Building Financial Inclusion Through Open Banking

July 09, 2025 Finexer Open Banking
building-financial-inclusion-through-open-banking-the-success-story-of-finexer-open-ba-committee-app
The Success Story of Finexer Open Banking & Committee App

Finexer & Committee Success Story

Introduction

In a world where millions remain excluded from traditional banking, Committee App is transforming community savings by digitizing the trusted tradition of ROSCA models (Rotating Savings and Credit Associations). Known globally as Ajo, Pardna, Chit, Stokvel, Hagbad, and more, these collective savings models are being made simple, secure, and accessible through Committee's mobile app.

To achieve this vision, Committee partnered with Finexer Open Banking—a collaboration that has accelerated customer onboarding, streamlined payments, and brought trust and efficiency to underserved communities worldwide.

About Committee App

Committee App empowers diaspora communities and underserved individuals who often face barriers in accessing traditional banking. By blending cultural familiarity with regulated digital infrastructure, the app enables:

  • Secure collective savings
  • Faster access to funds
  • The ability to build credit profiles for deeper financial integration
"Our primary customers are migrants, working families, and communities that rely on trust and transparency. We help them save together, build resilience, and ultimately integrate into the financial system."

Why Committee Chose Finexer

Committee's search for the right partner was about more than just technology—it was about shared vision.

"We chose Finexer because of their specialist expertise in Open Banking and deep understanding of emerging fintechs like ours. Their infrastructure not only connects us securely to customers' bank accounts but also shares our vision of using innovation to drive financial inclusion."

Key reasons Committee selected Finexer:

  • Security & Compliance: FCA-compliant infrastructure providing regulatory assurance
  • Flexibility: Technology that adapts with Committee's growth roadmap
  • Shared Purpose: A commitment to bringing financial services to underserved communities
"This combination of trust, security, and shared purpose made Finexer the clear partner of choice for Committee."

Challenges Before Finexer

Before partnering with Finexer, Committee faced two major hurdles:

  • A process-heavy KYC journey that frustrated users
  • Lack of agility in integrating with traditional financial systems
"These issues created friction for our users and slowed our ability to scale."

How Finexer Transformed the Journey

Finexer delivered a seamless Open Banking solution that reshaped Committee's user experience:

  • Faster Onboarding: Simplified KYC with instant account verification
  • Accelerated Payments: Streamlined fund transfers and collective contributions
  • Improved Insights: Better financial data to empower smarter decisions
"Finexer's team has been constantly available and highly responsive, ensuring that every challenge was addressed quickly and effectively. As a result, we've seen significant improvements in customer satisfaction, operational efficiency, and speed-to-market."

Why the Partnership Works

The Finexer–Committee partnership thrives because of a deep alignment in values and execution:

  • Shared Mission: Both companies are committed to financial inclusion
  • Scalable Technology: Finexer provides a platform that grows with Committee's global ambitions
  • Proactive Support: Finexer's team works as an extension of Committee's own, ensuring agility and responsiveness
"This isn't just a vendor relationship—it's a strategic partnership. Finexer's flexibility and understanding of our vision make them invaluable to our journey."

Looking Ahead

As Committee continues to expand globally, Finexer will remain at the heart of its open banking infrastructure.

"Finexer will continue to be our partner of choice as we expand geographically and into new financial services domains. Their technology underpins how we'll deepen customer insights, launch new services, and enable seamless cross-border flows."

One major area of future collaboration is remittances and cross-border payments—a frequent request from Committee's user base.

"This partnership is not just about today's needs. It's a foundation for long-term innovation and growth."

Conclusion

The partnership between Finexer and Committee App demonstrates how open banking can be a powerful driver of financial inclusion, unlocking opportunities for communities traditionally left behind by conventional banking systems.

Together, they are proving that technology, when paired with cultural trust and regulatory strength, can transform lives across borders.

Discover how Finexer can transform your business with innovative open banking solutions. Contact us to start your journey!

Get Started