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

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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Industry

Deepa Bhat

6th July 2023

6 min read

Open Banking Customer Experience

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?

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Industry

Nicole Green, VP Product Strategy and Operations

28th June 2023

8 min read

Consumer confidence and experience are set to power the future of open banking says PSD3 directive

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?


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