The latest episode of the Connector Podcast features a thoughtful conversation with Jean-Gabriel and Andrew from Exthand, a company at the forefront of open banking solutions. This episode covers key aspects of their business journey, from the founding of Exthand to its plans for global growth. Jean-Gabriel and Andrew offer valuable insights into their technology's impact, especially in areas like cash management and data security.
Exthand’s story is as interesting as its technological approach. Founded in 2018 by Jean-Gabriel and his co-founder—longtime collaborators since their teenage years—Exthand quickly gained recognition in the open banking space. Jean-Gabriel explains how their customer-operated cloud solution differentiates itself by providing enhanced data security and privacy. Unlike traditional SaaS models, Exthand’s technology is run within the customer’s own cloud infrastructure, removing the need for data to pass through Exthand's servers. This approach strengthens both security and privacy.
Andrew shares some notable client success stories to demonstrate how Exthand’s technology works in practice. For instance, Treasury Intelligence Solutions (TIS), a major player in treasury management, uses Exthand’s infrastructure to provide advanced cash management services for a leading global FMCG company. By linking with banks across Europe and the U.S., Exthand’s technology allows TIS to offer clients a unified financial data platform that improves cash and treasury management, illustrating the tangible value Exthand brings to its clients.
Another example involves Swave, a Belgian company working with local governments to boost city economies. Swave’s app, powered by Exthand’s infrastructure, enables users to link their bank accounts and track spending in local stores. Users are rewarded with perks like free parking when they shop locally, supporting small businesses. This project highlights how Exthand’s technology can be used in creative ways to support broader economic initiatives.
The episode also touches on the importance of data standardization in open banking. With connections to over 2,300 banks, Exthand faces the challenge of ensuring consistent and reliable data across different systems. Andrew discusses the technological challenges involved and how Exthand addresses them to maintain high data quality for its clients.
Exthand’s technology is versatile, with applications in various sectors such as cash management and credit institutions. The company offers flexible, white-label solutions that can be customized to meet the specific needs of different industries, a key strength that allows Exthand to serve a diverse client base effectively.
Looking ahead, Exthand has ambitious plans for global expansion. The company is aiming to grow its presence in markets like the UK, Brazil, and India. This expansion strategy includes developing industry-specific solutions, such as risk management APIs for payments. These efforts are part of Exthand’s goal to remain at the forefront of innovation in the FinTech sector while continuing to expand its capabilities.
For FinTech professionals and enthusiasts, the episode provides useful advice on connecting with Exthand for infrastructure solutions. Andrew encourages listeners to reach out via email or LinkedIn for updates and opportunities. The episode concludes with a promise of more exciting developments in FinTech, leaving listeners anticipating the next discussion.
In summary, this episode of the Connector Podcast offers an in-depth look at how Exthand is reshaping the financial landscape through its open banking solutions. From improving data security and privacy to enabling advanced cash management and supporting local economies, Exthand’s technology is making a meaningful impact. With a clear focus on innovation and ambitious expansion plans, Exthand is well-positioned to continue leading in the FinTech space. This episode is an insightful listen for anyone interested in the future of financial technology and open banking.
Listen to the full episode here.