How they describe themselves: Eurobits Technologies is the European pioneer and leader in Account Aggregation Services. We transform the way people and business interact with Financial Services, empowering their decision making though fast and reliable access to all relevant information. Eurobits is an independently owned B2B services company based in Spain, providing PSD2 solutions to the largest Financial Institutions & Fintechs in the Euro-zone and LATAM, such as BBVA, Banco Santander, LBP, KBC, ICA Banken or Fintonic.
How they describe their product/innovation: A one-stop information retrieval gateway that aggregates all the financial, non-financial, and public administration records of an end-user.
The process is user-initiated, compliant with GDPR and PSD2, and operates in real-time, providing a full financial and fiscal snapshot of the user in under a minute.
We believe this to be the first aggregation hub of its kind in Europe; an end to end digital solution that allows for a multitude of value added use cases. In the demo, we partner with Experian to give a 360º credit score for a merchant.
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms