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In this guide, we will introduce you to the core concepts and know-hows of how Groov works. 

The Groov platform

Groov unlocks SMB (customers) sales data for Institutions to create innovative products and solutions for their customers, it provides:

1. Fine grained Sales data from multiple providers via an Unified API

   1. Data from various sources in a standardised format

   2. Pre built dashboards/aggregated information - low code/minimal setup

2. A white labeled consent management and authorisation CONNECT module to help their SMB customers connected any of their external accounts (eg: Point of Sales merchant accounts, Bank accounts and any other supported accounts that their customers use)

3. A Portal for Institutions to self manage their setup with Groov, aids in API key management and provides a rich dashboard of all connected customers accounts

4. Insights As a Service for Institutions

   1. To aid in credit decisions, business health check, acquisition, retention, forecasting, cross selling

   2. To provide business insights to their SMB customers

5. A low-code/config, plug and n play EXPERIENCE module for Institutions to connect to their existing application and leverage the power of fine grained sales information directly from their application without having to build using our unified API.

6. Payments as a Service to manage payments lifecycle from the institution application directly

7. Banking & Financial product data enabling AISP/PISP services from your platform

8. Value Added Services for Platforms to offer to their customers (white-labeled)

   1. Payroll Management tool (via PISP offering)

   2. Accountancy integration

   3. Loyalty/Rewards

To summarise, the product provides FI’s, ISV’s and other business services platforms the toolkit for building a smart account ledger view via the unified API to build account integrations with various payment service providers, eCommerce providers and various other Financial Service providers that their SME business customers use. Such a capability enables data aggregation across various account types with an aim to create a single ledger view of their platform customer(s) 
Note: Items greyed out are not available as Day 1 features but are there as part of our product roadmap.