How they describe themselves: FI.SPAN is a cloud-based API services management platform that allows banks to use APIs to connect to customers and FinTechs. FI.SPAN allows banks to “speak” API simply and quickly without the pain and cost of modernizing existing legacy systems. For many banks, FI.SPAN is a bridge solution to get significant API capability to avoid the high cost of modernizing internal systems in a short period of time.
Hosted on AWS, FI.SPAN’s service provides a secure, scalable solution for FIs that comes complete with our sophisticated ongoing monitoring and troubleshooting capabilities. All service requests coming through FI.SPAN can be monitored and controlled in a fully auditable, SOC 2 Type 1 compliant environment.
How they describe their product/innovation: FI.SPAN automates the connections between a bank and their clients primary ERP/Accounting system. This makes automation the two way flow of data for Payables, Receivables, Reporting and Lending products that would involve clunky manual and file based processes.
Product distribution strategy: Direct to Business (B2B)
Bus. Dev. & Press: Clayton Weir, Head of Strategy & Product, email@example.com