Your Open Data
Sharing Requirements
Ensure compliance with Wych's proven, cost-effective CDR solutions. Seamlessly integrate into the Consumer Data Right ecosystem, enabling secure and efficient data sharing across sectors. Our robust tools simplify your CDR journey, supporting both your compliance and growth needs.
Activate CDR
Partner with Wych to seamlessly meet your Open Banking obligations. Our customizable, scalable solutions ensure compliance, enhance your service offerings, and support your growth—all while keeping your operations secure and efficient.
Customisable Solutions
Wych offers tailored and scalable solutions that fit your business's unique needs. These solutions ensure compliance and security while supporting growth and expansion, all with rapid deployment to meet Open Banking obligations efficiently.
Comprehensive Support
Leverage Wych's pre-built solutions to meet all regulatory requirements, including data protection and customer consent management, without extensive in-house development. Benefit from ongoing support and maintenance to keep your platform up-to-date with the latest regulations and technology.
Enhanced Offerings
Beyond compliance, Wych enhances your business by providing data enrichment, insights, and seamless integration options, including white-label solutions. As you expand internationally, Wych ensures smooth market entry with compliance to local standards.
Product Reference Data
As part of our Data Holder as a Service platform, Wych offers a PRD automation solution that seamlessly integrates with your workflows, ensuring optimal management of your Product Reference Data (PRD) with unmatched efficiency.
PRD Hosting
Wych offers a PRD management capability. From there you can create, update and maintain your PRD, with integrated validation and approval flows.
PRD Verification
Wych’s PRD validation and monitoring can ensure you are always accurate regardless of your PRD Hosting provider.
With automated validation and alerting you won’t be surprised.
Three steps to achieve compliance
The Wych system guides your business through the key stages of open banking, ensuring you move from merely surviving compliance challenges to thriving in a fully integrated ecosystem.
First, Wych helps you survive by addressing risk and ensuring compliance with regulatory standards.
As you progress, you can strive by leveraging bi-directional data flows with Wych’s integrated Accredited Data Recipient (ADR) capability, enhancing data exchange and customer engagement. Finally, Wych enables your business to thrive by connecting with our partner ecosystem, unlocking new opportunities for growth, innovation, and customer value.
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Connect
Integrate Wych’s Data Holder solution seamlessly. Whether you prefer to use your existing APIs or opt for Wych’s unified standard, our approach ensures quick and efficient compliance with Open Banking regulations. Simplify the process and get compliant faster, with a flexible, secure connection.
Manage
Bring your team, customers, and products together with Wych’s centralised, user-friendly management portal. Easily support your customers, compare products, and access API credentials to connect our systems to yours, streamlining management and boosting efficiency.
Monitor
Now that you're live and compliant, Wych ensures you stay that way with continuous monitoring of your production system. Utilise our reports and alerting to track when, how, and with which ADRs your customers are sharing data, giving you full visibility and control over your compliance responsibilities.
Features of Wych's
Activate CDR
Consent Management
Wych’s robust consent management platform ensures that all data sharing is permission-based and fully compliant. Businesses can maintain trust with their customers by offering clear and managed consent options, guaranteeing the safe use of their data.
Flexible Integration
Wych offers flexible integration options, allowing businesses to incorporate data-sharing capabilities into their existing systems effortlessly. This adaptability ensures that businesses can scale quickly and efficiently, without disrupting their current workflows.
End-to-End Support
From initial setup to ongoing maintenance, Wych provides full end-to-end support for businesses navigating CDR compliance. Our dedicated support ensures that your data-sharing operations run smoothly and stay up to date with regulatory changes.
Bi- Directional
Data Enablement
Wych’s platform enables bi-directional data flow, allowing businesses to both share and receive data securely. This capability supports enhanced collaboration between financial institutions, unlocking new opportunities for innovation.
Account and Product Reference Data
Wych ensures seamless access to account and product reference data, enabling businesses to stay compliant while providing customers with up-to-date financial information. This feature simplifies data access and enhances operational efficiency across the board.
Single Sign-On (SSO)
Wych enables users and staff to securely access the platform using a single set of credentials. This simplifies login management and enhances security, improving the overall user experience across your organization.
Data Holder Testing
Build Verification
Easily integrate Wych’s self-hosted Data Holder testing tool into your development pipelines. Whether it’s on your developer machines or in automated test environments, Wych offers unmatched flexibility for validating non-production environments.
Enterprise-grade security
and encryption
We use bank-grade security and encrypt data at rest and in transit using minimum 2048-bit encryption.
Secure data centre
Wych takes every precaution to maintain the security of your data. Our data centres are ISO27001:2013 and SOC2 compliant, and we follow industry best practice and standards such as PCI DSS, SOC2 and ASAE 3150.
Secure development
Wych Data development follows industry best practice for minimising security risks, including OWASP guidelines.
Secure process
Partnering with us means you get the full benefit of our security processes. We protect the data and connections for you.