Founders: Conny Dorrestijn, Mark Hartley - Advisor David Birch
Last funding: self-funded with additional resources from thestartupfactory
Keywords: Open banking, payments
Who is it for: banks, financial institutions/firms (benefiting businesses and Fintechs)
HQ: UK, Manchester / Netherlands, Amsterdam
Founded and advised by highly experienced industry ‘names’, BankiFi enables banks to go ‘beyond an open experience’ promise with relevant offerings to their client base in terms of time, location and context. Its data-driven distributed banking model allows financial service providers to manage, consume, distribute and monetise data through a suite of API driven micro services.
BankiFi and its solutions (ConsentBox, PocketTreasurer, PocketCollector, and PocketConsent) are offered as a managed service that can run either in a private or public cloud. This set of consumable services has been designed to store as little data as possible outside the bank environment. BankiFi combines the core strength of the bank – customer relationships and a regulated environment – with the fast, agile development skills of a robust FinTech partner.
This combination is a win on three counts: the bank gets new net income and offers its customers a relevant business experience, reduced risk and lower cost of R&D and integration. The FinTech community get an amazing developer experience and avoid the complexity of dealing with consent in their apps and thirdly the empowered customer has access to relevant services and full data control.
Bankifi operates out of the UK (Manchester) and the Netherlands (Amsterdam).