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Mastercard Open Banking (formerly Finicity)

By Mastercard

3.7 out of 5 stars

How would you rate your experience with Mastercard Open Banking (formerly Finicity)?

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Mastercard Open Banking (formerly Finicity) Pros and Cons: Top Advantages and Disadvantages

Quick AI Summary Based on G2 Reviews

Generated from real user reviews

Users appreciate the ease of use of Mastercard Open Banking, finding integration and management straightforward and efficient. (3 mentions)
Users appreciate the easy setup of Mastercard Open Banking, simplifying data privacy and integration processes. (2 mentions)
Users appreciate the amazing features and ease of integration, enhancing overall financial management and data privacy. (2 mentions)
Users appreciate the easy integrations of Mastercard Open Banking, enhancing data management and development efficiency. (2 mentions)
Users appreciate the ease of use of Mastercard Open Banking's API, simplifying integration for developers. (1 mentions)
Users report issues with delays in refreshing financial data, impacting the effectiveness of real-time updates. (1 mentions)

Top Pros or Advantages of Mastercard Open Banking (formerly Finicity)

1. Ease of Use
Users appreciate the ease of use of Mastercard Open Banking, finding integration and management straightforward and efficient.
See 3 mentions

See Related User Reviews

GM

Gataka M.

Small-Business (50 or fewer emp.)

4.5/5

"A Great Financial Management Solution For Business"

What do you like 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

HJ

Harsh J.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizing Financial Data Connectivity and Verification"

What do you like 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.

2. Easy Setup
Users appreciate the easy setup of Mastercard Open Banking, simplifying data privacy and integration processes.
See 2 mentions

See Related User Reviews

HJ

Harsh J.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizing Financial Data Connectivity and Verification"

What do you like 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.

NO

Nologor O.

Small-Business (50 or fewer emp.)

4.5/5

"A Great Data Privacy Solution"

What do you like 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.

3. Features
Users appreciate the amazing features and ease of integration, enhancing overall financial management and data privacy.
See 2 mentions

See Related User Reviews

GM

Gataka M.

Small-Business (50 or fewer emp.)

4.5/5

"A Great Financial Management Solution For Business"

What do you like 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

NO

Nologor O.

Small-Business (50 or fewer emp.)

4.5/5

"A Great Data Privacy Solution"

What do you like 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.

4. Integrations
Users appreciate the easy integrations of Mastercard Open Banking, enhancing data management and development efficiency.
See 2 mentions

See Related User Reviews

HJ

Harsh J.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizing Financial Data Connectivity and Verification"

What do you like 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.

NO

Nologor O.

Small-Business (50 or fewer emp.)

4.5/5

"A Great Data Privacy Solution"

What do you like 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.

5. API Usability
Users appreciate the ease of use of Mastercard Open Banking's API, simplifying integration for developers.
See 1 mentions

See Related User Reviews

HJ

Harsh J.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizing Financial Data Connectivity and Verification"

What do you like 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.

Top Cons or Disadvantages of Mastercard Open Banking (formerly Finicity)

1. Delays in Process
Users report issues with delays in refreshing financial data, impacting the effectiveness of real-time updates.
See 1 mentions

See Related User Reviews

HJ

Harsh J.

Small-Business (50 or fewer emp.)

5.0/5

"Revolutionizing Financial Data Connectivity and Verification"

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.

Mastercard Open Banking (formerly Finicity) Reviews (9)

Reviews

Mastercard Open Banking (formerly Finicity) Reviews (9)

3.7
9 reviews
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Deepansh K.
DK
Jr. Business Research Associate / Strategic Insights
Small-Business (50 or fewer emp.)
"One of the powerful and easy-to-use financial data API’s"
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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

HJ
Manager
Small-Business (50 or fewer emp.)
"Revolutionizing Financial Data Connectivity and Verification"
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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

GM
IT Manager
Broadcast Media
Small-Business (50 or fewer emp.)
"A Great Financial Management Solution For Business"
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 Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking (formerly Finicity)?

Finicity has all we need. No dislikes at all. Review collected by and hosted on G2.com.

NO
Sales Rep
Hospitality
Small-Business (50 or fewer emp.)
"A Great Data Privacy Solution"
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. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking (formerly Finicity)?

Finicity has the features our business needs and no issues. Review collected by and hosted on G2.com.

Verified User in Computer Software
AC
Small-Business (50 or fewer emp.)
"Unorganized and unprofessional company"
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. Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

MR
Marketing consultant
Small-Business (50 or fewer emp.)
"I have excellent experience and would love to recommend to others,"
What do you like best about Mastercard Open Banking (formerly Finicity)?

greatly improves bank payments and AHS transfer Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking (formerly Finicity)?

Nothing. I don't have anything to say dislike Review collected by and hosted on G2.com.

Sanju J.
SJ
International Support Specialist
Small-Business (50 or fewer emp.)
"Best real-time financial management services"
What do you like best about Mastercard Open Banking (formerly Finicity)?

API integration is very helpful also support teams are responsive Review collected by and hosted on G2.com.

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. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Mid-Market (51-1000 emp.)
"Poorly designed APIs & documentation"
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. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking (formerly Finicity)?

The Finicity developer API documentation is a mess and frequently lacking in certain areas. Review collected by and hosted on G2.com.

Verified User in Food & Beverages
UF
Mid-Market (51-1000 emp.)
"Good choice, but it would be better"
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. Review collected by and hosted on G2.com.

What do you dislike about Mastercard Open Banking (formerly Finicity)?

There are some issues from time to time and the platform generate error messages. Review collected by and hosted on G2.com.