Delegation of Authority (DoA) has been introduced by Weavr, a new feature aimed at SaaS embedders to act on behalf of their customers securely and in compliance with regulations.
SaaS platforms that handle financial processes for clients often struggle to maintain both automation and adherence to regulatory standards. Traditional methods require every financial activity to be initiated and verified directly by the customer, which can hinder efficiency. DoA addresses this issue through a PSD2-compliant framework, enabling customers to grant specific permissions, allowing embedders to automate these actions while maintaining safety.
Enabling secure automation of financial tasks
Weavr’s new feature allows SaaS embedders to operate with the formal authority from their clients, eliminating the need for individual arrangements. The solution supports Strong Customer Authentication (SCA) compliance, enhancing security and traceability, and facilitating the automation of low-risk, routine financial activities such as card issuance, spend limit adjustments, or user deactivation.
ThanksBen, an intelligent benefits platform, was one of the early adopters of Weavr’s DoA. By leveraging this technology, ThanksBen could provide a seamless and secure operational experience within predefined consent parameters, thereby optimizing its service offerings while maintaining compliance and audibility.
Weavr emphasizes that DoA aligns with their mission to tailor solutions to meet customer needs rather than forcing embedders into rigid financial system constraints. This approach ensures a secure and flexible method for delegating operations and streamlining workflow automation in the embedded finance domain.
Looking ahead, Weavr plans to extend this solution beyond HR Tech to other sectors where automated consent-based operations are essential for growth. The launch of DoA aims to offer greater flexibility, supporting customers in automating processes while retaining control. This aligns with Weavr’s vision that embedded finance can adapt to individual customer goals, ensuring secure and compliant developments.
