VERACIOUS OPEN BANKING PLATFORM

Secure, Consent-Driven, API-First Financial Connectivity for Modern Digital Ecosystems 

Book Demo

Open Banking Infrastructure

Veracious Open Banking empowers banks and financial institutions to securely expose customer-authorized data and payment capabilities through a unified, API-first platform. Designed to meet global Open Finance regulations, it enables account aggregation, payment initiation, financial insights, and third-party integration — all with strong security and explicit customer consent. Built on Torus, our enterprise-grade low-code architecture, the platform delivers real-time performance, high scalability, and rapid configurability for financial institutions of any size. 

Key Features

Consent-Driven Data Sharing

Ensure customers have full control of what data is accessed, by whom, and for how long. 

  • Consent dashboards 
  • Fine-grained permissions 
  • Full audit trails 
  • Regulator-ready governance

Low-Code Configuration Engine

Rapidly configure data mappings, workflows, and message transformations with visual rule builders — no code required. 

  • Any-to-any data transformation 
  • Real-time rule updates 
  • Reusable workflow components 

In-Memory Event-Driven Architecture

Real-time processing via Redis + Kafka for low latency and high throughput. 

  • millisecond data access 
  • Dynamic event routing 
  • Scale-out microservices 
  • High availability by design 

Secure API Management

A hardened trust framework ensuring safe, policy-driven access. 

  • OAuth2.0 / JWT authentication 
  • API throttling & rate limits 
  • End-to-end encryption 
  • Fraud / anomaly detection 
  • Certificate & key lifecycle management 

API Standardization & Unified API Gateway

Expose secure, harmonized APIs for: 

  • Account information 
  • Balance & transaction history 
  • Payment initiation 
  • Aggregated data services 
  • Third-party fintech integrations 

Supports ISO 20022 and global Open Finance standards. 

Core Capabilities

Account
Aggregation

Retrieve unified financial data across multiple banks and providers via secure, customer-consented APIs. 

Payment Initiation Services

Initiate secure payments directly from customer accounts using standardized, regulator-approved workflows. 

Financial Insights & Personalization

Enable PFM/wealth apps with categorized transactions, spending patterns, and financial wellness analytics

Developer
Enablement

Provide fintechs and partners with
Developer portal
API documentation 
Sandbox environments
Mock data sets 

Strategic Benefits

For Customers

  • Full control of their financial data 
  • Smarter digital experiences 
  • Faster, more transparent payments 

Low-Code Configuration Engine

  • Rapidly configure data mappings, workflows, and message transformations with visual rule builders — no code required. 

    • Any-to-any data transformation 
    • Real-time rule updates 
    • Reusable workflow components 

In-Memory Event-Driven Architecture

  • Real-time processing via Redis + Kafka for low latency and high throughput. 

    • Sub-millisecond data access 
    • Dynamic event routing 
    • Scale-out microservices 
    • High availability by design 

For Banks

  • New revenue streams via monetizable premium APIs 
  • Stronger customer engagement through digital ecosystems 
  • Reduced risk through enhanced data visibility and early delinquency alerts 
  • Regulatory compliance with global Open Finance mandates 
  • Faster innovation cycles using low-code acceleration 

For Fintechs & Corporates

  • Easy onboarding via standardized APIs 
  • Secure, real-time access to financial data 
  • Embedded finance opportunities 

Ready for Market Regulations in UAE

Built to meet the latest Open Banking & Open Finance directives in the UAE

covering consent, security, API compliance, and operational governance.

UAE Central Bank Framework

Open Banking API Standards

OAuth 2.1 / FAPI Certified Flow​

ISO 20022 Compatibility

Platform Architecture

API
Fabric

A unified layer for generating, hosting, securing, and managing APIs end-to-end. 

  • REST services 
  • GraphQL endpoints 
  • External partner APIs 
  • Internal microservices
Data
Fabric

A powerful integration layer that aggregates data from 

  • RDBMS 
  • Document stores 
  • Stream sources 
  • External APIs
Microservices & Kubernetes

Seamless cloud-native scaling with built-in monitoring.

  • Cloud-agnostic deployment 
  • Auto-scaling workloads 
  • Zero-downtime updates 
  • Observability & monitoring baked in 
ISO 20022 Native Support

A unified payment layer enabling full interoperability.

  • Domestic payments
  • Cross Border payments
  • Real-time rails

  • Clearing & settlement