Powens eyes European expansion, brings Open Finance platform to Italy

By Gloria Methri

Open Finance platform Powens is expanding its European footprint with the launch of its operations in Italy. The company aims to help the Italian financial sector embrace digital transformation by delivering state-of-the-art client experiences.

Powens will bring its complete suite of innovative solutions to the country, allowing banks and financial institutions to exploit the potential of Open Finance and create user experiences that increase engagement, conversion, and retention.

By establishing a solid presence in Italy, Powens can leverage a strong digital infrastructure and build partnerships with the main financial institutions of the country. The project is already underway with a selection of local clients and some of the first successful experiences will be shared in the coming weeks.

Powens’ Open Finance solutions simplify, automate, and improve critical processes such as customer onboarding, identity verification, creditworthiness in real-time, and the initiation of instant payments while reducing the risk of fraud. The company’s client portfolio includes over 260 banks and financial institutions across Europe, as well as innovative technology companies and software developers.

Powens has enabled them to embrace digital transformation and create automated, efficient, and fluid paths for users, who support its growth. Its integrated Open Finance platform can similarly help Italian banks and financial institutions compete globally for customer satisfaction.

Bertrand Jeannet, CEO of Powens said, “In just over 10 years, we have not only established Powens as a European leader in Open Finance, but we have also stimulated a debate on the ability of Open Finance to support digital transformation in the financial services sector. Our goal is to continue to increase our presence, so that we can offer financial institutions in all European countries – and beyond – a simple and effective way to benefit from all that Open Finance has to offer.”