Powens, the French leader in the aggregation of banking and financial data and documents and a pioneer in the Open Finance sector in Europe, has developed an innovative solution in collaboration with CFCAL. This subsidiary of Crédit Mutuel Arkéa and the French leader in intermediated credit consolidation enables account aggregation data to be secured and authenticated.
In a B2B2C distribution model, Powens acts as a trusted third party that allows any stakeholder in the value chain to secure and enhance the value of banking data from its API.
This is how CFCAL innovates and simplifies the creation of a credit application. No more traditional bank account statements; the secure data collected by CFCAL’s IOBSP partners (brokers and agents) from the Powens API makes the customer experience smoother and speeds up the credit application.
The solution’s launch is also a unique opportunity for CFCAL and its privileged partners to accelerate the analysis of banking data to propose an ever richer product offer closer to their customers’ expectations.
This innovation, unprecedented in the credit consolidation market, was made possible thanks to the synergies implemented within the Crédit Mutuel Arkéa group, of which CFCAL is a subsidiary. Present in the capital of Powens since 2019, Crédit Mutuel Arkéa is convinced of the strong potential of this fintech and solid technological expertise. The collaboration between CFCAL and Powens aligns with the group’s partnership strategy and underlines its commitment to innovative ecosystems to benefit an enriched and personalized customer experience.
François Leprince, CFCAL Chairman of the Board of Directors:“At CFCAL, we look for innovative partners who share our vision and allow us to enrich and offer new uses to our customers and contributors. As the leader in B2B2C credit consolidation in France, we are committed to leveraging the benefits of Open Banking. With Powens, we can offer our brokers and agents a secure and fast solution to assess the creditworthiness of our customers.“
Bertrand Jeannet, Powens CEO: “We are delighted by this partnership with CFCAL. The collaboration once again demonstrates our ability to innovate even further to meet the needs of our customers. The data certification we developed together is a key differentiator for the credit industry. This project further strengthens the confidence in our technologies and promotes their adoption.”