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Banks, businesses, consumers, and regulators in the EU want the benefit of frictionless cross-border payments. In practice, this can still be a challenge, even for payments made between euro accounts using SEPA to make a transfer.
Discover how lenders can use income verification tools to streamline applications, reduce drop-offs, and improve risk management with real-time open banking data.
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.
Better, faster data leads to better, faster lending. A simple yet unquestionably true equation when it comes to offering loans to SMEs.
Have you ever deleted an app because it was too difficult to use?
Most of us know the term customer experience.
But how many can accurately define it? And how is it different to customer satisfaction and user experience?
Exciting times are upon us for open banking in the EU. With the announcement of the revised Payments Services Directive (PSD3) and Financial Data Access (FIDA) legislative packages we now have concrete proposals for how open banking will move forward and evolve towards open finance. So, what’s in these proposals - and how will it impact the industry?
Open banking is a powerful tool for fulfilling the unmet needs of customers… and retaining them long-term. Here’s how.
Despite being around for over five years, open banking is still a relatively unfamiliar concept. In fact, the majority of consumers haven’t even heard of it. But many of us already use products and services powered by open banking… we just don’t realise it.
Open banking is gaining momentum, yet many enterprises still don’t know how they can benefit from it. Here, we’ve compiled 9 use cases that every large company should know about.