Tip 1 - Use Open Banking to reduce steps in your journey
Bud's blog and key insights
Digital Transformation (3):
Covid has accelerated the adoption of Open Banking services with OBIE reporting the doubling of users in just 6 months to 2 million people.
Fraud Prevention This is probably the most straightforward case for deploying Open Banking tech in the BNPL sector. Account takeover fraud, where a fraudster gains access to a...
It’s been more than 6 months since HM Treasury confidently announced that Buy Now Pay Later (BNPL) products would move to become regulated by the FCA. In that time we’ve seen...
In 2019, Ofgem imposed a price cap on energy prices in a bid to help people manage the increasing cost of heating and powering their homes. This gets reviewed twice a year and has...
The events of the last year have changed so many things about our society that the picture for the rest of this year is far from clear. One thing that is clear however is this....
The FCA released a consultation paper in January this year that proposed raising the contactless limit from £45 to £100 per transaction and from £120 to £200 per day cumulatively,...
What is a standing order? A standing order is an instruction from a user to their bank to make a recurring payment of a fixed amount to a given bank account. The end effect is...
Our new Merchant ID service adds the ability to return the merchant name, logo and even added company information to a given transaction, to power insights that drive further...
Affordability and fact-finding checks are an obvious early use case for Open Banking. The lenders we spoke to consistently reported higher drop off rates wherever processes...
It’s been clear for some time now that Open Banking's impact will only really start to be felt when it delivers value to customers and helps institutions bring product to market....
Earlier this year, we surveyed 2000 people on their openness to a series of 21 use cases - enabled by Open Banking - that look likely to emerge over the coming months.
As we start to acclimatise to life under lockdown, institutions are beginning to articulate the role they can play in the recovery. In particular, savings and investment providers...