ABAKA Data Aggregation (Open Banking, Retirement, Savings)

Use ABAKA’s Open Retirement, Open Savings and Open Banking technology to simply and seamlessly aggregate your clients' externally held accounts

Key features

  • Seamless account aggregation across account type
  • One click linking of externally-held accounts
  • Dashboards (retirement, savings, general investment accounts, etc)
  • One click consolidation of externally-held accounts


ABAKA’s data aggregation technology allows customers to link: 

Open Retirement

  • UK pensions: workplace, SIPPs, personal pensions, etc
  • US retirement accounts: 401ks, IRAs, Roth IRAs, etc
  • Asia retirement accounts: e.g Singapore CPFs, etc

Open Savings

  • Savings accounts
  • General investment accounts  
  • Country-specific savings wrappers (e.g. UK ISAs)

Open Banking technology: any bank account

Company description

ABAKA is an award-winning provider of artificial financial intelligence solutions to the financial industry. Our AI-powered recommendation engine helps financial institutions deliver hyper-personalized customer experiences and build a truly customer centric ecosystem across their range of products and services whilst our innovative technologies enable global financial institutions to power digital saving and retirement solutions to their retail customers at scale. ABAKA’s AI-powered library of modular applications helps our enterprise clients power digital customer experiences with intelligent nudges, machine learning, behavioural persona based segmentation, and 5000+ pre-curated marketing templates delivering outstanding digital customer experiences. Our solutions cover retirement (accumulation, at-retirement and decumulation), retail banking (e.g. personal finance management, digital savings), workplace financial wellness, and wealth management (retirement account tracing and aggregation, advisor tools and business process automation). Today institutions such as HSBC, Prudential, Legal & General, Natwest, and St James’s Place are licensing ABAKA's technologies to deliver to services their retail and wealth customers with: (1) Intelligent Behavioural Nudges: machine learning models and AI-powered recommendation engine to identify persona segmentation, power personalised insights and nudges to increase engagement and up-sell opportunities, across digital channels. (2) Conversational AI: on retirement, savings and investments, for both fully digital and hybrid advice. The proprietary Natural Language Processing models take vast quantities of user behavioural and financial data to intelligently manage a human like conversation. (3) Digital financial dashboards & account consolidation service: a fully supported asset consolidation service (advised and non advised, with advisors support), including data aggregation technology powering Open Banking, Retirement & Saving dashboards, Account Tracing and consolidation service. (4) Financial Planning Engine: retirement planning, cash flow modelling, suitability assessment, Monte-Carlo simulations for outcome & scenario driven advice.



Company: ABAKA
Category: Market Data & Research
Released: 15 May 2020
Type: Open API