Specialized accreditation for open finance risk

Invela Accreditation is a standardized, purpose-built framework for vetting third-party provider risk in open finance. It integrates validated assessments performed by S&P Global, enabling financial institutions to make confident, evidence-based account access decisions at scale.

Invela Accreditation integrates validated assessments performed by S&P Global. Human-in-the-loop assessors from both S&P Global and Invela review critical documentation including company registration, beneficial ownership, data privacy policies, SOC2 and ISO certifications.

The accreditation process includes rigorous Know Your Business (KYB) checks, information security reviews, and use-case validation. It ensures that only legitimate, secure, and fit-for-purpose intermediaries and third-party providers gain network access.

Accreditation can result in full approval, conditional approval with specific remediation timelines, or rejection. Each outcome comes with transparent, evidence-based rationale - giving financial institutions objective grounds for account access decisions and giving third-party providers clear guidance on areas for improvement.

Accreditation is reassessed annually, or earlier if triggered by significant changes such as mergers, data breaches, or business model shifts. This ensures that risk assessments remain current and that the security posture of accredited entities stays up to date.

Rather than completing separate bespoke accreditations for every financial institution, intermediaries and third-party providers complete a single standardized Invela accreditation to access all financial institutions in the network. This dramatically reduces compliance overhead, cost, and friction.

Yes. The Invela Registry leverages existing documentation and AI to enable scalable, efficient, and cost-effective accreditation processing - while maintaining rigorous standards through expert human oversight.