Fintech has a plumbing problem. 

For years, identity, payments, and transaction data have been treated as separate worlds. 

Need to verify a customer? That’s an identity provider. Want transaction data? Call your aggregator. Want to move money? That’s a payment processor.

Sounds simple, doesn’t it?

It’s anything but.

In reality, these aren’t separate problems—they’re deeply interconnected.

• Payments need identity to reduce fraud and chargebacks.
• Identity needs transaction data to verify financial behavior.
• Transaction data needs payments to confirm real cash flow.
  

But your stack wasn't built for this. 

Early on your MVP had to connect to a bank account. No bank connection, no users. Simple as that.

Then came payments—because what’s the point if money can’t move? 

Then you hit critical mass. More users meant more problems. Fraud showed up at your doorstep. Chargebacks. Bad actors. KYC wasn’t a nice-to-have anymore—it was survival.

So you did what everyone does. You bolted on vendors. One for bank data. One for payments. One for identity. Each solving one problem in isolation.

Each step was a reaction, another vendor, another API. Every piece operated in its own lane, blind to the others:

• Identity verifies users but can’t see their transactions.
• Data aggregators pull history but don’t talk to payments.
• Payment processors move money but miss the risk signals.

Now? You’re running a fintech Rube Goldberg machine—an endless loop of mismatched data, broken connections, and engineers duct-taping APIs just to keep the lights on.

You have a collection of disconnected parts—each doing its job, none working together.

And here’s the real problem: those silos kill conversion.

• A new customer signs up. The identity check takes an eternity. They drop off.
• A payment fails. No real-time insight into why. You lose a transaction. And a customer.
• A lender pulls open banking data. It’s missing key transactions. Bad loan decision. You’re throwing away cash.

It’s not just a UX problem—it’s a revenue problem.

The friction costs real money, and fintech companies are waking up to the fact that data silos aren’t just inefficient; they’re dangerous.

So, what’s the fix? 

I’ll tell you what–it isn’t another one-size-fits-all vendor promising to “do it all.” 

Breaking Free from Fintech’s Data Silos

The real solution is a modular ecosystem of best-in-class solutions.

 You don’t need one provider to rule them all. You need the freedom to choose the best identity, payment, and data partners—without getting trapped in a single vendor’s ecosystem. 

That means:

✅ Identity that actually understands transactions. Know if a customer is legit based on their financial behavior, not just a static KYC check.

✅ Payments that don’t fail blindly. If a transaction is likely to bounce, know it before you process it.

✅ Transaction data that feeds underwriting, fraud detection, and payments in real time. Not hours or days later.

This is why Quiltt exists.

• Think of Quiltt as the glue—it orchestrates data across multiple aggregators like Finicity, MX, and Akoya, so you aren’t locked into a single provider’s ecosystem. It also makes it easier to connect with best-in-class enrichment providers—like Pave, FinGoal, and Ntropy—so you can layer in insights without rebuilding your stack.
• Meanwhile our partner Straddle handles payments. It connects real-time bank data with fraud detection, giving fintechs visibility into customer financial behavior before transactions fail.
• And when it comes to identity, our partner Persona has you covered. From document verification and facial biometrics to sanction screening and fraud signals, it ensures you actually know who’s on the other side of the transaction—before they become a problem.

Instead of forcing you into yet another monolithic stack, Quiltt enables flexibility. 

Want to mix-and-match MX for data, Straddle for payments, and Persona for identity? No problem.

Need cash-flow underwriting before extending a loan and forwarding the funds? We’ve got you.

And the best part? It’s all built to evolve—because the last thing you want is to be stuck with a vendor that forces you to use their entire stack, even when better solutions emerge.

The Walled Gardens Are Cracking—And That’s a Good Thing

A modular fintech stack won’t just solve your problems today—it’ll ensure you’re ready for what’s next.

For years, fintechs have been stuck in an all-or-nothing trap. 

But now the cracks are showing.

Regulation (hello, CFPB & Regulation 1033), market demand, and better technology are forcing change. You  don’t want to be boxed in. You  want to build products that serve your  customers—not your vendors.

With Quiltt, you get:

• No lock-in. Need to swap data providers? Want better payment rails? We’re the easy button.
• Better data, and smarter risk decisions. Identity verification, payments, and transaction monitoring should talk to each other. We make that possible—without requiring a one-size-fits-all stack.
• Future-proofing. The biggest risk in fintech isn’t fraud—it’s betting on the wrong infrastructure. Choosing modularity now means you won’t have to rip and replace later.

The fintech stack of today is rigid and vendor-captive. Tomorrow’s is modular and vendor-agnostic.

The smart fintechs that win will be the ones that realize this and build with flexibility in mind from day one.

Want to be one of them? You know where to find us.

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