An intermediary is held accountable for the behavior of fourth, fifth, and nth parties it has no agency over – accountable upward to the banks that set the bar, and blind downward to the sub-processors it doesn't control. Closing that two-sided exposure requires an independently verified trust mark, not a case-by-case argument.
To turn that exposure into a competitive edge, Chief Executive Officers (CEOs) and founders should structure their approach around three connected steps:
- Get independently verified, not just self-declared: Obtain an accreditation and live risk score so you stop being judged on faith and start being judged on evidence, closing the downward blind spot as well as satisfying the upward requirement.
- Use accreditation as a commercial asset: Put the recognized accreditation directly in front of banks deciding who to trust, so compliance work doubles as a competitive edge while keeping compliance costs from scaling in lockstep with your network growth.
- Signal stewardship of the network: Encourage the third-party providers connecting through you to join the network and participate in the Warranty too, since demonstrating that kind of stewardship of the open finance ecosystem strengthens your own standing with the banks deciding who to trust.
About Invela
Invela is the infrastructure layer that makes open finance trustworthy – accrediting who's in the network, monitoring risk in real time, and ensuring liability lands in the right place. Open finance, covered.
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