer-directed, transparent, and secure data sharing practices, helping financial institutions avoid costly retrofits while building a future-ready open finance strategy that strengthens trust and brand reputation.

Learn more

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Empower your customers

[H3]
Give customers control and transparency

Akoya’s Open Finance Solution gives consumers full control and transparency over their data sharing. Through secure, API-based connections and white-labeled consent tools, financial institutions can empower users to view, manage, and revoke data access at any time.

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Activate consumer data for growth

[H3]
Data activation

Beyond compliance, Akoya empowers financial institutions with enhanced insights into their customers' data sharing practices for better analytics, smarter decision-making, and accelerated product innovation. With unified, API-accessible data across your ecosystem, you can unlock new use cases like personalized offers, enhanced credit models, and embedded finance experiences — all while keeping the focus on the consumer.

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Simplify third-party management

[H3]
Third-party management

Akoya handles the heavy lift of onboarding, vetting, and managing third-party data recipients. We conduct ongoing security and risk assessments, manage data access agreements, and provide centralized support to reduce operational complexity. Our framework ensures your institution can maintain strict oversight of external parties, protect consumer data, and mitigate reputational and regulatory risks.

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Stay compliant and future-ready

[H3]
Future-proof compliance

Akoya’s turnkey solution is designed to meet current regulatory requirements, as well as allow financial institutions to adapt to future challenges and evolving standards. Our platform ensures consumer-directed, transparent, and secure data sharing practices, helping financial institutions avoid costly retrofits while building a future-ready open finance strategy that strengthens trust and brand reputation.

Learn more

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[H2] Let Akoya manage the heavy lift

Akoya can handle the ongoing effort of managing third parties with ongoing risk reviews and contractual obligations for all data recipients based on your specific requirements and policies. Our fast and flexible approach reduces onboarding time while maintaining high security standards.

Book a demo

[H4] Managed security and risk reviews

Akoya will collaborate with financial institution risk teams to validate the risk assessment methodology, questionnaire coverage, risk tiering, and evidence collection. This ensures alignment with financial institutions’ compliance and security standards. Once certified, third-parties are eligible to request and receive covered data.

Akoya will collaborate with financial institution risk teams to validate the risk assessment methodology, questionnaire coverage, risk tiering, and evidence collection. This ensures alignment with financial institutions’ compliance and security standards. Once certified, third-parties are eligible to request and receive covered data.

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[H4] Data access agreement services

We administer a self-service contracting process on the financial institution’s behalf with full compliance assured. Our team partners with financial institutions to structure and draft agreements, leveraging best practices and standardized templates.

We administer a self-service contracting process on the financial institution’s behalf with full compliance assured. Our team partners with financial institutions to structure and draft agreements, leveraging best practices and standardized templates.

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[H4] 24/7 high touch support

Akoya's developer portal comes with an integrated support center, available 24/7 to all third parties used for basic troubleshooting, incident response, security and risk review help, and general queries. We promptly address incidents to minimize downtime and ensure quick recovery.

Akoya's developer portal comes with an integrated support center, available 24/7 to all third parties used for basic troubleshooting, incident response, security and risk review help, and general queries. We promptly address incidents to minimize downtime and ensure quick recovery.

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For financial institutions

[H2] Akoya's Open Finance Solution

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[H3] Developer Portal
Third parties can easily discover, test, and connect to your financial institution through a fully compliant, white-labeled developer portal. With self-service sign-up, access to standardized APIs, documentation, and a robust sandbox, data recipients can integrate quickly and securely.

Secure, updated, access to FDX-compliant, standard and premium APIs
Flexible implementation models, made to fit your unique tech stack
Fully integrated support center

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[H3] Admin Console
Financial institutions can seamlessly manage all third parties — reviewing due diligence, tracking contracts, monitoring support activity, and maintaining audit logs — from one secure, centralized platform. Gain visibility, reduce risk, and streamline oversight with ease.

Built-in reporting to meter API usage, user volume, performance, and support tickets
Easily manage all third parties
Insights into data sharing practices = providing opportunities for customer enhancements ​

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[H3] Permission Dashboard
API-powered, white-labeled dashboard for consumers to visualize all the third parties they’ve authorized to access their data, broken down by each third-party app. Ability for consumers to review, add, and easily revoke consent at any time, directly from the financial institution’s mobile or online banking platform.

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[H3] API Documentation
Ready-to-use, white-labeled documentation tailored to your financial institution’s brand. Akoya provides everything developers need — including branded guides, sample specs, test data, and test users — to ensure a fast, seamless, and secure onboarding experience.

What is open finance?

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"TD has embraced the Akoya Data Access Network as a key enabler of our customer-driven banking strategy in the US market. This has allowed us to provide our customers with a safe and secure way to share their data with participating third-parties of their choice."
Franklin Garrigues, Vice President of External Ecosystems

[H3]
Frequently asked questions

[H6] What is Akoya's Open Finance Solution?

Akoya's Open Finance Solution is a white-labeled, managed platform that gives banks and credit unions everything they need to securely share consumer-permissioned data with authorized third parties. It combines ready-to-deploy technical infrastructure with end-to-end managed services, so institutions can comply with open finance regulations and unlock new business value without building in-house.

[H6] What is included in Akoya's Open Finance Solution?

The solution includes a technical platform (Developer Portal, Admin Console, FDX-standard APIs, Permission Dashboard, branded API documentation and sandbox, and reporting and analytics) plus fully managed services (third-party security and risk reviews, data access agreement administration, policies and procedures, and 24/7 third-party support). Optional add-on modules extend the platform for institutions looking to generate revenue, reduce fraud, or activate data intelligence.

[H6] Is Akoya's Open Finance Solution white-labeled?

Yes. The Developer Portal, Permission Dashboard, and API documentation are all fully branded with your institution's logo, colors, and URL. Third parties and consumers interact entirely within your brand experience.

[H6] How does Akoya ensure secure data sharing?

Akoya replaces screen scraping with secure, OAuth-based API connections. Consumers authenticate directly with their financial institution, and no credentials are ever shared with third parties. This eliminates the credential-harvesting bot traffic that can represent a significant share of a bank's online traffic, while giving institutions full visibility and control over who accesses their consumers' data.

[H6] How does Akoya handle third-party security and risk reviews?

Akoya manages a structured, non-discriminatory vetting and auditing process covering seven security and risk components, including background checks, with assessment criteria based on ISO 27001, FFIEC security standards, SOC 2 Type 2 Trusted Services Criteria, and other industry security standards. The process includes an initial full assessment, followed by full assessments every other year thereafter, as well as annual recertification, continuous monitoring, customizable risk thresholds, and extensive remediation support, all coordinated with your institution's risk team.

[H6] How does Akoya manage data access agreements?

Akoya administers the full contracting process on your institution's behalf using standardized templates and best practices to onboard third parties escalating to your legal team only when needed. This removes the administrative burden of negotiating and maintaining individual agreements with every third party.

[H6] What kind of support does Akoya provide for third parties?

Akoya's Developer Portal includes an integrated 24/7 support center available to all authorized third parties, covering troubleshooting, onboarding assistance, incident response, and security review support, so your team isn't fielding developer questions. Additionally, Akoya provides dedicated customer success man