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Mastercard Open Banking Reviews & Product Details

Mastercard Open Banking Overview

What is Mastercard Open Banking?

Finicity’s open banking platform makes connecting your customers’ financial data to your app or service simple. Finicity’s open banking platform is being used by some of the largest and most innovative organizations in the world to empower their customers with better financial experiences. Data quality is essential to your experience. Our data is battle tested in the most rigorous markets. Easily code to endpoints, test data and connect to Finicity’s open banking platform for leading API coverage of banks, credit unions, payroll providers and other financial services. Our suite of APIs makes it easy to access the data you need to power your products.

Mastercard Open Banking Details
Languages Supported
English
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Product Description

Mastercard Open Banking provides solutions for financial management, payments and credit decisioning.


Seller Details
Year Founded
1966
HQ Location
Purchase, NY
Twitter
@Mastercard
484,684 Twitter followers
LinkedIn® Page
www.linkedin.com
39,582 employees on LinkedIn®
Ownership
NYSE - New York Stock Exchange
Total Revenue (USD mm)
$15,301
Description

Mastercard powers economies and empowers people in
00+ countries and territories worldwide. Together with our customers, we’re building a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.


Kevin N.
KN
Overview Provided by:

Recent Mastercard Open Banking Reviews

HJ
Harsh J.Small-Business (50 or fewer emp.)
5.0 out of 5
"Revolutionizing Financial Data Connectivity and Verification"
The platform's API is designed for ease of use, making it straightforward for developers to integrate Finicity’s services into their applications.
Deepansh K.
DK
Deepansh K.Small-Business (50 or fewer emp.)
5.0 out of 5
"One of the powerful and easy-to-use financial data API’s"
Finicity has helped in being assured about the speed and accuracy of the data, when you are working with the customer it's very important to power ...
GM
Gataka M.Small-Business (50 or fewer emp.)
4.5 out of 5
"A Great Financial Management Solution For Business"
I like that Finicity is well equipped and offers amazing features for financial management The software makes payment processing easy
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Mastercard Open Banking Media

Mastercard Open Banking Demo - Finicity Connect
Customers can quickly and simply connect their bank accounts to your apps and services.
Mastercard Open Banking Demo - Lend, Pay, Manage
Finicity Lend, Pay and Manage provides the data you need for your products and apps.
Mastercard Open Banking Demo - Finicity Developer Portal
Test drive, pay as you go, or custom accounts are as flexible as you need them to be.
Mastercard Open Banking Demo - API Documentation
Finicity Developer makes integrating a breeze.
Answer a few questions to help the Mastercard Open Banking community
Have you used Mastercard Open Banking before?
Yes

9 Mastercard Open Banking Reviews

3.7 out of 5
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9 Mastercard Open Banking Reviews
3.7 out of 5
9 Mastercard Open Banking Reviews
3.7 out of 5

Mastercard Open Banking Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons
G2 reviews are authentic and verified.
Deepansh K.
DK
Jr. Business Research Associate / Strategic Insights
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Mastercard Open Banking?

Finicity has helped in being assured about the speed and accuracy of the data, when you are working with the customer it's very important to power the product with the easy to use data API's which is not only easy to use but also test that data and code it to the endpoint. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

The only place I feel that it can improve would be the focus on marketing that how it is managing the data so that the users can be restassured that the data is safe and in this time were well known companies are selling their customers data to make money Finicity has 0 tollerance when it comes to data security. While I used the API's I came across a lot of customers asking me if the data will be secured and if it's fine to link thir products to a open source banking services. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

Easy to code

End to end encryption

Endpoint testing

Are just few examples where I feel Finicity is solving a mass area of data API integration with the products where it is easy to use for the customers and amazing for the product. Review collected by and hosted on G2.com.

HJ
Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

The platform's API is designed for ease of use, making it straightforward for developers to integrate Finicity’s services into their applications. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

Real-time data updates are a critical feature but some users have experienced delays in refreshing financial data. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

Finicity automates income, employment and asset verifications, speeding up loan approvals and account setups. Also it provides near real-time access to financial information for accurate decision-making. Review collected by and hosted on G2.com.

GM
IT Manager
Broadcast Media
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

I like that Finicity is well equipped and offers amazing features for financial management

The software makes payment processing easy Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

Finicity has all we need. No dislikes at all. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

It is a greta solution for identiy verification and makes handling finances easy more so management. Review collected by and hosted on G2.com.

NO
Sales Rep
Hospitality
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

I like the ease of managing data privacy.

It has amazing features and integration is easy

Implementation is straightforward and Finicity is amazing. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

Finicity has the features our business needs and no issues. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

It makes identity verification easy and has been very helpful. Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Mastercard Open Banking?

Sales person was very friendly and was the only professional person that I dealt with. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

Onboarding team was unprofessional and unorganized at best. They were rude and dismissive at worst. Required useless meetings with a bunch of their team members that started by them discussing who was supposed to be presenting and what the meeting was about for the first 15 minutes. Invoicing is sloppy and appears randomly after they bill even though it should be monthly. Contract details were changed multiple times for no apparent reason and without giving any warning before sending over new terms for signature. I chose not to implement this feature into my product because they were unprofessional the second the contract was signed. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

Connecting data for budgeting tool Review collected by and hosted on G2.com.

MR
Marketing consultant
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

greatly improves bank payments and AHS transfer Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

Nothing. I don't have anything to say dislike Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

usinesses to give permission for their financial data to be used and packaged for other companies to provide their services.22-Dec-2021 Review collected by and hosted on G2.com.

Sanju J.
SJ
International Support Specialist
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

API integration is very helpful also support teams are responsive Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

There was a problem to access my account, there was a link problem as well. But it's improving. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

It provides general insights to financial managemen. It's API integration process make a bridge with ERP. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about Mastercard Open Banking?

It has plenty of features, especially when compared to competitors. These features allow developers to be more flexible in their application design and development. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

The Finicity developer API documentation is a mess and frequently lacking in certain areas. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

Finicity is helping to obtain transaction data for business and data purposes. Review collected by and hosted on G2.com.

Verified User in Food & Beverages
UF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Mastercard Open Banking?

I like the average speed of the whole platform. It is easy to understand the basic functions when you use it. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking?

There are some issues from time to time and the platform generate error messages. Review collected by and hosted on G2.com.

What problems is Mastercard Open Banking solving and how is that benefiting you?

Real time financial data aggregation. Review collected by and hosted on G2.com.