Data Solutions

Brite treats data privacy as foundational. Our process is strictly compliant with GDPR (General Data Protection Regulation) and PSD2 (Payment Services Directive 2). Data access is always limited to the information necessary to provide the service (e.g., identity verification or affordability checks) and cannot be used for other purposes without the consumer’s explicit consent, as per GDPR standards.

The consent process is designed to be fully transparent and add minimal friction. The consumer is directed to their own bank to authenticate securely and grant permission for data sharing. This happens quickly within a few clicks. The process replaces the high friction of manual document uploads and form-filling, typically leading to increased conversion rates at the account creation stage.

Account Verification leverages Open Banking APIs to perform bank-grade identity matching. The system checks that the name provided during your account creation process (e.g., for KYC) matches the name registered on the linked bank account. This prevents identity fraud and account takeover (ATO) by confirming the person funding the account is the rightful owner with real-time, tamper-proof bank data.

Yes. Our Data Solutions provide structured, classified financial data (such as income, expenditure, and transaction history) that is essential for automating complex risk and compliance checks. This allows you to:

Source of Funds (SoF): Simplify AML/EDD requirements by instantly verifying the legitimacy of client wealth.

Yes, this is a core feature benefit. The process can be integrated into a single, unified flow (like Brite Play) that simultaneously handles account creation and the initial payment. This eliminates the need for separate steps, maximises conversion, and delivers a fully verified, funded consumer instantly.

The best fit depends on your specific compliance and business needs:

If your priority is fraud prevention at deposit, Account Verification should be considered.

If you require compliance for money laundering/EDD, Source of Funds may be a good fit.

We recommend consulting with our solutions team to tailor the API integration to match your exact risk model and regulatory requirements.

In the European Union, consent for Account Information Services (AIS) typically lasts for 180 days from the time the consumer grants permission via their bank’s Strong Customer Authentication (SCA). The consumer always retains control and can withdraw this permission at any time.

Brite Data Solutions are initially available in Finland, with more markets such as Germany and Sweden being added in 2026.