Prashant P.’s Post

Open banking in the context of fast / instant / real-time payments. Both open banking and fast payments are designed to cater to increased consumer demand for instant and secure financial transactions. Leveraging fast payments in the context of open banking and vice versa can enhance the benefits of each by streamlining user experience, fostering interoperability, and minimizing the operational complexity required for data sharing between institutions. The synergies that arise in doing so can make it easier to achieve such policy goals as fast payment adoption, financial inclu- sion, and digitalization. These benefits are described in detail below. Biju Suresh Babu Mahmoud AbuEbeid Abeneazer Lakew Saleem Ahmed Praveen Sekar #payments #instantpayments #banking #iso20022 #openbanking

Are you ready to revolutionise your payment processes? Unlock the power of Open Banking payments with our brand new guide! Open banking has emerged as a game-changer in the financial industry, and this comprehensive guide covers the basics of Open Banking payments, discusses key considerations such as regulations and security, provides practical insights for implementation, and offers a glimpse into the future of this technology. 🔗 Access the guide here: https://ow.ly/bYy050Reaxv Don't miss out on this opportunity to stay ahead of the curve and unlock new possibilities for your business. Embrace the power of open banking payments and revolutionise the way you handle transactions. #OpenBankingPayments #DigitalPayments #FinanceInnovation #PaymentsRevolution #AccessPaySuite

Are you ready to revolutionise your payment processes? Unlock the power of Open Banking payments with our brand new guide! Open banking has emerged as a game-changer in the financial industry, and this comprehensive guide covers the basics of Open Banking payments, discusses key considerations such as regulations and security, provides practical insights for implementation, and offers a glimpse into the future of this technology. 🔗 Access the guide here: https://ow.ly/Pz2150RgmsF Don't miss out on this opportunity to stay ahead of the curve and unlock new possibilities for your business. Embrace the power of open banking payments and revolutionise the way you handle transactions. #OpenBankingPayments #DigitalPayments #FinanceInnovation #PaymentsRevolution #AccessPaySuite

Are you ready to revolutionise your payment processes? Unlock the power of Open Banking payments with our brand new guide! Open banking has emerged as a game-changer in the financial industry, and this comprehensive guide covers the basics of Open Banking payments, discusses key considerations such as regulations and security, provides practical insights for implementation, and offers a glimpse into the future of this technology. 🔗 Access the guide here: https://ow.ly/OwjE50R7lv8 Don't miss out on this opportunity to stay ahead of the curve and unlock new possibilities for your business. Embrace the power of open banking payments and revolutionise the way you handle transactions. #OpenBankingPayments #DigitalPayments #FinanceInnovation #PaymentsRevolution #AccessPaySuite

Are you ready to revolutionise your payment processes? Unlock the power of Open Banking payments with our brand new guide! Open banking has emerged as a game-changer in the financial industry, and this comprehensive guide covers the basics of Open Banking payments, discusses key considerations such as regulations and security, provides practical insights for implementation, and offers a glimpse into the future of this technology. 🔗 Access the guide here: https://ow.ly/5CW250RscqU Don't miss out on this opportunity to stay ahead of the curve and unlock new possibilities for your business. Embrace the power of open banking payments and revolutionise the way you handle transactions. #OpenBankingPayments #DigitalPayments #FinanceInnovation #PaymentsRevolution #AccessPaySuite

🏦 With global regulatory bodies now mandating open banking initiatives, advances in technology making implementation more feasible, and a growing demand for consumers to take control of their financial data, now is the time for businesses in the payments sector to embrace and adapt to open banking, and take advantage of its benefits, including: ✅ Improves customer experience through greater control over personal information and enhancing portability and flexibility ✅ Creates new revenue streams for innovative business models through opening doors to untapped financial opportunities ✅Widens access to a broader array of financial products and banking services, thereby promoting financial inclusion 👉 How can your business leverage similar benefits? Get your copy of our Open Banking Outlook report to find out: https://lnkd.in/gJdtTUxK #openbanking #openfinance #paymentstrends

The strong wave of instant payments at first was not facilitated by large-scale banking players. Now we’re beginning to see core banking service providers treat instant payments as a key strategy. Are we about to see instant payments reach a new level of sophistication? By virtue of the resources and influence core banking service providers have had and still have, I believe so. #Banking #InstantPayments #Payments

Are you ready to revolutionise your payment processes? Unlock the power of Open Banking payments with our brand new guide! Open banking has emerged as a game-changer in the financial industry, and this comprehensive guide covers the basics of Open Banking payments, discusses key considerations such as regulations and security, provides practical insights for implementation, and offers a glimpse into the future of this technology. 🔗 Access the guide here: https://ow.ly/50wa50Rscoy Don't miss out on this opportunity to stay ahead of the curve and unlock new possibilities for your business. Embrace the power of open banking payments and revolutionise the way you handle transactions. #OpenBankingPayments #DigitalPayments #FinanceInnovation #PaymentsRevolution #AccessPaySuite

“Open banking is no longer a buzzword, but a global movement reshaping the financial industry.” Our Head of Payments Compliance, John Gidla recently commented on our recent Open Banking Outlook report, which unlocks insights on regulatory trends in open banking by region, challenges to open banking development, where open banking is heading next, and more. You can download a free copy of the report here: https://lnkd.in/eSeemx6s 🗞️ Read the full article on Payment Expert: https://lnkd.in/eT9zSdAz #openbanking #paymentstrends #paymentsindustry #openfinanance

Moneyhub Research Highlights Financial Firms' Digital Failures, Urging Adoption of Open Banking. Moneyhub's research reveals that financial services firms are falling short in meeting customer demands for better digital access, personalised advice, and flexible account management, with many consumers believing open banking could enhance service quality and product offerings. Read More https://lnkd.in/eTacCV6J