# Mastercard Open Banking (formerly Finicity) Reviews **Vendor:** Mastercard **Category:** [Financial Data APIs](https://www.g2.com/categories/financial-data-apis) **Average Rating:** 3.7/5.0 **Total Reviews:** 9 ## About Mastercard Open Banking (formerly Finicity) Finicity’s open banking platform makes connecting your customers’ financial data to your app or service simple. Finicity’s open banking platform is being used by some of the largest and most innovative organizations in the world to empower their customers with better financial experiences. Data quality is essential to your experience. Our data is battle tested in the most rigorous markets. Easily code to endpoints, test data and connect to Finicity’s open banking platform for leading API coverage of banks, credit unions, payroll providers and other financial services. Our suite of APIs makes it easy to access the data you need to power your products. ## Mastercard Open Banking (formerly Finicity) Pros & Cons **What users like:** - Users appreciate the **ease of use** of Mastercard Open Banking, simplifying integration and payment processing for developers. (2 reviews) - Users appreciate the **ease of use** of Mastercard Open Banking's API, simplifying integration for developers. (1 reviews) - Users appreciate the **easy setup** of Mastercard Open Banking, finding integration straightforward for developers. (1 reviews) - Users love the **amazing features** of Mastercard Open Banking for streamlined financial management and easy payment processing. (1 reviews) - Users praise the **user-friendly API** of Mastercard Open Banking, facilitating seamless integration for developers. (1 reviews) **What users dislike:** - Users face **delays in refreshing financial data** , impacting the critical real-time updates needed for effective management. (1 reviews) ## Mastercard Open Banking (formerly Finicity) Reviews ### 1. One of the powerful and easy-to-use financial data API’s **Rating:** 5.0/5.0 stars **Reviewed by:** Deepansh K. | Jr. Business Research Associate / Strategic Insights , Small-Business (50 or fewer emp.) **Reviewed Date:** September 22, 2022 **What do you like best about Mastercard Open Banking (formerly Finicity)?** Finicity has helped in being assured about the speed and accuracy of the data, when you are working with the customer it's very important to power the product with the easy to use data API's which is not only easy to use but also test that data and code it to the endpoint. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** The only place I feel that it can improve would be the focus on marketing that how it is managing the data so that the users can be restassured that the data is safe and in this time were well known companies are selling their customers data to make money Finicity has 0 tollerance when it comes to data security. While I used the API's I came across a lot of customers asking me if the data will be secured and if it's fine to link thir products to a open source banking services. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** Easy to code End to end encryption Endpoint testing Are just few examples where I feel Finicity is solving a mass area of data API integration with the products where it is easy to use for the customers and amazing for the product. ### 2. Revolutionizing Financial Data Connectivity and Verification **Rating:** 5.0/5.0 stars **Reviewed by:** Harsh J. | Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** November 21, 2024 **What do you like best about Mastercard Open Banking (formerly Finicity)?** The platform's API is designed for ease of use, making it straightforward for developers to integrate Finicity’s services into their applications. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** Real-time data updates are a critical feature but some users have experienced delays in refreshing financial data. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** Finicity automates income, employment and asset verifications, speeding up loan approvals and account setups. Also it provides near real-time access to financial information for accurate decision-making. ### 3. A Great Financial Management Solution For Business **Rating:** 4.5/5.0 stars **Reviewed by:** Gataka M. | IT Manager , Broadcast Media, Small-Business (50 or fewer emp.) **Reviewed Date:** May 27, 2024 **What do you like best about Mastercard Open Banking (formerly Finicity)?** I like that Finicity is well equipped and offers amazing features for financial management The software makes payment processing easy **What do you dislike about Mastercard Open Banking (formerly Finicity)?** Finicity has all we need. No dislikes at all. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** It is a greta solution for identiy verification and makes handling finances easy more so management. ### 4. A Great Data Privacy Solution **Rating:** 4.5/5.0 stars **Reviewed by:** Nologor O. | Sales Rep, Hospitality, Small-Business (50 or fewer emp.) **Reviewed Date:** May 21, 2024 **What do you like best about Mastercard Open Banking (formerly Finicity)?** I like the ease of managing data privacy. It has amazing features and integration is easy Implementation is straightforward and Finicity is amazing. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** Finicity has the features our business needs and no issues. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** It makes identity verification easy and has been very helpful. ### 5. Unorganized and unprofessional company **Rating:** 0.0/5.0 stars **Reviewed by:** Verified User in Computer Software | Small-Business (50 or fewer emp.) **Reviewed Date:** May 12, 2023 **What do you like best about Mastercard Open Banking (formerly Finicity)?** Sales person was very friendly and was the only professional person that I dealt with. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** Onboarding team was unprofessional and unorganized at best. They were rude and dismissive at worst. Required useless meetings with a bunch of their team members that started by them discussing who was supposed to be presenting and what the meeting was about for the first 15 minutes. Invoicing is sloppy and appears randomly after they bill even though it should be monthly. Contract details were changed multiple times for no apparent reason and without giving any warning before sending over new terms for signature. I chose not to implement this feature into my product because they were unprofessional the second the contract was signed. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** Connecting data for budgeting tool ### 6. I have excellent experience and would love to recommend to others, **Rating:** 3.5/5.0 stars **Reviewed by:** Mike R. | Marketing consultant, Small-Business (50 or fewer emp.) **Reviewed Date:** November 29, 2022 **What do you like best about Mastercard Open Banking (formerly Finicity)?** greatly improves bank payments and AHS transfer **What do you dislike about Mastercard Open Banking (formerly Finicity)?** Nothing. I don't have anything to say dislike **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** usinesses to give permission for their financial data to be used and packaged for other companies to provide their services.22-Dec-2021 ### 7. Best real-time financial management services **Rating:** 4.5/5.0 stars **Reviewed by:** Sanju J. | International Support Specialist, Small-Business (50 or fewer emp.) **Reviewed Date:** October 03, 2022 **What do you like best about Mastercard Open Banking (formerly Finicity)?** API integration is very helpful also support teams are responsive **What do you dislike about Mastercard Open Banking (formerly Finicity)?** There was a problem to access my account, there was a link problem as well. But it's improving. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** It provides general insights to financial managemen. It's API integration process make a bridge with ERP. ### 8. Poorly designed APIs & documentation **Rating:** 2.5/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Mid-Market (51-1000 emp.) **Reviewed Date:** September 15, 2022 **What do you like best about Mastercard Open Banking (formerly Finicity)?** It has plenty of features, especially when compared to competitors. These features allow developers to be more flexible in their application design and development. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** The Finicity developer API documentation is a mess and frequently lacking in certain areas. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** Finicity is helping to obtain transaction data for business and data purposes. ### 9. Good choice, but it would be better **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Food & Beverages | Mid-Market (51-1000 emp.) **Reviewed Date:** September 16, 2022 **What do you like best about Mastercard Open Banking (formerly Finicity)?** I like the average speed of the whole platform. It is easy to understand the basic functions when you use it. **What do you dislike about Mastercard Open Banking (formerly Finicity)?** There are some issues from time to time and the platform generate error messages. **What problems is Mastercard Open Banking (formerly Finicity) solving and how is that benefiting you?** Real time financial data aggregation. - [View Mastercard Open Banking (formerly Finicity) pricing details and edition comparison](https://www.g2.com/products/mastercard-open-banking-formerly-finicity/reviews?section=pricing&secure%5Bexpires_at%5D=2026-06-02+02%3A23%3A21+-0500&secure%5Bsession_id%5D=049e4db4-0058-4b4f-959d-903c17c6a59b&secure%5Btoken%5D=8b86e6fa7b4d3d97b8247a32cb12ee3deeca9e9dea7f6c0c913b9192b01d2d92&format=llm_user) ## Mastercard Open Banking (formerly Finicity) Features **Platform Additional Functionality** - Mobility - Dashboard - Payment - Cloud **Payment Processing** - Encryption - Credit Card Processing - Mobile Payments - Digital Wallet Integration **Core Functionality** - eSignature - eNote - eVault - eNotarization **Connectivity** - APIs - Cards - Accounts - White-labeling **Agentic AI - Core Banking Features** - Autonomous Task Execution **Identity Verification Functions - Identity Verification** - Multi-Method Verification - AI Document Check - Biometric Face Match - Integration Options - Workflow Orchestration **Platform Interoperability** - API - Pre-Built Connectors **Administration** - Reporting & Analytics - E-commerce Integration - Processing Fees - POS Integration - Omnichannel - Levels 1 & 2 - Level 3 **Document Management** - Document Preview - Document Library **Compliance** - Reporting - Onboarding **Risk & Fraud Prevention - Identity Verification** - Liveness Detection - AI Risk Scoring - Document Forensics **Payment Options** - Multi-Currency - Online payment portal **Interoperability** - MERS Integration - LOS Integration **Agentic AI - Banking as a Service (BaaS)** - Decision Making **Agentic AI - Mobile Banking** - Autonomous Task Execution - Multi-step Planning - Cross-system Integration - Adaptive Learning - Natural Language Interaction - Proactive Assistance - Decision Making **Compliance & Governance - Identity Verification** - Standards Compliance - AML/PEP Screening - Global Coverage **Security** - POS Verification **Agentic AI - Digital Mortgage Closing** - Proactive Assistance **Platform** - Accounting integration - E-commerce Integration ## Top Mastercard Open Banking (formerly Finicity) Alternatives - [Plaid](https://www.g2.com/products/plaid/reviews) - 4.2/5.0 (43 reviews) - [Lightico](https://www.g2.com/products/lightico/reviews) - 4.8/5.0 (322 reviews) - [Birdeye](https://www.g2.com/products/birdeye/reviews) - 4.7/5.0 (3,942 reviews)