An intermediary is the connective tissue in the open finance chain, but typically has no real-time visibility into the parties connected through it -- meaning problems downstream are usually discovered after they've already caused damage, not before. Continuous monitoring closes that blind spot and replaces it with an early-warning system.
To move from blind operation to active oversight, Chief Operating Officers (COOs) should structure their approach around three connected steps:
- Extend visibility past the direct connection: Monitor the providers connected to you, and the providers those providers connect to in turn, since traditional due diligence run once at onboarding doesn't reach that far down the chain.
- Surface problems before they cascade: Replace periodic re-checks with continuous risk monitoring so issues are flagged while still manageable, rather than after they've cascaded upward to the banks and downward to your own connections.
- 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 hand over 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.
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