Insurance Industry Insights

Bring tech-enabled insurance to the next level

Update your legacy systems and bring agility to your operations. Improve the digital experience for brokers, policyholders, and partners, covering everything from quotes and estimates to policy issuance.

New Digital Channels, Chatbot, Mobile Apps
Core Banking Integrations
Agile Architecture & Legacy Modernization
IPaaS for Cloud, CRMs, Legady Data
Direct-to-bank Integrations & API Management
CFPB Compliance & Open Banking
Embedded Finance & Fintech Integrations
Banking and Financial Services with Sensedia
Open FINANCE AS A SERVICE

Enabling Next-Gen Innovation for Credit Unions, Banks, and Fintechs

Embrace the future of finance with Sensedia. Backed by proven global expertise, industry-leading playbooks, and a strong track record in Open Finance standards, Sensedia is your trusted partner in navigating financial innovation.

For Credit Unions

Easily Connect to Fintech Partnerships and Build Your Open Banking Ecosystem:

Unlock Member Data: Modernize and unlock your core to enable next-gen banking products that engage and attract members.

Innovate Cost-Effectively: Build flexible connectors to connect new products, like AI, and improve operational resilience.

Remove Friction: Leverage our expertise trusted by global leaders to improve member financial wellness and drive growth.

For Corporate Banks

Go Beyond Compliance to Launch Innovative Products and Services:

Accelerate Partnerships: Connect legacy systems, CRMs, cloud services, and third-party partners with our low-code iPaaS.

Custom Developer Portal: Simplify Open Finance and provide secure, branded API access for third-party developers.

Compliance Made Simple: Build data mappings and integrations to prepare Open Finance data for secure API exposure.

For Fintechs

Simplify, Scale, and Succeed with Sensedia's Fintech API Accelerator:

Accelerate Go-to-Market: Meet evolving financial integration needs with agility and in a cost-efficient manner to drive innovation.

Plug-and-Play: Seamlessly connect to Credit Unions and Banks with Sensedia’s powerful API Platform and flexible iPaaS connectors.

Build Ecosystems: Accelerate third-party onboarding to deliver new financial products and services seamlessly.

DIGITAL EXPERIENCES

Enable AI & Next-Gen Experiences

Sensedia's iPaaS and API platform enable seamless integrations, powering mobile apps, AI chatbots, and other digital experiences that drive growth and maximize ROI.

chatbots, open banking ilustration
Fintechs, Banks, Credit Unions ilustration
EMBEDDED FINANCE INTEGRATIONS

Data In: Unified Access & Connectivity

Sensedia makes embedded finance simple. We unlock legacy cores like Fiserv and Jack Henry, to seamlessly integrate fintechs and digital banking, turning APIs into powerful products. It’s seamless, secure, and designed to help you future-proof your business, today.

OPEN FINANCE AS A SERVICE

Make Data Sharing Effortless

We give you the power to securely expose financial data through FDX APIs. Legacy systems? No problem. We ensure compliance with FDX, OAuth 2.0, and CFPB 1033, transforming Open Finance into real-world solutions that drive real-world success.

BaaS
Sensedia API Platform
SENSEDIA API PLATFORM

Your Reliable Business Connectivity Hub

Sensedia is your all-in-one integration platform, prioritizing security, reliability, and scalability. With powerhouse partners like AWS, Mambu, and Oracle, we help over 200 clients integrate new technologies without costly overhauls. Our platform accelerates digital innovation through low-code, automated workflows, while legacy-friendly connectors ensure plug-and-play compatibility—future-proofing your business with the flexibility to innovate efficiently.

AGILE ARCHITECTURE & LEGACY MODERNIZATION

Unlock Legacy System Data

Legacy systems and evolving digital demands create challenges, but modernization doesn’t have to be complex. Leverage your dependable legacy as a competitive advantage by seamlessly connecting internal data and insights. We offer a future-proof, flexible, and composable architecture roadmap, so you can adapt to new technologies and trends and maximize business performance.

Cloud, Core Banking ilustration
Benefits

Unlock your potential with Sensedia

Learn how APIs future-proof insurance providers.

Drive operational efficiency

• Streamline communication between brokers and policyholders

• Accelerate the delivery of quotes, policies, and proposals

• Leverage real-time data analysis to promote faster enrollment

Design APIs for secure data flow

• Efficiently navigate regulatory compliance and adapt to market changes

• Leverage our AI CoPilot for ideation and implementation of new APIs

• Enhance security and compliance with protocols like FAPI and OpenID

Build partner ecosystems

• Seamlessly connect with emerging partners in insurtech and healthtech

• Improve dev experiences and speed up onboarding with a Dev portal

• Drive rapid development and integrations with reusable connectors

Modernize system infrastructure

• Unlock legacy systems to integrate with emerging tech, like AI chatbots

• Centralize digital operations for improved efficiency

• Build new revenue through an improved and composable architecture

Trusted by leading companies for our secure and reliable solutions

Open Insurance

Gain a competitive advantage with Open Insurance strategies

Leverage Sensedia's open innovation expertise and embrace an Open Insurance strategy to go beyond compliance and build new business models and revenue opportunities.

Platform strategy

Achieve scalability through partner ecosystems

Adopt a scalable platform strategy to expand your offerings with streamlined API integrations. Drive innovation through partnership ecosystems and maximize your business scalability.

Solutions

Strategic expertise that drives innovation and connectivity

Digital Experiences

Streamline the creation and delivery of highly integrated digital channels that bring value to both your customers and your business.

Partner Ecosystems

Provide a frictionless experience, from onboarding to implementation, and foster partnerships that enhance your offering and relevance in the market.

Legacy Modernization

Accelerate your digital strategies by increasing the scalability and flexibility of your entire architecture.

Open Innovation

Maximize the potential of open innovation models and platform positioning to extend your reach and create multiple revenue streams.

Frequently asked questions

Find the answers to the most common questions about our insurance solutions.

What level of technical support does Sensedia offer? Is there a dedicated support channel to handle issues or questions during the implementation and ongoing use of this solution?

Our technical support is available 24/7 through API Care, a specialized service dedicated to managing Open APIs. Also, our dedicated journey team is always available to help clients navigate and test regulatory requirements once they are live.

Does Sensedia provide training and development for my technical teams? Are there educational resources or materials available to aid in understanding and effectively utilizing the solution?

We go the extra mile! We provide our clients with:

  • Customer Success: Comprehensive support throughout their journeys, providing both technical and strategic guidance.
  • Professional Services: We have a dedicated team that provides guidance on regulatory developments.
  • API Portal: Our platform provides comprehensive support for all stakeholders engaged in Open Insurance APIs.
  • Sensedia Docs: Access to a wealth of resources and playbooks, including tutorials, usage guides, and technical references.
Does Sensedia provide resources to monitor the performance and health of APIs, as well as analyze integration data? Does this include metrics, dashboards, or analytics tools?

Our API Platform seamlessly integrates with the Open Insurance solution, offering native support to:

  • Support Services: Real-time monitoring to ensure the health and stability of APIs within the Open Insurance ecosystem.
How does Sensedia's pricing structure work? Is it based on subscriptions, usage, or custom projects? Are there any additional costs associated with implementation, maintenance, or support?

We offer flexible pricing based on usage volume. One of our greatest advantages is the value we bring by relieving our clients from the complexities of regulatory compliance. This enables them to fully concentrate on their data and leverage the immense value generated by Open APIs.

Does Sensedia's solution have the flexibility to address the specific requirements of my insurance company? Can it effectively handle a high volume of transactions and data? How does the solution handle scalability?

Our solution is self-scalable. We support major retailers during Black Friday season and handle monthly volumes exceeding 1 billion requests.

What are the success stories or references from other insurance companies that have already used Sensedia's services for API integration in Open Insurance? What results have been achieved?

Sensedia goes above and beyond regulatory compliance. We have established partnerships with leading insurance companies that use our product for Open Insurance. Explore our case studies featuring MAG Seguros and SulAmérica, and see how we enable seamless and agile integration.

How does Sensedia ensure compliance with Open Insurance regulations? What security and privacy measures are implemented in their solutions?

We have a dedicated team focused on ensuring understanding, alignment, and evolution of the Sensedia solution in compliance with regulations. We utilize a secure environment, including a PCI environment for our clients. Within the scope of our API Management solution, we are certified in ISO 27001 and ISO 27701. This guarantees information security, privacy, and data protection.

What is Sensedia's approach to integrating its solution with the existing IT systems in my insurance company? Can it seamlessly integrate with legacy systems, or does it require extensive restructuring?

The data flowing through Open Insurance should not interfere with the transactional data of the insurance company. Sensedia helps build the data structure, microservices, and exposes this data to ensure regulatory compliance.

Which technologies and protocols does Sensedia support for API integration? Does this encompass specific Open Insurance standards, using standardized APIs?

Our API integration is based on the REST protocol. Two important security standards adopted by the Open Insurance solution are FAPI and OpenID. They are not exclusive to OPIN (Open Insurance) and bring maturity to our solution. We adhere to the principles of Open Insurance compliance. The REST protocol has played a transformative role in streamlining the integration process within the ecosystem.

Begin your API journey with Sensedia

Together, we offer a comprehensive range of integration, API Management and microservices solutions with a team of specialized experts dedicated to driving the evolution of open models and platforms. We are obsessed with our customers' success, from compliance to exploring new business models.