Enable Banking’s Post

Right then, simple... The challenge/s of Open Banking….. The challenge: Many organisations acknowledge the value of Open Banking payments, but face challenges in prioritising the integration effort due to limited resources and other crucial roadmap items. The challenge: Not enough people understand what Open Banking actually means so are more likely to select a payment method they trust The challenge: Not enough incentives are there for consumers e.g. loyalty points The challenge: People feel they are not getting the same chargeback opportunities by using PBB. What else? And don't worry OB fans, next week we will address these!

Open banking is revolutionizing loyalty programs, turning points into personalized, data-driven experiences. Consumers are getting faster and more personalised rewards. And businesses are seeing higher and higher levels of engagement. When a customer connects their bank account through Open Banking, you get: ✨ Their full legal name for fast identity checks. Duplicate signups? No thank you. ✨ Real-time transaction monitoring for immediate (and we mean immediate) rewards. ✨ Access to historical data, creating HUGE potential for personalisation. Want to know how Open Banking can help you build powerful loyalty and rewards programmes? Learn more here: https://lnkd.in/efKK_hxE Fadi Pola #OpenBanking #OpenFinance #EnableBanking #LoyaltyProgram

OBL data shows that 14.5 m Open Banking payments were made in the UK in January 2024, marking an impressive 69% year-on-year growth 📊. While more businesses are showing interest in offering a 'Pay by Bank' option at the digital point of sale 🛍️ Could this be the moment when Open Banking finally makes its way into the mainstream in the UK? 🎙️ Rob Moffat shared his view and discussed the remaining hurdles to broader Open Banking adoption in the latest edition of Payments Unfiltered. 👉 What's your take on this? Share your thoughts in the comments below! 🎧 And make sure to catch up on the conversation between Rob and Theo Spyrides.

Are you considering open banking in your payments strategy but unsure where to start? In our next webinar, I will be running through some examples of how you can utilise GoCardless' open banking offering to collect payments quickly and easily from your customers. Coral Kratenstein and Sean McHutchison will be sharing some real world examples of merchants using open banking with us today. Watch the webinar to learn more: https://lnkd.in/g-Dkh8Dy Looking forward to seeing you there!

One of the reasons I joined ClearBank was the focus on our clients. It is great to see the research from Forrester that shows ClearBank Embedded Banking generates £9.7m in new profits, boosts customer retention and delivered a 10% reduction in customer queries.  Read the full report to find out more about the business benefits we deliver. 🚀  https://bit.ly/4eTmoWy 

💡 BB Merchant Services and Ordo team up to explore the power of Open Banking! 🏦💳 Open banking is transforming how businesses manage payments, delivering significant savings and improving operational efficiency. Experts James Yerkess (BB Merchant Services) and Fliss Berridge (Ordo) share insights on how businesses can unlock up to 80% savings by leveraging these solutions. In this article, you’ll learn how to: 📌 Reduce transaction fees 📌 Streamline financial processes 📌 Explore real case studies demonstrating the benefits Discover how open banking can enhance payment acceptance, boost customer satisfaction, and drive innovation. Don’t miss out, read the carousel below! 👇👇 #Ordo #MerchantServices #Payments #OpenBanking #Strategy #Innovation

Is your online account opening process still stuck with clunky forms and endless waits? Did you know that Banks with smooth online account opening processes see a 40% boost in conversion rates? Newgen’s Online Account Opening redefines the entire customer onboarding journey by offering seamless experiences across channels. Grab the whitepaper for expert insights here: https://lnkd.in/ggd6Mhrp #Newgen #OnlineAccountOpening #DigitalAccountOpening #CustomerOnboarding #Banking

Is your online account opening process still stuck with clunky forms and endless waits? Did you know that Banks with smooth online account opening processes see a 40% boost in conversion rates? Newgen’s Online Account Opening redefines the entire customer onboarding journey by offering seamless experiences across channels. Grab the whitepaper for expert insights here: https://lnkd.in/ggd6Mhrp #Newgen #OnlineAccountOpening #DigitalAccountOpening #CustomerOnboarding #Banking

Using Pega’s Customer Decision Hub, NAB is analyzing all customer data to push personalized services through all channels. ⭐ Learn more about how National Australia Bank is making digital banking more human in this diginomica article: https://pe.ga/4dircTd

A insightful panel discussion on driving merchant adoption of open banking! Our esteemed moderator, ✯ Helen Child ✯ Child, with experts Heather Xiao, David Cox, Mike Elliff, Ian Morrin, and Stephen Winyard, deep dive into topics such as the dispute process in open banking and how to balance responsibility, optimizing open banking to increase acceptance rates and reduce costs for merchants, and what a successful implementation looks like at a merchant level. #PAY360