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.
Turn CFPB Regulation into innovation for banks, credit unions, and fintechs
Embrace the future of finance with Sensedia, guided by CFPB's standards and best practices. With our proven expertise and successful track record in global Open Banking standards like the PSD2 and now FDX, Sensedia is your trusted partner to navigate open banking compliance.
For Credit Unions
Easily Connect to Fintech Partnerships and Build Your Open Banking Ecosystem:
- Enable plug-and-play connectivity to build open banking ecosystems and unlock new embedded revenue streams.
- Leverage Sensedia's legacy expertise for seamless integrations and modernization.
- Easily partner with fintechs while maintaining full power and control over your integrations.
For Corporate Banks
Go Beyond Compliance to Launch Innovative Products and Services:
- Accelerate time-to-market by connecting core systems, CRMs, cloud services, and third-party partners with Sensedia's low-code iPaaS.
- Achieve faster third-party and partner onboarding with custom dev portal.
- Drive growth beyond compliance with FDX solutions ready from day one.
For Fintechs
Simplify, Scale, and Succeed with Sensedia's Fintech API Accelerator:
- Integrate AI-driven functionalities seamlessly across chatbots, websites, apps, IoT, kiosks, and other customer touch points.
- Drive direct collaboration with Banks and Credit Unions with Sensedia's API Platform.
- Enhance developer experiences and speed up third-party and partner onboarding.
Enable AI and digital experiences
Utilize Sensedia's low-code platform to enable new digital channels and services. Integrate mobile apps, AI chatbots, and other digital experiences to drive revenue and maximize ROI.
Connect directly to Financial Institutions
Connect quickly and seamlessly to third-party partners, fintechs, banks, credit unions, or any financial institution. Skip intermediaries and take full control of your integrations to meet your demands exactly when and where you need to, unlocking new embedded revenue streams.
Turn CFPB Regulation into innovation
Sensedia is a global leader in open banking, enabling over 40 financial institutions to successfully serve millions of users. Cut out intermediaries and accelerate your embedded finance, payments, and BaaS deliveries while in compliance with CFPB regulations using FDX standards.
Your reliable business connectivity hub
Sensedia is your all-in-one integration platform, prioritizing security, reliability, and scalability. For over 200 clients, our platform accelerates digital innovation and ecosystem building through low-code, automated workflows. Our legacy-friendly connectors ensure plug-and-play compatibility, future-proofing your business.
Unlock legacy systems for maximum performance
Leverage your dependable legacy systems as a competitive advantage by seamlessly connecting internal data and insights. We mitigate technical debt by offering a future-proof, flexible, and composable architecture roadmap, so you can adapt to new technologies and trends and maximize business performance.
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
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.
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.
Empowering clients through composable architecture
Driving scalability and growth to our clients through market-leading APIs, microservices, and Integrations.
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.
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.
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.
Our API Platform seamlessly integrates with the Open Insurance solution, offering native support to:
- Sensedia Analytics: Technical and business insights into API consumption.
- Support Services: Real-time monitoring to ensure the health and stability of APIs within the Open Insurance ecosystem.
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.
Our solution is self-scalable. We support major retailers during Black Friday season and handle monthly volumes exceeding 1 billion requests.
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.
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.
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.
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.
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