PRODUCT
“Bank data and the books, in one place.”
Open Finance combines live open banking access with the book-keeping data inside your customers’ ERP systems, so lenders and factoring providers see reliable, real-time business performance and risk in one place. The engine sits between the bank rails and the customer’s ERP, turning two separate worlds into a single, dependable signal. Built for lenders, factoring providers, banks and fintech integration platform providers.
The setup
Bank and ERP data, in one place
Open banking access and ERP book-keeping data meet in the engine, turning raw signals into reliable, real-time risk indicators.
Why it matters
Bank data alone does not tell the whole story
A bank feed shows money moving, but not the obligations, invoices and accounting behind it. ERP data shows the books, but not what is actually clearing in the account. Lenders and factoring providers have to bridge that gap by hand, slowing every credit and factoring decision and leaving risk hidden until it is too late. Open Finance closes the gap, pairing the bank view with the ERP view so the picture is complete and current, not stitched together after the fact.
How it works
One engine between the bank and the books
Strawbay connects to the bank under PSD2 open banking and, in the same flow, to the customer’s ERP, then keeps both in sync. Account ownership is confirmed, transactions are matched against the ledger, and the combined signal is delivered to your system in real time. Because the engine industrialises 1-to-n onboarding, you can bring on many end customers across many different ERPs without an integration project for each one.
Bank and ERP data combined
Open banking access and ERP book-keeping data joined in one engine, so the account and the ledger tell a single, consistent story.
Real-time risk indicators
Performance and risk signals updated as the data changes, so exposure is visible the moment it shifts, not at the next reporting cycle.
Faster credit and factoring decisions
Confirmed account ownership and a complete data picture let you de-escalate risk fast and conclude decisions for rapid payments.
PSD2 and PSD3 aligned
Bank connections operate within PSD2 open banking and are built to align with PSD3 and PSR, with EU data residency throughout.
Conclude ownership, pay faster
From signal to settled payment
The value of combining bank and ERP data is speed with confidence. By confirming account ownership and reconciling what the books say against what the account shows, Open Finance lets lenders and factoring providers de-escalate risk quickly and move to payment without the usual back-and-forth. The engine handles the connection, the matching and the key management, so your team works from a trusted signal rather than chasing it.
Who it is for
Built for lenders, factoring providers and banks
Open Finance is built for lenders, factoring providers, banks and fintech integration platform providers who need a complete, real-time view of business performance and risk across many end customers. The same engine our own products run on, ready under your brand, connecting bank rails to the ERP so decisions and payments move at the speed your business needs.