Open-Finance.ai Company Profile

Background

Overview

Open-Finance.ai is a financial technology company headquartered in Tel Aviv, Israel, specializing in open banking data connections and next-generation payment solutions. Founded in 2021 by CEO Itzik Gini and co-founder Shay Basson, the company aims to provide secure and efficient financial technology tools for small and medium-sized businesses (SMBs), fintech companies, and enterprise financial institutions.

Mission and Vision

Open-Finance.ai's mission is to revolutionize financial services by offering comprehensive, user-friendly APIs and SDKs that enable businesses to leverage customer financial data effectively. The company's vision is to foster innovation and competition in the financial sector by providing accessible and secure open banking solutions.

Industry Significance

Operating at the intersection of finance and technology, Open-Finance.ai plays a pivotal role in the open banking ecosystem, facilitating seamless data sharing and integration between financial institutions and third-party service providers. This integration enhances financial services, promotes competition, and drives economic activity.

Key Strategic Focus

Core Objectives

Open Banking Solutions: Develop and provide secure and efficient open banking data connections.

Next-Generation Payments: Offer innovative payment solutions that streamline financial transactions.

Financial Data Utilization: Enable businesses to effectively leverage customer financial data through robust APIs and SDKs.

Areas of Specialization

Open Banking Platforms: Providing platforms that facilitate secure data sharing between financial institutions and third-party providers.

Payment Solutions: Developing advanced payment systems that enhance transaction speed and security.

Financial Data Integration: Offering tools that integrate and analyze financial data to support business decision-making.

Key Technologies Utilized

APIs and SDKs: Developing application programming interfaces and software development kits to enable seamless integration of financial services.

Open Banking Protocols: Implementing standards that ensure secure and standardized data sharing in the financial sector.

Primary Markets Targeted

Small and Medium-Sized Businesses (SMBs): Providing scalable financial solutions tailored to the needs of SMBs.

Fintech Companies: Offering tools that support the development and deployment of innovative financial services.

Enterprise Financial Institutions: Supplying comprehensive solutions that integrate with large-scale financial operations.

Financials and Funding

Funding History

As of November 2025, Open-Finance.ai has not publicly disclosed specific details regarding its funding history, total funds raised, or recent funding rounds. The company has not announced any notable investors or the intended utilization of capital.

Pipeline Development

Key Pipeline Candidates

Open-Finance.ai is actively developing a suite of financial technology tools, including:

Open Banking Data Connections: Platforms that facilitate secure data sharing between financial institutions and third-party providers.

Next-Generation Payment Solutions: Innovative payment systems designed to enhance transaction speed and security.

Stages of Development

The company is in the development and deployment stages for its suite of financial technology tools, focusing on integrating open banking data connections and payment solutions into the financial services ecosystem.

Target Conditions

Open-Finance.ai's solutions are designed to address challenges in data sharing, payment processing, and financial data integration within the financial services industry.

Anticipated Milestones

The company aims to achieve significant milestones in the adoption and integration of its open banking platforms and payment solutions, contributing to the advancement of open banking in Israel and beyond.

Technological Platform and Innovation

Proprietary Technologies

Open Banking Platforms: Secure and standardized platforms that enable data sharing between financial institutions and third-party providers.

Payment Solutions: Advanced payment systems that streamline financial transactions and enhance security.

Significant Scientific Methods

Data Integration Techniques: Methods for integrating and analyzing financial data to support business decision-making.

Open Banking Protocols: Standards that ensure secure and standardized data sharing in the financial sector.

Leadership Team

Executive Profiles

Itzik Gini: Co-Founder and CEO. With a background in finance and technology, Gini co-founded Open-Finance.ai in 2021, focusing on developing innovative financial technology solutions.

Shay Basson: Co-Founder. Basson brings expertise in financial services and technology, contributing to the strategic direction and growth of Open-Finance.ai.

Competitor Profile

Market Insights and Dynamics

The open banking and financial technology sector is experiencing rapid growth, driven by regulatory reforms and technological advancements. Companies like Open-Finance.ai are at the forefront of this transformation, offering solutions that enhance data sharing and payment processing.

Competitor Analysis

Key competitors in the open banking and financial technology space include:

Plaid: A leading data aggregator that connects financial institutions with third-party applications.

Flinks: Provides tools for financial innovation, enabling businesses to access and utilize financial data.

Datanomik: Specializes in strategic treasury solutions, offering visibility and intelligence in cash management.

Strategic Collaborations and Partnerships

In July 2022, Open-Finance.ai partnered with FICO, a global analytics software provider, to integrate the FICO® Blaze Advisor® decision rules management system into its open banking platform. This collaboration aims to automate and enhance credit assessment processes, moving away from manual methods to real-time, analytically driven appraisals.

Operational Insights

Open-Finance.ai differentiates itself through its comprehensive suite of financial technology tools, focusing on secure and efficient open banking data connections and next-generation payment solutions. The partnership with FICO enhances its capabilities in real-time credit assessments, positioning the company as a significant player in the open banking ecosystem.

Strategic Opportunities and Future Directions

Open-Finance.ai is well-positioned to capitalize on the growing demand for open banking solutions and innovative payment systems. The company's strategic focus on secure data sharing and efficient payment processing aligns with global trends towards digital financial services. Future opportunities include expanding its product offerings, entering new markets, and further enhancing its technological platforms to meet the evolving needs of the financial sector.