Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website.

# Powens: Powens is the data and payments infrastructure behind Europe’s leading innovators, helping them build smarter experiences, better UX, and automated operations.

## Sitemaps
[XML Sitemap](https://www.powens.com/sitemap_index.xml): Includes all crawlable and indexable pages.

## Pages
- [Corporate | UPAY | Legal Notice](https://www.powens.com/upay-legal-notice/): LEGAL NOTICE
- [WPMS HTML Sitemap](https://www.powens.com/wpms-html-sitemap/): metaseo_html_sitemap
- [Corporate | UREG | Privacy Policy](https://www.powens.com/ureg-privacy-policy/): UNNAX, which manages the powens.com website, attaches great importance to the protection and confidentiality of your personal data, which we consider to be a guarantee of reliability and trust.
- [Corporate | UREG | Whistleblowing Channel](https://www.powens.com/ureg-whistleblowing/): Unnax Regulatory Services EDE, S.L. (“Unnax”) makes available to interested parties the following reporting channels, integrated into its Internal Information System, through which potential regulatory breaches may be securely reported in accordance with applicable regulations.
- [Corporate | UREG | Notice](https://www.powens.com/ureg-legal-notice/): In compliance with the provisions of Law 30/2002 of July 11 on Information Society Services and Electronic Commerce (“LSSI”), the following general information regarding UNNAX REGULATORY SERVICES EDE, S.L.U. (“UNNAX”) is provided:
- [Corporate | UREG | Customer Service](https://www.powens.com/ureg-customer-service/): As an Electronic Money Institution, UNNAX has a Customer Service in accordance with Order ECO/734/2004 of 11 March on customer care departments and services and the customer ombudsman of financial institutions (“Order ECO/734/2004”), as well as the Supervisory Guide on the organisation and operation of customer services of institutions supervised by the Banco de España (“Guide”).
- [Corporate | UREG | Assets Safeguarding](https://www.powens.com/ureg-assets-safeguarding/): This Policy establishes the principles, operational procedures and control mechanisms designed to ensure the protection of funds received from users for the issuance of electronic money and the provision of payment services by UNNAX REGULATORY SERVICES EDE, S.L.U. (“UNNAX” or the “Entity”).
- [Corporate | SAS | Privacy Policy](https://www.powens.com/sas-privacy-policy/): The purpose of this Privacy Policy is to inform you about the processing of data concerning you.
- [Corporate | SAS | Whistleblowing Channel](https://www.powens.com/sas-whistleblowing/): Powens SAS provides the following whistleblowing reporting channels:
- [Corporate | SAS | Notice](https://www.powens.com/sas-legal-notice/): In accordance with the requirements of Articles 6-III and 19 of the French Law No. 2004-669 of June 21, 2004 for confidence in the digital economy, Powens states the following:
- [Corporate | SAS | Terms and Conditions of Use](https://www.powens.com/sas-conditions-use/): Powens is the new trading name of Budget Insight.
- [Corporate | SAS | Terms and Conditions of Sale](https://www.powens.com/sas-conditions-sale/): These GTC are applicable in their entirety to any offer of Services performed by the Service Provider for its Clients. The Client commits himself through a purchase order (hereinafter referred to as "the Purchase Order"). The GTC and its appendices, the potential Special Conditions and the Purchase Order constitute the contractual commitment between the Parties (hereinafter referred to as "the Contract").
- [Corporate | Group | Privacy Policy](https://www.powens.com/group-privacy-policy/): At the Powens Group, we consider transparency in the processing of your personal data to be a fundamental value and the foundation of the trust you place in us.
- [Corporate | Group | Overview](https://www.powens.com/group-overview/): The Powens Group is the European leader in Open Finance and embedded payments, enabling you to connect financial solutions directly into your products through an API-based infrastructure.
- [Corporate | Group | Cookies Policy](https://www.powens.com/group-cookies-policy/): Cookies are files deposited in your computer’s or device’s browser during your navigation on the Powens website, and are subsequently sent automatically by the browser to Powens’ servers during your navigation.
- [Corporate Home](https://www.powens.com/corporate/)
- [Unnax is Powens](https://www.powens.com/unnax-is-powens/)
- [Solutions](https://www.powens.com/solutions/)
- [Resources](https://www.powens.com/resources/)
- [Coverage](https://www.powens.com/coverage/)
- [Blog](https://www.powens.com/blog/)
- [Platform](https://www.powens.com/platform/)
- [Products](https://www.powens.com/products/)
- [Contact](https://www.powens.com/contact-us/)
- [Media](https://www.powens.com/media/)
- [Partner Program](https://www.powens.com/partner-program/)
- [Startup Program](https://www.powens.com/startup-program/)
- [About us](https://www.powens.com/about-us/)
- [Home](https://www.powens.com/): Esta es una página de ejemplo. Es diferente a una entrada del blog porque permanecerá en un solo lugar y aparecerá en la navegación de tu sitio (en la mayoría de los temas). La mayoría de las personas comienzan con una página «Acerca de» que les presenta a los visitantes potenciales del sitio. Podrías decir algo así:

## Products
- [SAT](https://www.powens.com/products/sat/): Empower smarter advice with 360° financial data and actionable insights
- [Employment Verification](https://www.powens.com/products/employment-verification/): Empower smarter advice with 360° financial data and actionable insights
- [Accounts for my users](https://www.powens.com/products/accounts-for-my-users/): Empower smarter advice with 360° financial data and actionable insights
- [Accounts & Virtual IBANs](https://www.powens.com/products/accounts-for-my-own-payments-operations/): The backbone of your custom payment automation 
infrastructure.
- [Transactions](https://www.powens.com/products/transactions/): Access clean transaction data from 1,800+ banks across Europe - daily refreshed.
- [Business Transactions](https://www.powens.com/products/business-transactions/): Offer instant bank reconciliation from 1,800+ banks and payment providers across Europe.
- [Wealth & Loans](https://www.powens.com/products/wealth-loans/): A full picture of users’ finances.
Accessed instantly, updated daily.
- [Bank ID Check](https://www.powens.com/products/bank-id-check/): Protect your operations at scale with real-time bank identity checks.
- [Valitic](https://www.powens.com/products/valitic/): Single and batch ownership verification for Spanish IBANs.
- [Business Wealth & Loans](https://www.powens.com/products/business-wealth-loans/): Connect SMEs debt & treasury investments to boost accounting & cashflow automation.
- [Instant Transfers](https://www.powens.com/products/instant-transfers/): Instant SEPA pay-outs for instant experiences.
- [Direct Debit](https://www.powens.com/products/direct-debit/): The easiest way to collect recurring payments, automatically.
- [Pay by bank](https://www.powens.com/products/pay-by-bank/): A simpler and faster way to get paid with open banking payments.

## Solutions
- [Lending & Leasing](https://www.powens.com/solutions/lending-leasing/)
- [Property Management](https://www.powens.com/solutions/property-management/)
- [Payments](https://www.powens.com/solutions/payments/)
- [Aggregation for retail banking](https://www.powens.com/solutions/aggregation-for-retail-banking/)
- [Wealth Management](https://www.powens.com/solutions/wealth-management/)
- [Cashback & Rewards](https://www.powens.com/solutions/cashback-rewards/)
- [Accounting, Invoicing & Cash Management](https://www.powens.com/solutions/accounting-invoicing-and-cash/)

## Posts
- [Pay by Bank and How it Compares to Other Payment Methods](https://www.powens.com/blog/pay-by-bank-comparison/): In 2024, the European B2B payments market was valued at more than USD 509 billion and is expected to reach more than 1.1 trillion by 2033, making it one of the biggest payment segments on the continent. 
- [Powens and Formance Announce Strategic Partnership](https://www.powens.com/blog/powens-formance/): Integration brings direct bank connectivity to 2,000+ European banks, enabling automated reconciliation and real-time financial data synchronization for sophisticated financial applications
- [Pay by Bank: Leading Open Banking Technology](https://www.powens.com/blog/pay-by-bank-a2a/): In the next five years, Pay by Bank, a type of account-to-account (A2A) payment powered by Open Banking, will become as accessible as card payments. Juniper Research predicts that the number of A2A payment users will grow by 83% between 2025 and 2030. Analysts state this growth will be driven by key advantages like lower transaction fees, a lack of chargebacks, increased security, and enhanced customer satisfaction. 
- [What is an Open Banking platform?](https://www.powens.com/blog/open-banking-platform/): At a glance:
- [Unnax is now Powens as European Open Finance platform consolidates under one brand](https://www.powens.com/blog/unnax-is-now-powens/): Unnax was founded in Barcelona in 2017, building Open Banking and Embedded Finance solutions for businesses in Spain and Latin America. Since joining Powens in 2024, the two teams have worked together to build a combined platform. 
- [How to Unlock the Power of Open Banking for Next-Level Cashback Programs](https://www.powens.com/blog/open-banking-cashback-programs/): Cashback programs have grown immensely in popularity across Europe, with Spain emerging as a key market. According to ResearchAnMarkets, cashback spending in Spain is projected to reach US$8.73B by 2029, growing at an estimated 12.4% annually.
- [Powens & Signaturit Group: Smarter credit checks and seamless onboarding](https://www.powens.com/blog/signaturit-alliance/): At a glance:
- [EU Fintech Regulations 2026: The 9 Changes Every Fintech Must Prepare For](https://www.powens.com/blog/eu-fintech-regulations-2026/): The European fintech rulebook continues to evolve. Building on the regulatory shifts we covered in our 2025 edition, the pace of change is accelerating as the EU rolls out new and updated legal frameworks once more.
- [EBICS Alternative in France (2026): How Accounting and Financial Software Vendors Can Automate Reconciliation Faster](https://www.powens.com/blog/ebics-alternatives-automating-reconciliation-france/): Luckily, several EBICS alternatives exist today that can reduce a vendor’s operational complexity while still delivering the EU coverage and data freshness necessary to automate reconciliation effectively.  
- [DORA Regulation: How We Implement It at Powens](https://www.powens.com/dora-regulation/): Since coming into force in January 2025, the DORA regulation (Digital Operational Resilience Act) has been a key part of a series of European measures focused on digital finance.
- [A Step-by-Step Guide to Increase Open Banking Connection Rates](https://www.powens.com/blog/boost-open-banking-connection-rates-with-powens-webview/): If you're building an app that relies on Open Banking, your users need to connect their bank accounts. But not everyone completes that journey – and that drop-off hurts your conversion rate, your UX, and ultimately your business model.
- [How Virtual IBANs Solve Collection in Property Management](https://www.powens.com/blog/virtual-ibans-property-management/): Virtual IBANs (vIBANs) offer a critical solution for this very challenge. 
- [Automating Financial Processes for ERP, Accounting, and Cash Management](https://www.powens.com/blog/financial-software-automation/): Another key advantage of automation for accounting software is real-time data, which can provide instant insights into the current financial situation of an SME. Real-time visibility allows accounting software providers to facilitate faster decision-making for their clients. This level of automation, driven by scheduled data syncs and embedded payment integrations, also supports timely payments and optimized cash flow management by reflecting up-to-date financial status. 
- [Prioritization and Connector Tiering at Powens](https://www.powens.com/blog/connector-tiering-api-reliability/): This post is the first installment of a series where we discuss quality at Powens. In this one, we’ll dive into our anomaly prioritization framework.
- [3 Best Practices to Accelerate Your Personal Finance App’s Success](https://www.powens.com/blog/personal-finance-app-best-practices/): A well-defined objective gives your personal finance app a clear purpose and helps set better expectations for users as well as internal stakeholders (tech team and business sponsorship). Also, this objective must be perfectly aligned with the broader strategy of the bank. This will secure a stronger, long-lasting internal sponsorship – a very valuable asset when driving digital projects that encounter many roadblocks and iterations.
- [EU Fintech Regulations 2025: Six Key Changes You Need to Know](https://www.powens.com/blog/eu-fintech-regulations-2025/): Here’s a breakdown of six critical EU fintech regulations for 2025 and what they mean for your business.
- [Budget Education: The Budget Grande Vitesse (High-Speed Budgeting) App Unveiled During Financial Education Week](https://www.powens.com/blog/cresus-launch-app-budget-grande-vitesse/): In response, CRÉSUS, a longstanding advocate for individuals facing over-indebtedness, and Powens, a leader in Open Banking, have teamed up to offer an innovative and practical solution: Budget Grande Vitesse (BGV).
- [Winter 2025 Product Release](https://www.powens.com/blog/winter-2025-product-news/): Powens Q1 2025 product release features upgrades to the Bank solution, fraud tools and preparations for CCD2, new payment capabilities, and improved compliance.
- [How Open Banking is Powering Successful Cashback Programs in Europe](https://www.powens.com/blog/open-banking-cashback-europe/): Cashback programs are growing rapidly across Europe as consumers shift towards immediate financial benefits over traditional loyalty schemes.
- [Top 4 Payment Trends to Watch in 2025](https://www.powens.com/blog/payment-trends-2025/): From instant payments to data governance, regulators are making payment security and efficiency a priority in 2025. Upcoming regulatory deadlines to be aware of, and which are heavily influencing upcoming payment trends, include:
- [The 4 Fintech Trends Influencing Financial Services in 2025](https://www.powens.com/blog/fintech-trends-2025/): The financial services industry faced significant challenges over the past year, and 2025 is set to bring substantial changes.  We’ve identified four major fintech trends that will influence critical industry shifts in 2025. For Fintech, financial management software providers, banks, credit institutions, and tech executives –– as well as non-finance companies looking to embed financial services –– these trends can be your key to successful product development and compliance planning over the next 12 months.
- [Virtual IBANs: What are they and how can they help your business?](https://www.powens.com/blog/virtual-ibans/): Virtual IBANs empower businesses to efficiently manage payment routing and reconciliation while adapting to specific needs. Unlike traditional accounts, Virtual IBANs are designed solely for collecting payments and act as proxy accounts linked to a single master account. This structure enables streamlined operations by facilitating automatic payment identification and reconciliation.
- [The Importance of Real-Time Cash Flow Visibility for Accounting Software](https://www.powens.com/blog/real-time-cash-flow-visibility-accounting-software/): Monitoring cash flow in today’s digital ecosystems requires real-time visibility. While many financial management software platforms already use Open Banking technology, not all systems achieve the seamless accessibility and reliability needed to maximize efficiency.
- [Fall 2024 Product Release](https://www.powens.com/blog/fall-2024-product-release/): The fall air may be cooling, but we’re heating up for our next release of new products and features! Check out our latest innovations in Open Finance and Embedded Banking.
- [Everything about Account Aggregation](https://www.powens.com/blog/account-aggregation-explained/): In 2019 PSD2 came into force in the EU and bank account aggregation has quickly become widespread across the continent.
- [All About the B2B E-Invoicing Mandate in France: A Complete Guide](https://www.powens.com/blog/b2b-einvoicing-in-france/): However, with the new B2B e-invoicing mandate, only certified private platforms (PDPs) will manage B2B invoicing. Over 70 PDPs have been registered, demonstrating strong engagement from the private sector. Businesses will need to use a PDP for compliance with the new B2B rules.
- [Buy Now, Pay Later: New Regulatory Oversight in Europe](https://www.powens.com/blog/bnpl-europe-france-regulation/): For years now, consumers and businesses alike have enjoyed the relatively regulation-free space of Buy Now, Pay Later loans (BNPL) in the EU. This boom is highlighted by the latest research, which projects BNPL payment adoption in Europe to grow by over 15% annually in 2024, reaching a total value of $219.2B by the end of the year. However, as widespread use of BNPLs has grown, so has the regulatory attention on the space. 
- [How CCD2 Impacts BNPL Providers – And How Open Banking Can Help](https://www.powens.com/blog/bnpl-open-banking-impact-for-ccd2/): With the new European Consumer Credit Directive 2 (CCD2) taking direct aim at BNPL services, BNPL providers must optimize their operations through modern technologies to ensure thorough, fair, and fast creditworthiness assessments.
- [Simplifying Bank Reconciliation With Virtual IBANs](https://www.powens.com/blog/bank-reconciliation-virtual-ibans/): Bank reconciliation is often a complex process prone to human error. Simplifying this process requires flexible solutions like IBANs and Virtual IBANs, which can greatly benefit businesses like financial software vendors, subscription services, utility companies, and other service providers by allowing them to issue IBANs to their clients.
- [Microlending in Spain: The impact of the Consumer Credit Directive 2](https://www.powens.com/blog/consumer-credit-directive-spain/): The EU’s Consumer Credit Directive 2 (CCD2) has its sights set on digital microlending.
- [Elevating Financial Management Software with Open Finance & Embedded Payments](https://www.powens.com/blog/financial-management-open-finance-embedded-payments/): With Powens Open Finance platform, financial software platforms can automatically retrieve transactions from their customer bank accounts. This automation ensures that all financial records are up-to-date and accurate, reducing the risk of discrepancies and freeing up valuable time for finance teams to focus on more strategic tasks.
- [Automated Bank Reconciliation for Financial Software: How to Build It Right in 2026](https://www.powens.com/blog/automated-bank-reconciliation-financial-software-2/): Automated bank reconciliation simply means that the process is handled automatically using Open Banking, embedded payment technologies, other API-based technologies, or a combination of the three. An automated solution can detect errors, prevent fraud, and help to maintain accurate financial records, all without requiring manual intervention. 
- [The Use Cases for Account Ownership Verification Across Industries](https://www.powens.com/use-cases-account-ownership-verification/): As embedded banking products have become widespread, businesses in many industries must rethink their account validation processes.
- [Summer Product Release 2024](https://www.powens.com/blog/summer-product-release-2024/): As the trusted Open Finance provider of Europe’s top B2B financial management software (Pennylane, Qonto, Agicap), Powens once again leads the way to unlock growth for European SMEs, by powering a more efficient use of their financial data.
- [What is a local IBAN, and why do you need them?](https://www.powens.com/blog/what-is-a-local-iban/): Local IBANs are specific to one particular country. The basic structure of a local IBAN consists of a country code (i.e. in Spain, a local IBAN starts with “ES,” while in France, it’s “FR”), a bank identifier, and an account number.
- [Guide to Open Banking, Open Finance, BaaS, & Embedded Finance](https://www.powens.com/blog/definition-open-banking-embedded-finance-baas/): For non-financial services companies, financial services terms can be difficult to differentiate.
- [The differences between Open Banking, Open Finance, BaaS & Embedded Finance](https://www.powens.com/blog/open-banking-open-finance-baas-embedded-finance/): If you’ve dipped a toe into the world of financial services as a non-traditional financial company or software company, you’ve probably heard of Open Banking, Open Finance, Embedded Finance, Embedded banking or Banking-as-a-Service (BaaS).
- [Unibo Leveraged Powens IBAN Accounts to Achieve 15X Growth in Just One Year](https://www.powens.com/blog/unibo-leveraged-iban-accounts-to-achieve-15x-growth/): Unibo is the first digital account created for commonholds, designed by and for property managers who currently manage 80% of the buildings in Spain. To help property managers overcome the challenges of traditional banking for expense and income management, Unibo offers an alternative solution with a custom and entirely digital online portal.
- [The Ultimate Guide to Embedded Banking](https://www.powens.com/blog/guide-to-embedded-banking/): Over recent years, embedded banking has emerged as a vital tool for seamlessly integrating banking capabilities into platforms and applications. Businesses in non-banking industries especially can gain considerable advantages by leveraging embedded banking solutions.
- [Embedded Banking Q&A: Everything You Need to Know](https://www.powens.com/blog/embedded-banking/): With the global embedded banking market set to grow by 148% by 2028, embedded banking solutions will play a key role in the future of integrated finance.
- [Powens Finalizes Acquisition of Spanish EMI Unnax](https://www.powens.com/blog/acquisition-of-spanish-emi-unnax/): Paris, April x, 2024 – The completion of Unnax's acquisition by Powens marks a significant milestone in the evolution of the financial technology industry. Recently approved by the Spanish regulatory and supervisory authority - Banco de España - this acquisition gives rise to a powerful new entity, combining the strengths of two major players in the sector to offer innovative and comprehensive financial solutions.
- [How do PSD3 and PSR impact the EU payments sector?](https://www.powens.com/blog/psd3-psr-eu-payment-impacts/): The European Union is on the verge of a notable regulatory transformation with the impending arrival of Payment Services Directive 3 (PSD3) and the Payment Services Regulation (PSR). These revisions are poised to redefine the dynamics of payment services and e-money, building upon the groundwork laid by PSD2, with a focus on fortifying consumer protection, fostering open banking, and promoting competition in payment services across the EU.
- [Open Banking Adoption and Innovation Around the World](https://www.powens.com/blog/open-banking-adoption-innovation-around-the-world/): A decade ago, the UK kickstarted the Open Banking movement. Now, Open Banking has been rolled out and adopted on all continents –– albeit at different speeds. Regulations like PSD2 (Europe), CDR (Australia), and the Fintech Law (Mexico) have played a pivotal role in influencing how Open Banking is growing in different parts of the world. They’re also setting standards for what consumers expect from financial services, leading to solutions that are more accessible and personal, and give users complete control over their financial data.
- [Account Ownership Verification: What Is It & Why Do You Need It?](https://www.powens.com/blog/bank-account-ownership-verification/): The account ownership validation process has evolved significantly, moving away from manual verification and outdated database checks. Today, instantaneous account ownership verification is a critical component of secure financial operations, allowing businesses to confirm account ownership without unnecessary friction.
- [Plan and Pay with Powens](https://www.powens.com/blog/plan-and-pay-with-powens/): We’re simplifying payments and financial planning with an upcoming link to receive payments and a loan amortization feature
- [Open Banking: How To Manage User Consent?](https://www.powens.com/blog/open-banking-how-manage-user-consent/): Open Banking is setting new expectations for what we expect from European financial services, especially in France. This fresh approach lets customers hold more control over their financial data, which can be shared securely with third-party providers. With 86% of 25 to 34-year-olds in France reported to use online banking services, the French Open Banking market is expected to reach a CAGR of 25% by 2027, but it all hinges on one key factor: consent.
- [Open Banking Innovation: Future Trends to Watch Out For](https://www.powens.com/blog/open-banking-trends-future/): Ever since the PSD2 came into force, Open Banking has completely reimagined the financial services industry in France and across Europe. With APIs at its heart making innovation ever more possible, Open Banking has had a massive impact on the industry. In France alone, trust in Open Banking continues to grow, with over 60% of consumers willing to share their financial data with trusted third-party providers –– a significant shift in consumer behavior.
- [Everything about mandatory B2B electronic invoicing in Spain](https://www.powens.com/electronic-invoicing-in-spain/): New electronic invoicing regulation is on the horizon for Spanish businesses.
- [How Open Banking is Integrating AI and Machine Learning](https://www.powens.com/blog/open-banking-integrating-ai-machine-learning/): AI and machine learning have taken the world by storm, and the finance industry is no exception. Open Banking is already putting AI to work, changing the ways we bank, invest, and manage money. By 2030, the global forecast for the AI banking technology market is an astonishing €64 billion. 
- [Winter Product Release 2024](https://www.powens.com/blog/winter-product-release-2024/): Improving accuracy is one of the main use cases provided by Open Banking. The technology demonstrated immediate value by giving accounting software access to relevant, up-to-date financial data. With Open Banking, managing money and reviewing transactions went from a slow process based on file exchange with banks to a real-time, API-based connectivity. As a result, processes were automated and streamlined, helping companies reduce manual errors and cut costs.
- [Open Banking and the Role of Digital Identity Verification](https://www.powens.com/blog/open-banking-digital-identity-verification/): Open Banking has been shaking up the financial services industry for over a decade. Enabling third-party providers to use bank customer data via APIs (Application Programming Interfaces) with the customer's consent paved the way for new, innovative solutions and players to enter the field. With more than 11% of British consumers and 17% of small businesses already using Open Banking services in 2023, it has firmly established itself in the financial ecosystem.
- [Open Banking and the Future of Personal Financial Management Tools](https://www.powens.com/blog/open-banking-future-personal-financial-management/): By boosting competition and accelerating digitalization across the finance industry, Open Banking has empowered consumers to easily engage with a wider range of financial products than ever before. As a result, today people often juggle multiple accounts and contracts for everything from savings and investments to loans and insurance. This has led to a new challenge: managing countless personal finance solutions from a variety of providers.
- [Leveraging Technological Solutions to Combat Fraud & Default in Lending](https://www.powens.com/blog/lending-fraud-vs-default/): All lenders eventually deal with default — even those with highly powerful and reliable scoring systems. This is particularly true in the currently challenging economic environment, with signs indicating an increase in defaults is incoming. In Spain, for instance, a Bank of Spain report shows that almost 1 in 10 households are not able to cover their essential expenses with their current income, and core inflation hit over 5% in October 2023.
- [White paper – Supercharging software solutions](https://www.powens.com/blog/white-paper-supercharging-software-solutions/): Consider for a moment an entrepreneur who is building an accounting solution. Like anyone else looking to make a splash, their goal is the eventual widespread use of their product. To achieve this, the product must stand out from the rest.
- [All About SEPA Instant Credit Transfers](https://www.powens.com/blog/sepa-instant-credit-transfers/): If you operate a business in the EU, you are likely familiar with SEPA Instant Credit Transfers, also known as SEPA real-time payments.
- [Ensuring data security in Open Banking](https://www.powens.com/blog/data-security-open-banking/): In the financial services industry, Open Banking is still making waves, and showing no sign of stopping. In fact, Open Banking use in Europe is predicted to double between 2022 and 2027, proving just how much interest there is in faster and more secure payment methods.
- [Powens ERP efficiency](https://www.powens.com/blog/powens-erp-efficiency/): Our mission at Powens has been to expand our product portfolio to provide our customers with a total package of Open Finance tools. This includes streamlining common processes, going beyond payments (PIS), and improving data aggregation. All of the above provides the efficiency that companies need to remain competitive.
- [Taking transactions further!](https://www.powens.com/blog/bank-advanced/): Navigating the technical aspects of bank reconciliation can be a bit tricky. For those who have mastered it, one of the first things they’ll explain is just how much time is spent on matching initial customer invoices to final payments. It takes time and precision to ensure that the transactions in your system match the reconciled payments at the bank.
- [Use cases of Open Banking: Real-world applications and success stories](https://www.powens.com/blog/real-use-cases-open-banking/): Open Banking is taking over the financial industry. Based on a framework for securely sharing financial data in real-time, Europe is also hooked, with the number of Open Banking users expected to reach 63.8 million in 2024 –– nearly 50% of global users. This is setting a new pace that financial institutions and fintechs need to keep up with.
- [White paper – Fortifying fintech](https://www.powens.com/blog/white-paper-fortifying-fintech/): Our platform provides seamless integration capabilities, allowing tech companies to connect with multiple financial institutions, banking APIs, and data sources. By leveraging Open Finance APIs, tech companies can easily access and aggregate real-time financial data, enabling them to build apps that offer comprehensive financial insights and personalized user experiences.
- [White paper – Better banking](https://www.powens.com/blog/white-paper-better-banking/): The path forward in banking is paved with personalized banking experiences. Customers are more than just numbers in a system. They are individuals, families, associations, and businesses, and each of these makes particular decisions based on their income and economic outlook. In banking, to help these individuals and institutions achieve their financial goals, only the most pertinent information will do.
- [Powens Fall Product Release](https://www.powens.com/blog/powens-fall-product-release/): In the movie Superman II, everyone’s favorite superhero makes the difficult choice of temporarily giving up his powers. Ok, whether Superman is everyone’s favorite superhero is up for debate, but what’s not up for debate is how the superpowers of Powens revolutionize Open Finance. As such, it would be a shame for your customers to find themselves in Superman’s position, and potentially lose the superpowered advantages our solutions provide!
- [Mitigating Threats: Risk Management and Fraud Prevention in Open Banking](https://www.powens.com/blog/mitigating-threats-risk-management-and-fraud-prevention-in-open-banking/): The rapidly evolving realm of Open Banking, underpinned by technology-driven advancements, promises a future where financial transactions are more personalized, efficient, and inclusive. However, with every opportunity comes a set of challenges, particularly when it comes to managing risks and preventing fraud. As an Open Banking marketing influencer, I'll explore how the industry is proactively addressing these challenges while leveraging the potential of this exciting new paradigm.
- [Revolutionizing Transactions: Payment and Payment Initiation Services in Open Banking](https://www.powens.com/blog/revolutionizing-transactions-payment-and-payment-initiation-services-in-open-banking/): The financial industry is no stranger to technological revolutions, and one of the latest transformative concepts that has sparked a paradigm shift in the way transactions are conducted is Open Banking. At its core, Open Banking represents an approach that utilizes Application Programming Interfaces (APIs) to grant third-party developers secure access to financial data. This fosters the development of innovative and efficient solutions in financial services, including payment and payment initiation services. Let’s delve deeper into this exciting Open Banking domain.
- [Unveiling the Potentials: Consumer Benefits and Corporate Advantages in Open Banking](https://www.powens.com/blog/unveiling-the-potentials-consumer-benefits-and-corporate-advantages-in-open-banking/): With the advent of technology, the banking sector has perpetually been on the brink of innovation, continually integrating new systems and methodologies to enhance user experiences and functionalities. One such transformative approach resonating through financial landscapes is Open Banking, which, in simpler terms, refers to the process of utilizing open APIs (Application Programming Interfaces) that enable third-party developers to build applications and services in harmony with the institution. Merging this with the broader realm of Open Finance, which encompasses a broader array of financial products and services, the spectrum of benefits experienced by consumers and companies alike becomes notably widespread.
- [The difference between Open Banking and Open Finance](https://www.powens.com/blog/the-difference-between-open-banking-and-open-finance/): Open Banking and Open Finance are two groundbreaking concepts in the financial industry that have been transforming the way financial data and services are accessed and shared. Although both aim to enhance financial inclusivity, innovation, and consumer choice, they differ significantly in scope, application, and potential impact on the financial ecosystem. This article delves into the nuances of Open Banking and Open Finance, highlighting their differences and exploring how they are reshaping the future of finance.
- [The Impact of Open Banking on Financial Services](https://www.powens.com/blog/impact-open-banking-financial-services/): Fueled by regulatory changes, technological advancements, and increasing customer expectations, Open Banking has risen rapidly in recent years. Reimagining how financial data is shared has completely shaken up the financial service industry and led to more competition and innovation. This has given consumers more choices, better products, and more affordable prices.
- [Overcoming the barriers to Open Banking adoption in Europe](https://www.powens.com/blog/barriers-open-banking-adoption-europe/): Open Banking came into force in 2018 with the revised Payment Services Directive (PSD2), and European users were quick to jump on board. By 2020, Statista reported over 12 million Open Banking users in Europe alone. This year, the report predicts nearly 64 million users in Europe, proving the massive growth and potential that Open Banking offers.
- [How Open Banking can bridge the financial inclusion gap in France](https://www.powens.com/blog/open-banking-a-tool-for-financial-inclusion-in-france/): Open Banking is changing how we handle finances. By letting third-party providers safely access banking data, it allows for fresh financial services. APIs make this possible, creating a more connected and competitive market. When PSD2 was introduced in 2018, it drove these changes across Europe, particularly in France. This directive mandates banks to open up their payment services and share customer data with third-party providers. The aim? To foster competition, spark innovation, and offer better services at lower costs for everyone.
- [Unlocking Open Banking : Benefits for Consumers & Businesses](https://www.powens.com/blog/unlocking-open-banking-benefits-for-consumers-businesses/): Open Banking, a transformative concept resonating through financial landscapes, revolves around the utilization of open Application Programming Interfaces (APIs). These APIs enable third-party developers to access bank data to create applications and services that seamlessly align with the institution's offerings. Merging this concept with the broader realm of Open Finance, which encompasses a wider array of financial products and services, expands the spectrum of benefits experienced by consumers and companies, creating a notably widespread impact.
- [The new legislative framework for payments: Is this PSD2 part two, or is PSD3 the real deal?](https://www.powens.com/blog/nouveau-cadre-legislatif-des-paiements-dsp2-bis-dsp3-ou-veritable-tournant/): On June 28, the European Commission published a new legislative package that includes a revision of the Payment Services Directive (PSD3), the PSR (Payment Services Regulation) regulation, and a proposal for an Open Finance regulation called FiDA (Financial Data Access).
- [Summer 2023 Product Release](https://www.powens.com/blog/summer-2023-product-release/): Even superpowers get upgrades, so we’ve been hard at work supplying our solutions with enhancements, including some you won’t find anywhere else. Discover the latest features of our product line.
- [How the PSD3 regulation will impact the European financial industry](https://www.powens.com/blog/how-psd3-regulation-will-impact-europe-financial-industry/): Following a series of public consultations and impact studies, the Commission released its official proposal for PSD3 in June 2023. The main goal of the new PSD3 proposal is to evolve the EU payments framework to improve the functionality of the region’s payments markets.
- [Boost conversion with Open Banking](https://www.powens.com/blog/boost-conversion-with-open-banking/): That doesn’t mean you should just sit idly by, waiting for the day when customers will finally embrace Open Banking with open arms on their own. You could be waiting for a long time. Instead, seize this opportunity to educate and reassure customers about the benefits, safety, and security of Open Banking whenever possible, especially at points along the customer journey that seem prone to conversion roadblocks. Doing so will not only work wonders to calm their fears, in context and in real time, but also provide a much-needed dose of peace of mind to continue their journey without a worry in sight.
- [Colbr Integrates Powens into its Solutions](https://www.powens.com/blog/colbr-integrates-powens-into-its-solutions-last/): Founded in 2012 in Paris, France as Budget Insight and rebranded in 2022 as Powens, the company is one of the first Open Finance platforms in Europe. The cutting-edge, end-to-end platform empowers over 260 leading financial services companies to automate processes, improve risk management, shorten the time to decisions, and enrich customer insight. The platform makes it possible to access the most accurate financial data from multiple sources such as checking and savings accounts, loans, investments, and assets in a fully-compliant way. It also provides solutions to streamline customer onboarding, enable credit decision-making, and automate invoicing and payments. Powens is a licensed Account Information and Payment Initiation Services provider, operating throughout the EU.
- [Responsible lending: How digital innovation is reshaping the lending space](https://www.powens.com/blog/responsible-lending/): When it comes to responsible lending, there’s more than just the customer’s financial stability at risk.
- [Italy’s Open Finance Revolution](https://www.powens.com/blog/powens-fuels-italys-open-finance-revolution/): Today, Powens, Europe’s Open Finance leader, is bringing its Open Finance expertise as well as its full suite of industry-leading Open Finance solutions to Italy, empowering banks and financial institutions to harness the potential of Open Finance to create customer experiences that boost engagement, increase conversion, and drive customer loyalty.
- [Spring 2023 Product Release](https://www.powens.com/blog/spring-2023-product-release/): We’ve been busy the last quarter listening to your feedback and creating solutions to enhance your Powens experience. Here are our latest product and feature highlights:
- [Powens and Unnax Join Forces](https://www.powens.com/blog/powens-and-unnax-join-forces/): Paris and Barcelona, April 3 2023 – Today, Powens in France and Unnax in Spain, two of Europe’s most prominent Open Finance fintech leaders, announce their official agreement to join forces and create a European Open Finance champion.
- [Lending fraud: What lenders need to know](https://www.powens.com/blog/lending-fraud-types-and-solutions/): Lending fraud is a prevalent issue worldwide and affects lenders of all kinds, from large banks to small community operations and credit unions — and even Fintechs.
- [Open Banking: The Key to Unlock Instant Credit Decisions](https://www.powens.com/blog/open-banking-the-key-to-unlock-instant-credit-decisions/): Whenever money gets lent out, regardless of the sum or the reason for the loan, there’s an element of risk involved—calculated or otherwise. This is why assessing and managing risk has been the backbone of the lending industry since its very inception.
- [What Could Possibly Go Wrong With PSD3? Everything.](https://www.powens.com/blog/what-could-possibly-go-wrong-with-psd3-everything/): The European Commission is finalizing its review of current PSD2 regulations and the various proposals it received for amending those regulations during last year’s consultation period. So knowing that the arrival of a potential new directive, dare we say PSD3, may very well be on the horizon, there’s no better time than now to remind ourselves of the ongoing fiasco of PSD2—including its regulatory technical standards (RTS) and implementation nightmares—to avoid making the same mistakes in the future. 
- [5 problems Open Banking can solve](https://www.powens.com/blog/5-problems-can-solve/): Open Banking is a concept that refers to the practice of sharing financial data with third-party providers through open application programming interfaces (APIs). It allows banks and other financial institutions to share data and services with other organizations and software applications in a secure and standardized way. This creates new opportunities for innovation and competition in the financial services industry.
- [Why should crypto platforms leverage fiat wallets?](https://www.powens.com/blog/fiat-wallets-for-crypto/): In this blog post, we'll explain why crypto platforms should use fiat wallets and discuss the benefits of doing so.
- [Purchasing Power: how do Finfrog and Powens leverage Open Banking?](https://www.powens.com/blog/purchasing-power-finfrog/): This is the case of Finfrog, which took on the issue of purchasing power by designing a platform for loans between individuals which had more than 300,000 users in 2022. Find out how this fintech delivers loans that are affordable, responsible, and accessible to the vast majority of people using Powens' Open Banking technologies.
- [All About Open Banking](https://www.powens.com/blog/all-about-open-banking/): If you don’t live and breathe everything going on in the fintech world these days, you might have heard the term “Open Banking” thrown around—without actually knowing what Open Banking is and how Open Banking works. So to make sure we’re all speaking the same language, we thought we’d provide a quick overview of the ins and outs of Open Banking that even a fintech novice can understand easily.
- [Introducing our new product: Trust](https://www.powens.com/blog/introducing-our-new-product-trust/): Today, Powens is excited to announce the launch of Trust, an instant customer verification and onboarding solution powered by Open Finance. Long gone are the days of going back and forth with customers or suppliers to get access to the verification documents you need.
- [Grisbee Embraces Open Finance](https://www.powens.com/blog/grisbee-embraces-open-finance/): Portfolio wealth management is both an art and a science because a customer’s asset and investment portfolio can often include a number of dynamic and complex elements that can shift daily. For financial advisors, providing accurate and reliable portfolio analysis requires having access to the most up-to-date financial data at all times. Unfortunately, collecting this information manually—which is how the industry has done it for years—has never been an efficient way to either stay on top of ever-changing market conditions or address real-time customer needs. This is precisely why Grisbee was founded on the promise of bringing wealth management into the digital age. To accomplish this, they needed to tap into the power of Open Finance and looked no further than Powens to support their data aggregation needs.
- [Why does my company need an Open Finance platform?](https://www.powens.com/blog/why-does-my-company-need-an-open-finance-platform/): The transformation of the financial services landscape is already well underway. From a handful of banking brands, we have moved to a multitude of players offering financial, payment, and fintech solutions and apps, with an acceleration of their launches and upgrades.
- [How does Open Banking work?](https://www.powens.com/blog/how-does-open-banking-work/): The easiest way to explain how Open Banking works is to provide a real-life example.
- [Web Scraping for Open Finance](https://www.powens.com/blog/web-scraping/): If you’re new to this, you might be asking yourself, "What is web scraping for Open Finance exactly?" Calling out "Open Finance" in this instance is an important distinction because there are actually a lot of other use cases where web scraping—sometimes also referred to as screen scraping—is often used outside of the financial services world. And for the purposes of this article, we want to focus squarely on web scraping for Open Finance. That’s why we thought it would be useful to offer up a quick refresher to make sure we’re all on the same page.
- [From Open Banking to Open Finance](https://www.powens.com/blog/from-open-banking-to-open-finance/): Open Banking is a real revolution that is the source of many innovations and new business models. Thanks to the opening of banking data and the acceleration of data flows encouraged by European legislation, Open Banking is shaking up the financial landscape.
- [A practical guide to MiCA crypto regulation](https://www.powens.com/blog/mica-crypto-regulation/): The European Union is in the final stages of officiating a new piece of legislation called the Markets in Crypto-Assets Regulation, or MiCA for short. As this regulation transitions into the final phase of negotiation, crypto platforms operating in Spain and the wider EU region must have a clear understanding of how this legislation affects them.
- [Open Finance: 7 ingredients for successful financial apps](https://www.powens.com/blog/open-finance-7-ingredients-for-successful-financial-apps/): Just like retail brands, players in the banking, finance, and insurance sectors are subject to the logic of changing packaging or launching a new product every six months! All sectors are facing the acceleration of the product life cycle and are engaged in a permanent race for innovation.
- [What is Open Banking?](https://www.powens.com/blog/what-is-open-banking-2/): Open Banking is a system for accessing and sharing financial data via secure access between different parties, to provide individuals and businesses with a greater choice of personalized financial services.
- [Winter 2023 Product Release](https://www.powens.com/blog/winter-2023-product-release/): Back in December, we announced the launch of Advisory, a new Open Finance product designed to enhance and streamline how banks and credit institutions go about making credit decisions with live categorized transactional data.
- [From Open Banking to Open Finance: What Does the Future Hold for Big Banks and Insurance Companies?](https://www.powens.com/blog/open-banking-open-finance-future-big-banks-insurance-companies/): Open Banking has dramatically changed the world of financial services to bring new innovations and streamlined customer experiences to life. And while Open Banking is now practically omnipresent across the entire financial services industry, the Open Finance revolution has been rapidly evolving behind the scenes. Because the shift to Open Finance offers financial services providers access to a much broader array of financial data—beyond checking account data alone—it’s no surprise that banks and insurance companies are interested in accessing this data in order to offer their customers new solutions and more personalized services. 
- [From Open Banking to Open Data – What Does the Future Hold?](https://www.powens.com/blog/open-banking-open-data-future/): Therefore, we have entered the era of Open Data and, if we take Open Banking as an example, we can discover similar opportunities created by secure private data sharing.
- [Extending our European footprint](https://www.powens.com/blog/extending-our-european-footprint/): Our leading Open Finance platform gives financial institutions, fintech players, and business management software vendors secure access to personal and business banking transactional data while also unlocking the ability for instant account-to-account payment flows. This allows to create seamless embedded finance experiences that attract, convert, and retain customers better than ever.
- [Introducing our new product: Advisory](https://www.powens.com/blog/introducing-advisory/): Today, Powens is launching Advisory, a new Open Finance product designed to enhance and streamline how banks and credit institutions go about making credit decisions with live categorized transactional data.