NEOS
Open Banking multi country solution to build a smart financial service
Unlocking the potential of your financial services

Build the future of your financial services by leveraging on NEOS, to access a wide range of high-quality financial data from banks across Europe, through a single API. You can deliver smart financial services and implement new customer experiences, unlocking the potential for your business thanks to Open Banking.

Strengths
Key features
 

Standardized access to Account

 

Data aggregation

 

Data enrichment through Categorization Engine

 

Score and advanced Analytics calculation

Countries and Coverage

Available Countries Countries in RoadMap
Austria
Belgium
Cyprus
Hungary
Czech Republic
Netherlands
France
Romania
Germany
Others coming soon
Greece
   
Ireland
   
Italy
   
Malta
   
Poland
   
Portugal
   
Slovak Republic
   
Spain
   
United Kingdom
   
Access to Account and Strong Customer Authentication

Get a complete picture of your customers' finances. Use the account aggregation service to deliver more engaging and personalized experiences with access to a broad range of financial data.

Access to Account is the first step for the acquisition of the End User Consent, through a Strong Customer Authentication (SCA) which is regulated by PSD2. NEOS manages two types of consent:

  • One-Time: to get an instant financial evaluation of your customers;
  • Recurring: to monitor customers’ finances, also integrating money management applications such as Personal and Business Financial Management.
CRIF Categorization Engine

Based on Machine Learning and A.I., the NEOS categorization tool is the module that classifies, on CRIF Taxonomy basis, each transaction from all payment accounts in one of the expense or income categories.
The main features are:

  • Diversified Categorization (consumer/business)
  • Multi-language management
  • Multiple providers dialect adaptive
  • Multiple currency management
  • Behaviors recognized
  • High accuracy (Avg 90%)
NEOS Score and KPIs

The NEOS Score is a creditworthiness score to measure the applicant's predictive credit risk. It’s totally based on payment account information and on the categorization of the banking descriptions performed by CRIF proprietary algorithms and developed through advanced analytics techniques.

Consumer and Business customers can be also evaluated according to a set of predefined KPIs, financials and marketings, allowing different insights based on transactions categorization and credit risk indicators

  • Developed at counterparty level to optimally manage multi-bank customers
  • High Gini Performance
  • Profiling applicants with a limited credit history, SMEs with no obligation to produce a financial statement, freelancers, etc...
  • More than 245 Consumer and 190 Business KPIs
Key Benefits
  • Automatic and instant profiling
  • Cost optimization (dynamic workflow)
  • Risk mitigation
  • Improved customer knowledge
  • Trend rising in worthy new2credit and new2country customers
Success Stories
Personal loan approval through digital channels

For a Tier 1 Italian Lender that has risk management requirements

 

PAIN POINTS

  • Lack of a reliable and strong creditworthiness evaluation for new-to-credit subjects
  • Lack of a smooth digital experience for its final customer

GOALS

  • Empowering the existing scoring model, by distinguishing the medium risk level
  • Improving the time to market, by ensuring an online result
  • Improving final customer digital profiling
  • Receiving market insight & feedback about the usage and capacities of this new data asset
Recovery of rejected customers
For a credit cards & financial services issuer that needs to recover rejected online applications

 

PAIN POINTS

  • Lack of a strong identification process for the low-risk customers among the previously rejected portion of customers (SWAP IN)
  • Lack of an appropriate and effective creditworthiness evaluation

GOALS

  • Increase in financial inclusion
  • Completeness of the information
  • Leverage new data sources avoiding implementation costs in the short term

 

The Power of the Crif Network. Delivered as APIs.
Used APIs
View all Apisarrow_forward_ios
NEOS

Crif PSD2 compliant service performing Access to Current Account data, data aggregation, data categorization and calculation of KPIs and Scores for augmented and faster business development.

Overviewarrow_forward_ios
Documentationarrow_forward_ios
Referencearrow_forward_ios