Case Study: Blossom grows ethical savings with Basiq Open Banking

Blossom is helping Australians grow their savings without costing the Earth

Blossom, an Australian fintech app offering ethical fixed-income investments, needed to access consented customer banking data from multiple institutions to power its auto-grow feature, which rounds up everyday purchases to enable micro-investing. This was required to help customers build better financial habits and grow their savings easily. To securely and reliably implement this open banking functionality, Blossom turned to the vendor Basiq.

By implementing Basiq's open banking solution, Blossom gained secure, consented access to the customer data required for its key features. Basiq provided comprehensive coverage of Australian banks, including smaller institutions, ensuring Blossom could service a wide range of customers. The solution also delivered strong fraud protection to keep customer data and savings safe. This partnership has supported Blossom's growth to over 8,600 customers and more than $36 million in assets under management, helping Australians reach their savings goals.

Blossom

Gaby Rosenberg

Co-Founder