Podcast: Open Banking for SME’s

The open banking hype has mainly focused on the consumer marketplace. However SME’s can also hugely benefit. Accounts and transactions can be consolidated improving cash flow management. Payments can be made at a far lower cost and far faster as well as cool stuff including “pay me” buttons in invoices to speed up receivables.

Matt Cockayne speaks to London FinTech Podcast about the SME open banking marketplace. He takes us through everything from how open banking works, the regulatory landscape, screen scraping being outlawed and how a business can connect and benefit from using open banking.

the industry is moving towards Open Finance, a superset of Open Banking


Insights

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Industry

Yapily

17th October 2024

4 min read

Open banking is empowering SMEs to grow faster and smarter

All SMEs want to enhance their offering and cut their costs. By offering them open banking, they can do both simultaneously, while also improving their cash flow

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Industry

Yapily

26th September 2024

4 min read

New APP Fraud Rules: What They Mean for Open Banking

As we approach October 7 2024, the UK is set to implement new Authorised Push Payment (APP) fraud rules. These regulations aim to combat a growing form of financial crime and introduce significant changes to how liability is shared between banks and customers. Let’s break down what this means for our industry and our customers.

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Industry

Yapily

6th September 2023

10 min read

Open Banking and User Experience

Have you ever deleted an app because it was too difficult to use?


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