Kontomatik

Kontomatik is an open banking provider serving central and eastern Europe. Its API lets financial institutions access a customer's banking activity with consent, and its add-ons structure and analyse that data. The business grew out of Kontomierz.pl, a Polish personal finance application started in 2009.

What Kontomatik offers

• Account information access — a single API for reading customers' bank data.
• Identity verification — online customer checks for KYC compliance.
• Risk scoring — credit scoring built on bank transaction data and machine learning.
• Income and spending checks — verification of a customer's earnings and outgoings.
• Transaction labelling — categorising transactions for analysis.
• PDF document analysis — reading statements supplied as documents.

Who it works with

Lenders and other financial service firms of varying size use it, for decisions such as loan applications and renewals. It states that it operates in Poland and nine other countries.

Key facts

• Origin: Kontomierz.pl, started in 2009
• First banking API: released two years later
• Countries: Poland plus nine more