Aaron Meffert’s Post

Read our guide to open banking below to learn about how open banking works, the benefits of it, how different countries are regulating the new systems, and how open banking allows for more convenient real time payments. 🏦 #PaymentProcessing #Fintech #PaymentOptimization #BillingPlatform #SubscriptionManagement #RecurringBillingSoftware #CustomerChurn #Subscription #SubscriptionNews #Ecommerce #SubscriptionCommerce

What are the strengths, weaknesses, and concerns around open banking? Open banking, like fintech, bridges the gap between technology promise and commercial reality, focusing on financial institutions’ approaches to open banking and generating sustainable profit margins. Omdia's Analytics Tracker reveals open banking as the third most popular core banking deal between 2021 and 2023, highlighting the growing importance of system upgrades in deploying services like open banking. Open banking offers innovative payment options, but adoption has been slower due to inconsistent user experience and `un-incentived’ behavior change, requiring urgent investment for improvement in customer experience. https://okt.to/qLbx0Z

What are the strengths, weaknesses, and concerns around open banking? Omdia's report shows smaller banks dominate activity in core banking software deals, with legacy and leading institutions making fewer capital commitments. Smaller banks may perceive open banking as a viable path for rapid growth in a time when traditional capital-intensive strategies are no longer feasible. Open banking has evolved alongside modern infrastructure, with fintech companies offering a bouquet of banking services. Some are concentrating on catering to specific market niches. The focus should be on increasing consumer awareness, enhancing consistency of experiences and conversion rates. #openbanking #futureofbanking #bankingtransformation https://okt.to/I6tEf8

What are the strengths, weaknesses, and concerns around open banking? Open banking, like fintech, bridges the gap between technology promise and commercial reality, focusing on financial institutions’ approaches to open banking and generating sustainable profit margins. Omdia's Analytics Tracker reveals open banking as the third most popular core banking deal between 2021 and 2023, highlighting the growing importance of system upgrades in deploying services like open banking. Open banking offers innovative payment options, but adoption has been slower due to inconsistent user experience and `un-incentived’ behavior change, requiring urgent investment for improvement in customer experience. Read more at 👇 https://okt.to/MA6yga #OpenBanking #bankingtechnology #Banking #Digital #technology #Fintech

Open banking is revolutionising the way we make payments and access financial services! With the rise of pay-by-bank transactions and innovative data products, customers are enjoying a seamless and secure experience like never before. The future of open banking looks bright with increased adoption and potential for greater financial inclusivity. Learn more: https://bit.ly/3KybqaZ #OpenBanking #Banking #FinancialServices

Banks Rely on Specialized Vendors for Mobile Banking – It’s Time to Do the Same for AI Self Service When banks choose specialized vendors for Online Mobile Banking, why settle for generic AI for self-service? Read and share this blog to see why a purpose-built AI solution from a specialized vendor is key for banks and credit unions. https://lnkd.in/grSNyxun

Open Banking APIs are transforming cross-border payments, making them as easy as sending a message online. This innovation promises quicker transactions, reduced costs, and enhanced customer satisfaction, setting the stage for a more competitive banking future. #iworkforComcast #OpenBanking #Finance #APIs https://lnkd.in/g87P2E4E

BR-DGE Partners with Trustly to Enhance Open Banking Connectivity Commenting on the partnership, Tom Voaden, Head of Partnerships at BR-DGE, said: “We’re focused on building the technology, connections and relationships that deliver measurable value for the whole payment ecosystem. Our partnership with Trustly is another example of exactly this, empowering merchants and payment providers to easily leverage best-in-class solutions – in this case, open banking technology – to deliver enhanced customer experiences and drive profitability.” https://lnkd.in/ejEbgdsj Olof Wirfelt #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

How Are Open Banking APIs Levelling the Playing Field for Traditional Banks? Open Banking APIs allow traditional banks to level the playing field against fintechs by enabling seamless data sharing and collaboration. With these APIs, banks can integrate third-party services, offer personalized financial products, and enhance customer engagement. They also facilitate the development of new services, like budgeting apps and investment platforms, boosting banks' operational efficiency. While security and compliance are challenges, embracing Open Banking helps banks innovate, attract customers, and explore new revenue opportunities. #OpenBanking #BankingTransformation #futureofbanking https://okt.to/v6p49t

Do you understand your customers and prospects preferences when it comes to utilizing mobile vs. web banking? Rivel Banking Research's, Corey Wrinn, shares with The Financial Brand how to prioritize and create a seamless and user friendly experience. https://lnkd.in/evEdpA8x #rivelbankingresearch #thefinancialbrand #mobilebanking