- PlatformCreate exceptional embedded finance and payment experiences with Powens.
- SolutionsLearn more about the use cases and business activities we serve.
- DevelopersInitiate payments, and aggregate all the financial data and documents you need from over 1800 institutions using a single API and unified development environment.
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- About usWe’re building Europe’s number one Open Finance platform.
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Insurance Groups
Simplified onboarding, payments, and enhanced customer targeting.
Enhanced user onboarding, optimized payment workflows, and refined customer segmentation
Our platform makes payments hassle-free, providing policyholders with convenient and secure payment options tailored to their preferences. Onboarding for new contracts becomes a seamless process, as our solution automates and streamlines the necessary paperwork, reducing waiting times and improving overall efficiency. Beyond operational enhancements, our solution gives insurance companies in-depth insights into their customers’ financial profiles. This comprehensive understanding enables more targeted and personalized marketing strategies, ensuring customers receive offers that align with their needs and preferences.
Unlock the full potential of Open Finance and payment solutions for your insurance group.
Seamless customer onboarding
With our solution, insurance companies can attract and retain customers by providing a frictionless and efficient onboarding journey.
Our Open Finance technology enables instant verification of customer identity and financial data. This eliminates the need for manual paperwork, reduces processing time, and enhances the overall onboarding experience.
Advanced risk assessment
Open Finance technology enables insurance groups to access a wealth of real-time financial data and insights about their policyholders. By leveraging this data, insurance companies can conduct more accurate risk assessments, evaluate policyholder behavior patterns, and refine their underwriting processes. This leads to more informed decision-making, improved risk management, and enhanced profitability.
Personalized offerings
Open Finance technology allows insurance companies to gather comprehensive financial information about their customers. This data can be leveraged to create personalized insurance offerings tailored to individual policyholders’ needs and preferences. By offering personalized coverage and pricing options, insurance groups can increase customer satisfaction, loyalty, and retention rates.
Efficient claims processing
Claims processing is a crucial aspect of insurance operations. With Open Finance technology, insurance groups can streamline and automate the claims process, reducing paperwork, minimizing errors, and accelerating settlements. By integrating payment solutions, we enable secure and seamless claim payouts, enhancing customer satisfaction and improving operational efficiency.
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See how we’ve helped businesses in all types of industries.