A fintech company that develops a marketplace solution for Italian excellence with its own payment ecosystem
Ventis is a fintech company that develops a marketplace solution for Italian excellence with its own payment ecosystem (Ventis Wallet, Ventis Business and Ventis Card). Built on an open banking API architecture, Ventis provide services in Europe, US and Greater China, with Iccrea Banca SpA as its lead shareholder.
Open Banking Use Case:
Having an open banking API enabled market place allows for seamless integration between vendors and buyers. It allows for lower transaction costs as processing occurs B2B from account to account rather than paying interchange fees. The platform can also recieve increased intelligence about both buyers and sellers based on account information which can be used for increasing revenue growth through white label solutions or API account aggregators.