Monterail Open Banking Solution for Kuwaiti banks

Launch OpenBanking now.
In weeks not months.

Regardless of CBK expected regulations, Kuwaiti banks can harness OpenBanking
opportunities now & shape the OpenBanking landscape.

Monterail OB solution is a ready-made pluggable tech platform based on European standards.

Based on our experience with a Kuwaiti financial institution we can deliver OB now and recalibrate if needed after the standard is set. But most likely it will be similar.

Monterail Fintech Platform: introduction

Our Fintech Platform is a set of interconnected modules
for a modern, AI-capable Fintech innovations:

Core
banking

Acquiring

AML/KYC

Fraud
prevention

Card
issuing

Mobile App

Web App

REST API

SoftPOS

Open Banking

Client’s business case

Core
banking

Acquiring

AML/KYC

Fraud
prevention

Card
issuing

Mobile App

Web App

REST API

Monterail integration layer

Monterail Open Banking solution

Monterail OB is your all-in-one financial solution, designed to seamlessly fuse traditional systems with the pioneering world of digital finance.

Whether it's processing transactions through our robust payment gateway, delving into banking history for enriched financial data, offering white-label mobile wallet solutions, or integrating digital currencies including crypto and stablecoins, Monterail ensures you stay ahead of the curve.

Alongside, our state-of-the-art services like 'Pay by Bank' and customer verification via integration underscore our dedication to security.

Monterail OB solution

Monterail OB is an integration layer which enables businesses with new services through access to bank account 

Bank

Monterail OB API

TPP_1

TPP_2

TPP_3

Integration layer

Monterail OB solution

Main functionalities

TPP (Third Party Provider) authentication

User consent management

Bank transfer – outgoing (SWIFT/SEPA)

Bank transfer P2P – internal

User verification (based on account history)

Monterail OB solution

Architecture

Monterail OB solution

Solution is build with:

-    API interface for TPP

-    Certificate management (TPP).

-    Integration with bank infrastructure

     via kafka solution

-    Integration with others providers           via kafka or API

Bank backend

API gateway (front)

API gateway backend

External provider backend

Third party provider

Technology stack

Acknowledging challenges

Data privacy concerns

Regulatory compliance complexities

Need for increased consumer and SME awareness

Addressing adoption barriers

Use cases

User verification – identity check

Credit risk scoring

Integration with accounting system via OpenBanking interface

Peer-to-peer instant transfers (retail and business)

Monterail OB solution

About Monterail

71

390+

130+

14+

Proud to be partnered with the best

Main markets

Industries

• Western Europe

  (Germany, the United Kingdom,       and Switzerland)

• Middle East and South Africa

• the United States

• Fintech

• Retail
• Medtech

• HRtech

• Proptech

Damian Stawiarski

Spent more than fifteen years as board member, senior consultant
and solution designer in several companies from payment industry.

He used to work with biggest banks in Europe like ING, BNPP, Pekao
and also with VISA and Mastercard.

His knowledge is related to product and technical aspects of payments processing, money transfer and innovative solutions for retail and business in financial sector.

Monterail Fintech Director

Comprehensive solutions for fintech industries: your one-stop tech partner

Get every competence under one roof

Product
design

Mobile
development

Suggested next steps

1.    Evaluate infrastructure

2.    Define business outcomes

3.    Create a high-level roadmap

4.    Create Proof of Concept

Let’s stay
in touch!

hello@monterail.com

+966 59 742 5393

www.monterail.com

(Whatsapp)