How to start earning new commission revenue for your bank using Alvin’s Lifestyle Services API

All Alvin Enterprise products are designed to help African banks, fintechs and asset managers maximize their retail revenue return using their respective consumer mobile applications.

We achieve this via three angles:

• app plugins that enable firms to unlock revenue-sharing opportunities in their apps (namely in the form of embedding end-to-end transactional services such as flight booking as actions available in their app);
• money management plugins that support a bank’s customers to balance their daily spending with their savings schedules or debt repayment obligations; and
• app plugins that cultivate more creditworthy customers banks and fintechs can lend to and that asset managers can expect consistently higher AUM yield with retail customers withdrawing prematurely from their savings more infrequently.

We recently announced the arrival of our first Alvin widget designed to help Alvin Enterprise customers introduce a new revenue stream to their bottom line, called Alvin Lifestyle Services. We’ve gotten some questions from neobanks, incumbent banks and a couple asset managers regarding how Alvin Lifestyle Services could help them better hit their retail revenue goals while reducing costs, so we thought to share this piece to share some color.

Alvin Lifestyle Services is a suite of embedded services that retail customers of a bank, fintech or asset manager can access in their respective app. Retail customers can then use their bank accounts or wallets at that firm (or link bank accounts from elsewhere) to purchase these in-app services.

All Alvin Lifestyle Services plugins are provided via a single API for Alvin Enterprise customers such that, upon one core integration to Alvin, the Enterprise customer is able to embed flight booking, groceries ordering, e-commerce discovery (and purchase), hotel booking and bus ticket purchasing into their app and start earning 0.5% — 2% commission kickbacks on all transactions their customers process through these channels per month.

Embedding transactional services into your app is also designed to enable your customers to conduct more daily activities via your platform, thereby driving app engagement and therefore loyalty.

How to get started

The Alvin API makes integration quick, simple and secure. If you start the process now, you can go live with Alvin Lifestyle Services: Flights before the 2024 summer travel booking season and start earning commission revenue on flights purchased in your app! Hotel booking, e-commerce and groceries are also included in Alvin’s Lifestyle Services API suite.

Drop us a line at hello@alvin.finance to start the conversation. We look forward to helping you layer in a lucrative new revenue stream to your retail bottom line at stable predictable costs.