Podcast: Open Banking for SME’s
Written by Team Yapily · December 16th, 2019
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