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Retail

Leverage customer financial data for your business success

Commerce today happens both physically and digitally. While “goods for money” remains the core principle, ordering and payment now often take place online — between unfamiliar parties. Qwist’s solutions help overcome these and other challenges.
Better assessment of risks

Minimising business risks on a solid data basis

Retailers, both brick-and-mortar and online, are facing complex challenges these days. Fraud prevention, identity verification and credit checks are crucial in order to gain the trust of customers and fulfil legal requirements. At the same time, complicated onboarding processes and a lack of customer insights make customer acquisition and retention difficult. Qwist has solutions based on access to raw and categorised financial data to support verification, risk assessment, data enrichment for upselling and other commercial use cases. With its Financing Platform, Qwist also supports online retailers who want to offer their customers the option of financing medium to large purchases with the help of commercial bank loans.
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About Qwist

We are a leading technology and solution provider for Open Finance

Learn more about Qwist

30%

reduction in fraud rate

70%

Faster onboarding

95%

reduction in verification errors

+ 40 %

accuracy in risk assessment

30 %

reduction in operating costs

25%

increase in lending accuracy

Our solutions for e-commerce and brick-and-mortar retail

Our nrich Financial Data Suite includes several solutions based on access to raw and categorized financial data to support verifications, risk assessments, data enrichment for upselling, and other commercial use cases.

We support online merchants who want to offer their customers the ability to finance medium to large purchases through commercial bank loans with our Financing Platform from the mbed Digital Lending Suite.

A person sitting at a table with food on the table and a tablet showing an online financing of a purchase

Qwist products offer you the following advantages:

Real-time data

Real-time data retrieval from over 3000 financial institutions in Germany, Austria, Portugal and Spain.

Less fraud

Avoid fraud by securely retrieving and verifying data from end users’ real bank accounts.

Improved user experience

An optimised customer experience through a fast, reliable and hassle-free verification process.

Key risk indicators

We provide affordability checking, gambling, credit, overdraft and collections data – all in real time.

Continuous risk mitigation

Proactive and continuous risk management by monitoring financial stability with real-time data for up to 180 days on a single authorisation (Consent).

Increase revenue

by targeting the untapped audience that previously could not afford to buy and allowing existing customers to choose more and more expensive products.

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Our solutions in practice

Get an impression of how our solutions prove themselves in day-to-day business:

A woman browsing through clothing racks in a retail store, examining various garments.