CONNECT WITH US
Fintech

Fintech

Powens Launches Connector Agentic Factory, an AI System to Build and Fix Open Finance Connectors

Global Fintech Series logo

Published on

Add as a preferred source on Google
Powens Launches Connector Agentic Factory, an AI System to Build and Fix Open Finance Connectors

Powens, a leading European Open Finance infrastructure provider, announced the launch of its Connector Agentic Factory, an internal AI system that is capable of building new Open Finance connectors and repairing existing ones.

Read More on Fintech : Global Fintech Interview with Shai Gabay, CEO at Trustmi

AI does not manipulate data or payments; it is exclusively used to build and maintain connectors that remain deterministic and secure in nature.

Connectors are the technical links that let banks, fintechs, and financial apps securely retrieve a customer’s financial data, or make payments, from a bank or other institution. Powens maintains more than 1,800 of them across Europe, and they underpin the services that banks, fintechs, lenders, wealth platforms, and software vendors offer their own customers. Until now, repairing a broken connector could take up to two days of engineering work, and building a new one up to three weeks.

The Powens Connector Agentic Factory changes that. To build a new connector, the system examines how a given institution’s systems work and creates the connection accordingly within a couple of hours. 12 new connectors have already been delivered this way across Europe, spanning banking, wealth, and document data sources. To repair an existing connector, it investigates what went wrong and proposes a fix, cutting a typical repair from up to two days down to 10–15 minutes, with 50% of its proposed fixes directly approved by Powens engineers, a rate that keeps improving as the system matures. The result is faster expansion of coverage, faster recovery when something breaks, and a higher quality of service for the customers who rely on Powens.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.