Powens, a leading European Open Finance infrastructure provider, has announced the launch of Connector Agentic Factory, an internal AI system capable of building new Open Finance connectors and repairing existing ones. The company positions the system as a key step toward its stated ambition of becoming the most complete and reliable Open Finance infrastructure in Europe, and as a way to shorten both the time needed to build new connections and the time needed to recover when existing ones break.

The technology is already at work: 12 new connectors have been delivered across Europe, and repairs that once took days are now completed in minutes rather than days. Powens stresses that no control is being ceded to automation — every connector the AI proposes is still reviewed and approved by Powens engineers before it goes live.

Connectors: The Backbone of Open Finance Services

Connectors are the technical links that let banks, fintechs, and financial apps securely retrieve a customer's financial data, or make payments, from a bank or other institution. Powens maintains more than 1,800 of them across Europe, and they underpin the services that banks, fintechs, lenders, wealth platforms, and software vendors offer their own customers. That connectivity model took root under Europe's open banking rules, which required banks to let customers share account data with licensed third-party providers, and Open Finance has since been pushing the same access toward wider categories of financial data such as investments and savings — the areas where Powens' new build capability is currently focused.

Until now, repairing a broken connector could take up to two days of engineering work, and building a new one could take up to three weeks. Connector Agentic Factory is designed to change that equation.

Building in Hours, Repairing in Minutes

To build a new connector, the system examines how a given institution's systems work and creates the connection accordingly within a couple of hours. The 12 connectors already delivered this way span banking, wealth, and document data sources across Europe.

When an existing connector breaks, the system investigates what went wrong and proposes a fix, cutting a typical repair from up to two days down to 10–15 minutes. According to Powens, 50% of the fixes proposed by the system are directly approved by its engineers — a rate that keeps improving as the system matures. The company says the result is faster expansion of coverage, faster recovery when something breaks, and a higher quality of service for the customers who rely on Powens. For the banks, fintechs, and apps connected through that network, shorter repair windows also mean shorter interruptions to the services they deliver to their own end customers, since a broken connector halts the data flow those products depend on.

Human Oversight at Every Stage

The technology operates with human oversight at every stage: every proposed connector or fix is checked and approved by Powens engineers before it goes live, ensuring the reliability and accountability the financial industry demands. Powens also emphasizes that the AI does not manipulate data or payments; it is exclusively used to build and maintain connectors that remain deterministic and secure in nature. The setup is an example of a pattern taking shape across financial services as AI enters regulated environments: automation handles the drafting and diagnosis, while final authority stays with people.

"Our ambition is to unlock the full potential of Open Finance and build the best infrastructure in Europe, covering every type of data and delivering unparalleled levels of quality and coverage in every market we serve," said Jean Guillaume, CEO at Powens. "Powens' Connector Agentic Factory is a direct expression of that ambition: AI lets us raise the bar on reliability and extend our coverage across Europe faster, without ever compromising on control."

"Powens' Connector Agentic Factory represents a shift in how we think about Open Finance infrastructure," added Fabien Oliveira, Chief Product & Tech Officer at Powens. "It means our engineers spend less time on repetitive diagnostic work and more time on higher added-value activities such as improving the factory or the user and agent experience, which is exactly where we want their expertise focused."

The announcement comes days after Powens' Connector Agentic Factory was named Best Use of AI in Open Finance at the Open Banking Expo Awards, held on October 13th in London.

Current Availability and Roadmap

The system's repair capability can already be used on any Powens connector, while its connector-building capability currently focuses on investment and savings data sources, with plans to extend to additional connector types in the coming months. The direct-approval rate and the pace of that expansion will be the figures to watch as the approach scales across Powens' connector catalog.

For Powens, the launch also serves as a proof point: an early, concrete example of how AI can be applied safely within regulated financial infrastructure — an approach the company expects to extend to other parts of its platform over time.

Source: Globalfintechseries