Open Banking
Opening up banking,
just for YOU
Flexibility and Personalization
Tailored solutions for each organization’s needs – from integration to smart financial management.
Centralized and Accurate Management
Consolidation of all financial data from all sources – in one unified place.
Advanced Data Security
Secure infrastructure and advanced APIs, fully compliant with international standards.
Reduced Operational Risk
Automation of manual processes saves time and reduces human error.
Want to connect to open banking?
Here’s how to complete the required authorizations
Steps to establish a connection with Mercantile Bank:
- Authorize one of the signatories to act on behalf of the corporation in the open banking interface (including setup and revocation of permissions).
- If multiple signatories are authorized, each one must individually approve the consent.
- Complete the “Business Plus” service enrollment form digitally, or the relevant form for service changes and updates.
- A separate form must be completed for each legal entity.
Guidelines for Establishing Communication with Discount Bank
- Authorize one of the signatories to act on behalf of the corporation in open banking (including setting up and revoking permissions).
- If several signatories are appointed – approval from all is required.
- Complete the “Business Plus” service enrollment form digitally, or the service change and update form.
- A separate form must be filled out for each corporation.
Instructions for establishing communication with the Bank Hapoalim Group
(Bank Hapoalim, UBank, Otsar HaHayal, Pagi, Massad)
No special forms are required – simply ensure that the authorized signatory has permission to perform digital actions on the bank’s website.
Once the signatory grants consent to share data, the remaining signatories (if required) must log into the website and navigate to:
“Personal Settings” > “Manage Data Sharing Permissions”There, a pending approval will appear. Each signatory must click “Approve” to complete the process, in accordance with the signing rules of the corporation.
Guidelines for Establishing Communication with Bank Hapoalim
- Log in to the bank’s website in the personal area.
- Navigate to: Permissions > Protocol > Select Account > Update Accounts > Account Access Permissions.
- Select the relevant signatory.
- Check the option “Information Sharing – Open Banking”.
- After completing the process, a protocol document will be generated for signing by the signatories and lawyer.
- Send the signed document to the banker – either by email or by uploading it via the bank’s website contact form.
Guidelines for Establishing Communication with Leumi Bank
- Log in to the bank’s website using one of the authorized signatories.
- Navigate to: Contact Us > Write to the Banker.
- Fill out the notification form regarding the corporation’s decision to appoint an authorized signatory for open banking.
- Have the account holders sign it, followed by a lawyer.
- Send the signed form back to the bank – via Contact Us > Write to the Banker.
Guidelines for Establishing Communication with Leumi Bank
- Log in to the bank’s website.
- Submit a request to the banker using the relevant form.
- Request authorization for the signatory to share financial information with a third party – Meteor.
- Have the form signed by the authorized corporate representatives, and upload it to the bank via the website.
Guidelines for Establishing Communication with Mizrahi Bank
- Log in to the bank’s website.
- Submit a request to the banker using the relevant form.
- Request authorization for the signatory to share financial information with a third party – Sertomo.
- Have the form signed by the authorized corporate representatives, and upload it to the bank via the website.
Frequently Asked Questions
How does open banking improve bank account management within an organization?
It enables automatic consolidation of data from all accounts and banks, provides a comprehensive and accurate real-time overview, and reduces the need for manual data processing.
Which processes can be automated with Meteor’s solutions?
The solution includes automation of bank reconciliations, cash flow management, and collection and settlement processes with suppliers and customers.
How is data security maintained within the service?
Data is transmitted via secure API interfaces that comply with the strictest information security and regulatory standards, including privacy protection.
Is the service suitable for every organization?
Yes, the service is suitable for organizations and corporations of all sizes, especially those with multiple bank accounts and high financial complexity.
How does the solution help improve financial decision-making?
By leveraging real-time updated data and data analysis tools, fast and accurate insights into the organization’s financial status can be obtained, enabling smarter strategic decision-making.
