DataInsights — Use Cases (Account Information Services + Payment Initiation Services)

Activate OpenBanking — fast onboarding, secure payments, and real-time financial insights

We provide developer-friendly APIs and SaaS to connect account data and payments — build secure, compliant customer experiences faster. Browse the use cases below, filter by audience, or open any card to learn more.

Account Aggregation

View of customer’s (both business and consumer) consolidated account balances and transaction history across multiple payment accounts.

Personal Finance Management

Aggregated view of a consumer’s finance with features such as analytics, insights and recommendations to manage personal finances.

Extended Customer Attributes

Consumer attributes/data to enable faster and smarter onboarding.

E-Statement as a Service

Consumer transaction data to build an e-statement and make it available to beneficiary on behalf of the consumer.

Transaction Data to Enable Credit Risk Assessment

Customer (both business and consumer) transaction data to enable the customers to apply for a loan or undergo any other credit risk assessment.

Transaction Data to Enable SME Tax Filing

Business customer’s credit and debit transaction details to provide easier reconciliation of payables & receivables and enable the customers to submit accurate tax filing to ZATCA.

Enterprise Financial Management

Compilation of most recent financial information from different payment accounts in a single orchestrated view for the business customers.

Letter of Guarantee as a Service

Facilitation of digital request to banks to issue a Letter of Guarantee and make it available to the beneficiary business on behalf of the business customer.

Single Instant Payments

One-time immediate payment using an Open Banking (OB) based bank transfer directly through a Third Party Provider (TPP).

Single Future Dated Payments

One-time future-dated payment using an Open Banking (OB) based bank transfer directly through a Third Party Provider (TPP).

Fixed Recurring Payments

Regular OB-based bank transfer payments of fixed amounts made at predetermined intervals using a TPP.

Variable Recurring Payments

Regular OB-based bank transfer payments of fixed or variable amounts at predetermined or variable intervals using a TPP.

Recurring Payments with a One-Time Setup

Combination of an OB based one-time payment and a setup of future fixed or variable recurring payments via a bank transfer using a TPP within a single PASP authorization.

Pay by Account

OB based bank payments for merchants in exchange for goods or services.

Refunds

Initiate a full or partial refund to the original payer using a TPP to reverse the original payment which was initiated via IPS.

Request to Pay

Sending/receiving money requests from another customer or business using a TPP.

IBAN Account Verification without Open Banking

Verify account ownership simply by passing the IBAN along with a customer identifier (National ID, Iqama number, or CR). This service does not require an Open Banking consent and is available for retail and corporate accounts in Saudi Arabia

We are permitted by Saudi Central Bank.

DataInsights is permitted by the Saudi Central Bank to provide digital letter of guarantee services and account information services through open banking in the regulatory sandbox environment. For more information please click here