FEATURES
Benefit from Open Banking with LUXHUB One
Click below to watch a short video about LUXHUB One!
END USER EXPERIENCE
Account aggregation
Access bank account information on behalf of the end user and build innovative solutions based on real time data. Here are just a few examples of solutions you can build using the data accessible via LUXHUB One:
- 360° view of user accounts
- Personal financial management
- Income verification
- Credit Scoring and Up-selling / Cross-selling
Step 1: Initiate the flow
The user initiates adding a new bank account to the application.
Step 2: Choose bank
User chooses his bank out of the list of supported banks.
Step 3: Redirect
User is redirected to his bank for Strong Customer Authentication (SCA).
Step 4: Authorize
User authorizes the bank to share its bank accounts information with the application by performing SCA.
Step 5: Back to app
User is being redirected back to the application.
Step 6: Visualize
User can visualize the account information, e.g. balances, transaction history, in the application.
End user experience
Payment initiation
LUXHUB One can help your users to initiate payments for any purpose, for example:
- Deposit money to their account within your application
- Pay invoices
- Tansfer money between friends
- Setup recurring money trasnfers
- Move money between company accounts (treasury management)
Step 1: Initiate the payment
User initiates a payment request from the application.
Step 2: Fill in payment details
User fills in the details required for the payment (e.g. beneficiary data, payment amount, payment frequency etc.). The list of required details depends on each payment use case.
Step 3: Choose bank
User chooses the bank account, from which the payment will be made.
Step 4: Sign
User is redirected to the bank to sign the payment authorization, via Strong Customer Authentication (SCA).
Step 5: Visualize
User can see current payment initiation status in the application.
Luxhub One benefits
How LUXHUB One can help you
Simplify
Simplify your customers financial life by offering an aggregated overview of all their accounts or allowing them to initiate payments directly from your application.
Unified
Use unified account aggregation or payment imitation flow and security profile, regardless of the API standard used by the account service provider.
Integrate
Easy integration of One API thanks to a clear and complete documentation.
Real time
Access your customers’ bank accounts in real time to create useful and innovative services.
Trust
Reduce uncertainty, rely on us to monitor and implement API changes for all providers.
Work with us
Why LUXHUB is your trusted partner
Trusted
Strong banking knowledge and agility of a start-up.
Cross Borders
Already active in 10 European Countries.
Expertise
Proven abilities in the area of integration and API implementation.
Compliant
Supervised by the National Competent Authority, CSSF, in Luxembourg and has PFS Support status.
Secure
Our infrastructure is hosted in a highly secured Tier 4 Data Center.
Watchful
We provide a complete Toolbox to facilitate integration and testing.
Pricing
Customized pricing
LUXHUB offers flexible pricing tailored to your needs. Contact us today for a quotation customized to your requirements.