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.
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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!
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Open Banking allows for the transparent, secure and consent-based sharing of banking data. And nowhere are the benefits of Open Banking more apparent than in the next generation of rewards programmes. Sofiia Mamedova dives into the topic of rewards and loyalty programs. What are the challenges for businesses and consumers and crucially how can Open Banking help to create powerful loyalty programmes with significant benefits? Want to get started today? Click the link to book a meeting: https://lnkd.in/decDZT9Z
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Do you know about the Goal Planner feature in online banking? When you log into your account, go to "Tools," then select "Goals." Once you're in this feature, you can set up as many financial goals as you wish, indicating which accounts will be used, what the purpose of the goal is, and what the total monthly contribution will be. Once you hit save, you can see an estimate of how long it will take to reach your goals! Visit https://ow.ly/MzsC30szzNi to set up your online banking account today.
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What does the open banking journey look like for the customer? While open banking may seem complicated by description, from the customer’s side it's actually incredibly seamless. Pay by bank is now considered one of the most secure, convenient and fastest ways to pay. Let's walk through what this looks like:
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Banno Digital Banking is a flexible tool with many options that credit unions can add as needed to meet their needs. Banno Business is a digital banking interface designed for small-to-medium-sized businesses, though it can be scaled for businesses of all sizes. Banno Spanish is a feature that gives credit unions the ability to provide members with a digital banking experience in Spanish. Banno Video Chat and Screen Sharing are features that give credit unions the ability to connect with members online face-to-face or share their screens to walk through processes step-by-step. https://hubs.la/Q02zmqrl0
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Chief Executive Officer | Restructure | Growth and Scale-up | Go-to-market Strategy | Business development | FinTech Advisor | Global leadership | Defining business | Technology | Speaker |
There are numerous topics shaking the banking world. Share your thoughts and perspectives on Open Banking, Verification of Payee, and Instant Payments, among others. Looking forward to connecting at the event in Lisbon!
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📢 Important Update: How Will This Impact You? 🤔 We understand you might have questions about how our upcoming upgrade will affect you, and we're here to provide clarity! Here's what you need to know: 🔹 Pre-Registration for Online Banking: Before the upgrade weekend, you'll have the chance to pre-register for online banking. Look out for instructions on how to do this, coming your way soon! 🔹 Branch Closure: Please note that all branches will be closed on Saturday, July 20th, as we carry out the system upgrade. 🔹 Service Interruptions: Starting at noon on Friday, July 19th, online banking, mobile banking, and telephone banking will be temporarily unavailable. Don't worry! These services will be back online around noon on Monday, July 22nd. 🔹 No Interruptions to Bill Pay and Auto-Transfers: We're pleased to inform you that we do not anticipate any interruptions to Bill Pay payments or auto-transfers due to the upgrade. Got more questions? Feel free to reach out! We're here to ensure a smooth transition and are committed to providing you with the best banking experience possible. 💼💳 #UpgradeImpact #BankingUpgrade #SmoothTransition #HometownBank
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Open Banking is to financial products and services, as online banking was in it's time. Personalised financial insights are the start. The financial revolution for the masses is on its way.
Open banking users are expected to exceed 100 million this year. In a recent interview with The Banker, our very own Executive Vice President for open banking Bart Willaert explains how open banking use cases will continue to increase and drive industry adoption: “With established #security and #trust in open banking, use cases can follow, says Willaert. With more regulation on the horizon, the expansion of use cases is critical to open banking’s growth, he adds: “The UK has had a successful take-up of consumers using open banking to pay off credit cards, pay bills, or to top up accounts. These are the types of use cases that we see as scaling and becoming ingrained in open banking.” #MastercardOpenBanking Read the full article below 👇
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There’s a lot going on in the world of open banking! We’ve prepared this snapshot of the main workstreams and the upcoming key dates.
The door to open banking has opened and significant milestones in five key workstreams are approaching in the coming months. This snapshot sets out the key dates to look out for across each workstream. For more information, see our recent publication The banking industry: a look ahead. (https://lnkd.in/gGRuMDV8) If you would like assistance on these open banking workstreams, get in touch with one of our experts Bradley Kidd, Luke Ford, Lucy Cooper, Emma Peart, Charlotte Montgomerie, Laura Green or Emma Dale. View on our website: https://lnkd.in/g3dAY59T
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Open Banking for Canada is nearly upon us.
The time to act is now. With anticipation that the upcoming Federal Budget will continue to progress the implementation of Open Banking, it’s evident that market momentum is increasing for consumer-driven banking. Don’t be caught behind - Symcor’s COR.CONNECT can help accelerate your Open Banking readiness. Explore the capabilities of COR.CONNECT, Canada’s Trusted Data Network, at https://lnkd.in/ggi7w5wG #OpenBankingCanada
Open Banking Solutions | Symcor
symcor.ca
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