Intermediary chief operating officer: why you need real-time visibility into the parties connected through you

An intermediary is the connective tissue in the chain, but typically has no real-time visibility into the parties connected through it. Continuous monitoring replaces blind operation with an active early-warning system, so problems surface and can be dealt with before they cascade – reducing the chance that a financial institution feels compelled to switch off your account access in the first place.

To move from blind operation to active oversight, Chief Operating Officers (COOs) should structure their approach around two connected steps:

1. Surface problems before they cascade: Replace blind operation with continuous monitoring so issues are flagged while still manageable, rather than after they've cascaded through the chain.
2. Prove trustworthiness once, not repeatedly: Use a single accreditation to satisfy every bank and aggregator you connect to, rather than undergoing separate due diligence with each one, and share your risk score, underpinned by continuous, evidenced monitoring in place of a manual audit trail.

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.