Finexer Open Banking Blogs

  • Faster B2B Payments in 2024 with Open Banking APIs

    Faster B2B Payments in 2024 with Open Banking APIs

    Open Banking APIs are application programming interfaces that allow third-party providers to securely access financial data and services from banks with customer consent What You Will Discover: Introduction Are you frustrated by slow payment processing times or drowning in manual reconciliation tasks and high transaction fees? In today’s fast-paced, digital-first world, relying on outdated B2B…

  • PayByBank: Guide to Hassle-Free Payments in 2024

    PayByBank: Guide to Hassle-Free Payments in 2024

    PayByBank is an account-to-account payment method that allows consumers to quickly transfer money directly between bank accounts, ensuring a seamless, secure, and cost-effective transaction experience. Introduction As we move further into 2024, the payments landscape is evolving rapidly, with new technologies and innovations transforming how we handle transactions. Among these, PayByBank is emerging as a…

  • A Guide to PSD2 and Open Banking

    A Guide to PSD2 and Open Banking

    PSD2 is a European regulation that mandates stronger security and allows third-party access to banking data, fostering innovation and competition in financial services What You Will Discover: Ever wondered why your online payments feel more secure and your banking options more varied lately? That’s no coincidence. The financial world has undergone a quiet revolution, thanks…

  • Bank Transfer Modes: CHAPS, BACS, SWIFT, and Faster Payments

    Bank Transfer Modes: CHAPS, BACS, SWIFT, and Faster Payments

    Bank transfer modes in the UK include CHAPS, BACS, SWIFT, and Faster Payments, each designed for different types of transactions. These methods vary in speed, cost, and purpose, offering tailored solutions for routine, high-value, and international transfers. What You Will Learn From This Blog 🗸 An overview of the four main types of UK bank…

  • Guide to GoCardless Pricing and Affordable Alternatives for Startups in 2025

    Guide to GoCardless Pricing and Affordable Alternatives for Startups in 2025

    Note: This article’s information about GoCardless’s pricing and services is based on research as of December 2024. What You Will Discover: The Digital Payment Landscape In today’s rapidly evolving financial sector, efficient payment processing has become fundamental to business operations, particularly for companies handling recurring transactions and international payments. As businesses increasingly shift towards digital…

  • Modulr Pricing Guide: Better Alternatives for UK Startups in 2025

    Modulr Pricing Guide: Better Alternatives for UK Startups in 2025

    Note: This article’s information about Modulr’s pricing and services is based on research as of December 2024. What You Will Discover: Introduction The financial services sector in the United Kingdom continues to undergo substantial changes in 2025. Once dominated by traditional banking methods, business payments now incorporate new technologies that prioritise speed, security, and cost…

  • Complete Guide to Tink Open Banking Pricing for UK Startups

    Complete Guide to Tink Open Banking Pricing for UK Startups

    Note: The information about Tink’s pricing and services in this article is based on research as of December 2024. What You Will Discover: For startups entering the financial technology sector, selecting the right open banking provider affects immediate costs and long-term success. Tink is one of the main open banking service providers in the UK…

  • Yapily Open Banking Pricing: A Comprehensive Guide for UK Startups

    Yapily Open Banking Pricing: A Comprehensive Guide for UK Startups

    Note: The information about Yapily’s pricing and services in this article is based on research as of December 2024. What You Will Discover: Understanding Today’s Open Banking Landscape The UK’s open banking sector has created new opportunities for businesses to build better financial services, making bank connections and payments more accessible than ever before. As…

  • Truelayer Pricing for Startups in the UK 2024

    Truelayer Pricing for Startups in the UK 2024

    Note: The information about TrueLayer’s pricing and services in this article is based on research as of December 2024. What You Will Discover: The UK’s open banking sector has significantly changed how businesses interact with financial data and payments. Open banking allows regulated providers to access customer bank accounts securely with customer permission, creating new…

  • Plaid Pricing for UK Startups 2024

    Plaid Pricing for UK Startups 2024

    What You Will Discover: Introduction In today’s financial technology sector, connecting banking data with applications forms the backbone of many modern financial services. Plaid, a prominent name in this space, primarily serves large enterprises and established fintech companies. Let’s examine their services, pricing, and market position in detail. Understanding Plaid’s Core Services Plaid’s service catalogue…

  • Most Affordable Open banking provider for Startups in UK

    Most Affordable Open banking provider for Startups in UK

    What You Will Discover: How Open Banking Helps UK Startups and Small Businesses The landscape of business banking is changing rapidly, particularly for small businesses and startups in the UK. According to the latest data from January 2024, one in five small businesses (18%) now actively use open banking services1. This adoption rate notably outpaces…

  • Best Open banking API for Accounting & ERP startups

    Best Open banking API for Accounting & ERP startups

    What You Will Discover: Introduction The accounting and ERP landscape is experiencing a fundamental shift through open banking integration. According to the Financial Conduct Authority’s 2023 report, businesses using open banking APIs have reduced their accounting reconciliation time by 72% on average. This transformation is particularly significant in the UK, where the Open Banking Implementation…

  • Top 3 Open banking platforms for fintech startups in the UK

    Top 3 Open banking platforms for fintech startups in the UK

    What You Will Discover: How Open Banking Powers Fintech Startups? The United Kingdom stands at the forefront of financial innovation. Open banking has fundamentally changed how financial technology companies operate and serve customers. According to the Competition and Markets Authority’s 2023 report, the UK has surpassed 7 million active open banking users, marking a significant…

  • Top Yapily competitor in the UK in 2024

    Top Yapily competitor in the UK in 2024

    The landscape of financial technology has undergone significant transformation with the advent of Open Banking solutions. As businesses navigate this evolving sector, two notable platforms have emerged as distinct solutions: Yapily and Finexer. This comprehensive analysis examines how these platforms serve different business needs and market requirements in 2024. The emergence of Open Banking has…

  • Open Banking Guide to Startups in the UK

    Open Banking Guide to Startups in the UK

    In This Guide Current State of UK Open Banking The UK open banking sector continues to grow, with London leading Europe’s fintech development and £8.2 billion in investments last year1. This growth opens new opportunities for startups ready to enter the market. Open banking implementation directly impacts startup success. Companies with effective open banking solutions…

  • The Best Payments API for startups in the UK

    The Best Payments API for startups in the UK

    What You Will Discover: Introduction The digital transformation wave has made payment processing a crucial cornerstone for UK startups, yet many founders navigate a complex landscape of payment infrastructure decisions. For startup leaders, choosing the right payment API isn’t just about processing transactions – it’s about laying a foundation that will support their business as…

  • Top 5 Open banking providers for Startups in the UK

    Top 5 Open banking providers for Startups in the UK

    In an ecosystem where 64% of UK startups fail to scale due to infrastructure limitations your choice of open banking provider isn’t just a technical decision—it’s a strategic imperative. The right provider accelerates your path to market; the wrong one becomes a costly barrier to growth. The UK’s open banking revolution has reached a critical…

  • Expert guide: Top 3 Open banking providers for UK’s Accounting & ERP Firms

    Expert guide: Top 3 Open banking providers for UK’s Accounting & ERP Firms

    What You Will Discover: Are your weekends consumed by manual reconciliation? Does your team spend countless hours downloading bank statements and matching transactions? Perhaps you’re watching competitors offer real-time financial insights while your firm struggles with data delays and manual processes. If you’re searching for a way to transform these challenges into opportunities, you’ve come…

  • Open Banking Use Cases: From Bookkeeping to Advisory

    Open Banking Use Cases: From Bookkeeping to Advisory

    What You Will Discover: Picture Sarah, a senior accountant at a growing firm in London. She spent hours downloading bank statements, matching transactions, and updating client records every Monday morning. Her team would dedicate weekends to reconciliation, often missing their children’s football matches. Today, Sarah enters her office, opens her laptop, and finds all weekend…

  • 5 Reasons to Adopt Open Banking KYC in the UK

    5 Reasons to Adopt Open Banking KYC in the UK

    What You Will Discover: In recent years, the United Kingdom has witnessed a significant shift in its Know Your Customer (KYC) landscape, driven by the rapid adoption of Open Banking technology. As regulatory compliance demands intensify, UK-based RegTech firms increasingly use innovative solutions to streamline and enhance their KYC processes. This article delves into the…

  • RegTech and Open Banking: A Winning Combination

    RegTech and Open Banking: A Winning Combination

    What You Will Discover: The financial services industry is undergoing a radical transformation driven by the advent of open banking and the rise of regulatory technology. As regulations become more complex and compliance costs soar, financial institutions turn to innovative solutions to streamline processes, reduce risks, and enhance the customer experience. What is RegTech? RegTech,…

  • 4 Ways Finexer Transforms Business Finance Management

    4 Ways Finexer Transforms Business Finance Management

    Picture this: Your finance team spending countless hours juggling spreadsheets, manually entering data, and chasing down expense reports. Sounds familiar? You’re not alone. Many businesses are stuck in this loop, but here’s the good news – there’s a better way. In today’s rapidly evolving business landscape, the traditional approach to managing finances is undergoing a…

  • A Practical Guide to Enhancing Financial Advisory Services

    A Practical Guide to Enhancing Financial Advisory Services

    What You Will Discover: Introduction In today’s fast-paced financial landscape, clients expect their financial advisors to provide them with up-to-date, accurate, and insightful advice. However, many financial advisory firms still rely on outdated data collection and analysis methods, which can lead to delayed insights, limited time for meaningful client conversations, and difficulty scaling services without…

  • How to Master Business Financial Management in 10 Steps

    How to Master Business Financial Management in 10 Steps

    What You Will Discover: Understanding business financial management is key to any organisation’s growth and survival. Financial missteps cause serious problems. Knowing how to manage finances is important. This post presents ten essential steps to navigate finance effectively. From setting financial goals to embracing technology, this guide gives you the tools to enhance your financial…

  • Accurate Cash Flow Forecasting for Businesses in the UK

    Accurate Cash Flow Forecasting for Businesses in the UK

    What You Will Discover: In today’s fast-paced business environment, traditional methods of cash flow forecasting often present significant challenges. Finance teams typically spend hours consolidating data from multiple banking platforms, leading to delayed insights and reduced accuracy in financial planning. In fact, a recent survey revealed that a staggering 70% of financial leaders report spending…

  • Efficient Auditing with Open Banking Integration

    Efficient Auditing with Open Banking Integration

    What You Will Discover: According to a recent study by Accenture, open banking is expected to revolutionise the auditing industry, with 84% of banks planning to invest in API-driven solutions by 2025. As the auditing landscape evolves, the integration of open banking and modern APIs is emerging as a game-changer, transforming how auditors work and…

  • Guide to Open Banking Data Aggregation for Accounting Firms

    Guide to Open Banking Data Aggregation for Accounting Firms

    What You Will Discover: Introduction Did you know that open banking data aggregation can significantly reduce the time spent on manual data entry for accounting firms? According to a study by Forrester Research, automated data collection through open banking APIs can save businesses up to 2 hours per day on manual data entry tasks. This…

  • Automated Bookkeeping with Open Banking APIs

    Automated Bookkeeping with Open Banking APIs

    What You Will Discover: Introduction Did you know that manual bookkeeping can consume up to 20 hours per week for accounting teams? That’s a staggering 1,040 hours per year spent on tedious tasks like data entry and reconciliation. In today’s fast-paced business world, this inefficiency can significantly hinder growth and success. However, there is a…

  • From 3 Hours to 3 Minutes: Transforming Payment Processing for Accounting Firms

    From 3 Hours to 3 Minutes: Transforming Payment Processing for Accounting Firms

    What You Will Discover: The reality of modern accounting practices reveals a significant challenge: UK accounting firms spend an average of 2.5 hours daily on payment processing tasks. This translates to 650 hours annually spent on processes that modern open banking APIs can handle in minutes. As technology budgets tighten and talent costs increase, forward-thinking…

  • Supercharge Your Payment Collections with Accounts Receivable Automation

    Supercharge Your Payment Collections with Accounts Receivable Automation

    What You Will Discover: Introduction: In today’s fast-paced business landscape, efficient cash flow management is the lifeline of any thriving organisation. However, many UK businesses find themselves tangled in a web of manual accounts receivable (AR) processes that drain resources, hinder productivity, and stunt growth. This blog post unveils the transformative power of AR automation…

  • Manual Reconciliation vs Automation: Save Upto 60+ Hours Monthly

    Manual Reconciliation vs Automation: Save Upto 60+ Hours Monthly

    What You Will Discover: It’s 2 PM on a Sunday. Sarah, the Financial Controller at a growing tech firm in Manchester, is surrounded by Excel sheets, reconciling hundreds of transactions. This isn’t how she imagined spending her weekends when she took the role. Sound familiar? For countless mid-sized firms across the UK, weekend reconciliation has…

  • Payment Processing Fees: How Accounting Firms Can Save Upto 90%

    Payment Processing Fees: How Accounting Firms Can Save Upto 90%

    What You Will Discover: A comprehensive payment processing fees comparison for accounting firms reveals that practices are losing thousands of pounds annually to unnecessary transaction costs. With Finexer’s Open Banking API, forward-thinking firms are cutting these costs by up to 90%. Picture this: It’s January, and your accounting practice is processing hundreds of tax season…

  • Small Accounting Firms’ Guide to Instant Payments Collection

    Small Accounting Firms’ Guide to Instant Payments Collection

    What You Will Discover: In the quiet hours after closing another client’s books, many small accounting firm owners face an ironic reality: while they excel at managing their clients’ finances, their cash flow remains trapped in a delayed payment cycle. Recent research from Accounting Today’s Practice Management Report reveals that small accounting firms wait an…

  • Get Paid Faster: Connect Xero with Finexer Payment Solutions

    Get Paid Faster: Connect Xero with Finexer Payment Solutions

    What You Will Discover: In today’s fast-paced business world, efficiency and automation are key to success. For accounting professionals, streamlining financial processes and reducing manual tasks can lead to significant time and cost savings. This is where the integration of Xero, a powerful cloud-based accounting software, with Finexer’s Open banking payment solution, comes into play.…