Powens x Meelo: When Open Finance propels transactions into the future

Powens and Meelo are very complementary on the European market: Powens provides financial data reliably and securely via an API of the highest quality and Meelo provides solvency analysis and decision models for approving or not approving a financing request, as well as a reduction in cases of fraud. All in a few seconds.

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How to help market players to offer increased, innovative, immediate and risk-free financing paths?

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What if all market players could offer their customers other ways of consuming (BNPL, LOA, LLD...) in a few seconds and less than three clicks on a smartphone?

This new generation financing path already exists, and thanks to the association of players such as Powens and Meelo, it is becoming accessible in particular to retailers and credit players, who initially do not have the technical resources of a fintech. In a totally secure, reliable and 100% efficient way.

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” Powens is the Open Finance platform in Europe, we support 260 B2B customers, and serve a wide variety of use cases in banking, insurance, financial services, credit publishers... We allow the final payer to share his financial data, thanks to Open Banking, in a secure manner, in strict compliance with the technical and regulatory framework of the second European Payment Services Directive (DSP2)”

Nicolas Ribeaut, CCO Powens.

How the Powens x Meelo alliance works

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Powens is a regulated player, a payment institution that meets the requirements of the European PSD2 standard. European leader in Open Finance, Powens covers 11 countries in Europe and manages hundreds of millions of API requests per month to serve the main European banks, as well as the largest Fintech and software publishers in the market.

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For Meelo's Open Banking and Credit Analysis solutions, Powens is the ideal data provider. The partnership between Powens and Meelo meets the main challenges of using Open Banking for merchant players.

The demand of market players:

• Bring an immediate response to their end customers by providing a smooth and seamless process, when applying for recurring financing.
• One reducing the risks associated with fraud
• Benefit from a secure solution and a ready-to-use decision-making model for assess the solvency of their customers in a reliable and immediate manner
• To be able to collect data whose authenticity is guaranteed from a large number of banking players and in support of a solid technical infrastructure
• Access the best of innovation, without having to invest in technical skills internally.

The Meelo and Powens offers complement each other: Powens acts for Meelo in its capacity as a third party aggregator to collect and provide banking data. Meelo uses this data for its customers.

” The added value that Meelo brings on the subject of credit and financing is its ability to provide a decision model based on all the data collected by Powens.”

‍Nicolas Ribeault.

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“Powens is the technical strength of an experienced company, with which the relationship is very fluid and the opportunities for collaboration are numerous.”

Benjamin Kasprzak, Lead Data Scientist, Meelo

Between Powens and Meelo, the collaboration is fluid and holds great promise for the future. Thanks to the APIs, integration is very easy and fast. And the Powens and Meelo technical teams exchange very regularly in order to be very responsive to their joint customers.

” We benefit from the very rich API documentation from Powens and the support of their technical leader for all our integrations. The implementation of solutions is therefore going very quickly.”, testifies Benjamin Kasprzak.

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The three pillars of the power of the Powens x Meelo alliance

• Innovation, together: to make financing methods virtuous, transparent and understandable for all.

• The quality of the customer experience : timeliness, fluidity, and solutions focused on the end customer
• The ambition for success : to make the Powens x Meelo approach a reference for instant financing

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Do you find yourself in Powens x Meelo solutions? Here is what awaits you:

• All the power of Open Finance by Powens, and all the efficiency of data analysis by Meelo
• Great simplicity in deploying tools, thanks to APIs
• A single point of contact and regular exchanges with Meelo

And the creation, with you, of a perfect and risk-free customer journey, 100% adapted to your needs, thanks to the most complete and successful solution to combat fraud and the risk of non-payments on the market.

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