finX delivers the API-first, consent-driven Open Finance platform that helps banks, insurers, takaful operators, and EMIs comply with Bank Negara Malaysia's regulatory framework — securely and on schedule.
BNM's ED-OFIN-25 mandates phased open finance participation for Malaysian financial institutions. The infrastructure challenge is real — and time is short.
Phase 1 compliance (banks with >1M customers) is a hard regulatory deadline. Building in-house API infrastructure in time is a significant engineering challenge.
BNM requires explicit, time-limited, revocable customer consent for every data-sharing event — a sophisticated consent layer most FSIs don't have.
Open Finance demands standardised APIs that work across banks, insurers, takaful operators, DFIs, and EMIs — a complex, cross-industry integration effort.
All customer data must traverse encrypted channels without storage or leakage at intermediary layers — compliant with both BNM and PDPA requirements.
finX is a modular, BNM-aligned Open Finance platform built for the Malaysian market — deploy as a full stack or adopt individual modules.
Standardised REST & event-driven APIs for data providers and consumers. PayNet-compatible, BNM-schema aligned, with built-in rate limiting and versioning.
End-to-end consent lifecycle management: initiation, customer authorisation, granular scope control, time-bound expiry, and revocation — all auditable.
Zero-storage relay architecture: customer data flows encrypted between institutions without finX ever persisting or viewing the payload.
Real-time monitoring of data-sharing events, audit trails, consent statuses, and SLA adherence — purpose-built for compliance and risk teams.
Onboard, verify, and manage approved data consumers (TPPs) with KYB workflows, access controls, and sandbox testing environments.
Pre-built adaptors for Malaysia's dominant core banking systems. Go live in weeks, not months — without ripping out existing infrastructure.
finX's architecture was designed from the ground up against the requirements set out in BNM's Exposure Draft ED-OFIN-25, ensuring mandated financial institutions can meet their Phase 1 deadline with confidence.
A structured, low-disruption onboarding process designed for Malaysian financial institutions.
We audit your existing core banking infrastructure and map BNM-mandated data schemas to your systems.
→Deploy our pre-built connectors into your environment. API Gateway and Consent Engine go live in your preferred hosting model.
→Use our BNM-sandbox environment to validate data flows, consent journeys, and encryption against regulatory requirements.
→Launch with full monitoring, SLA guarantees, and our Malaysia-based support team available around the clock.
The window to build, test, and certify your Open Finance infrastructure is narrowing. Let's talk about your readiness today.