Category: Open Banking
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Better Cash Flow Management with Open Banking
What You Will Discover Introduction In the fast-paced business world, effective cash flow management is not just a nice-to-have – it’s an absolute necessity. Cash flow is the lifeblood of any organisation, ensuring that you have the financial resources to meet your obligations, seize opportunities, and grow your business. Yet, for many companies, managing cash…
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Finexer: Your Trusted Partner for Secure Open Banking Solutions
What You Will Discover Introduction Open banking has transformed the financial landscape, enabling third-party providers to access consumer banking data securely. However, with the increased sharing of sensitive information comes the responsibility to ensure robust security measures are in place. Finexer, as a leader in open banking, is committed to protecting your financial data while…
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Card Payments vs Pay By Bank API
What You Will Discover In today’s digital-first business landscape, enterprises seek more efficient payment solutions to streamline their operations. The emergence of pay by bank API technology is revolutionising how businesses handle transactions. This innovative solution represents more than just a change in payment methods—it’s a fundamental transformation in how businesses approach financial efficiency and…
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How SMBs Are Transforming Their Payment Systems
What You Will Discover According to UK Finance, open banking payments grew by an astounding 1,019% in 2023, with over 11 million payments processed through this revolutionary system (source). For UK SMBs grappling with payment inefficiencies, this surge signals a transformative shift in how businesses handle transactions. In a landscape where digital transformation is no…
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60% Higher Approval Rates: Open Banking Credit Assessment
Open Banking Credit Assessment is a revolutionary approach to evaluating the creditworthiness of small and medium-sized enterprises (SMEs) by leveraging real-time financial data shared through secure Open Banking protocols What You Will Discover Small and medium-sized enterprises (SMEs) are the lifeblood of the UK economy, accounting for over 99% of all businesses and 60% of…
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The Truth About Open Banking Security
Table of Contents Open banking security: Open banking allows third-party financial service providers to access consumer banking and financial data through the use of secure APIs Nowadays, there’s an app for everything – budgeting, investing, even paying your bills. And many of these apps work by securely connecting to your bank account through something called…
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Effortless Merchant Services for Small Businesses
Lets Understand Merchant Services for Small Businesses: Merchant services are financial solutions that enable businesses to accept and process payments from customers, including credit and debit cards, mobile payments, and online bank transfers What You Will Discover Setting up merchant services is crucial for small businesses aiming to streamline transactions and provide flexible, secure payment…
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Top 5 Examples of Open Banking Applications
What You Will Discover What is Open Banking API? Open banking is a groundbreaking development that’s reshaping financial services. Imagine if your bank could securely share your financial data with other financial service providers—like budgeting apps or even other banks—with your permission. This system of data-sharing, known as open banking, is made possible through what…
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A Guide to Secure Payment Services for Small to Medium Businesses in 2025
Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now What You Will Discover Introduction As digital transactions become more widespread, ensuring secure payment services in the UK is crucial for small and medium-sized enterprises (SMEs). Customers expect financial transactions to be safe, and businesses must implement…
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The Complete Guide to Open Banking Payment
Open Banking Payment: A secure way to make direct bank-to-bank transfers, letting people and businesses pay quickly and easily without the need for middlemen. What you will Discover: Introduction The financial world is undergoing a rapid transformation, and traditional payment methods are becoming outdated. Enter Open Banking payment—a transformative solution that’s reshaping how consumers and…
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The Essential Guide to Open Banking Benefits
Open Banking benefits are redefining financial services, making them more accessible, transparent, and efficient for everyone—from consumers and businesses to banks. What you will Discover: Introduction Have you wondered how financial technology is making life easier, faster, and more efficient for everyone involved? From personalised financial insights for consumers to streamlined business processes, the benefits…
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Guide: Open Banking and Open Finance
Open Finance is an extension of Open Banking that allows businesses and consumers to access and share not just banking data but a broader range of financial information, such as investments, pensions, mortgages, and insurance. What you will Discover: Introduction Struggling with slow and complicated financial processes? Imagine a solution that not only makes everything…
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Best alternative to Stripe Connect for Payments in the UK
Stripe Connect is an API designed for businesses, particularly platforms and marketplaces, to split customer payments between multiple parties or other businesses. What You Will Discover: Struggling with high transaction fees, slow payments, or limited custom branding on your payment platform? Many businesses in the UK face these challenges with popular platforms like Stripe Connect.…
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Yapily vs Truelayer vs Finexer: Which Open Banking Provider is Right for Your Business?
An Open Banking provider enables secure access to financial data from banks through APIs, allowing businesses to offer services like instant payments and real-time financial insights. Are you struggling to find the perfect Open Banking provider for your business? With so many options like Yapily, Truelayer, and Finexer, how do you know which is right?…
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![Top 6 Open Banking API Providers to Consider in 2025 [Updated]](/wp-content/uploads/2024/09/Finexer-2.png "Top 6 Open Banking API Providers to Consider in 2025 [Updated] 15")
Top 6 Open Banking API Providers to Consider in 2025 [Updated]
An Open Banking API allows third-party providers to securely access bank account information and initiate payments on behalf of customers Introduction For businesses that rely on financial data access and secure payment processing, traditional banking infrastructure often comes with high transaction fees, slow settlement times, and complex integrations. These challenges make it harder for fintechs,…
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Top 5 Tink Alternatives in the UK
Tink is a leading Open Banking platform that enables businesses to securely access and share customer financial data through APIs, offering services like payment initiation and data aggregation across Europe. What You Will Discover: Open Banking has revolutionised the financial sector, allowing businesses to access and share financial data more securely and efficiently. Introduced across…
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Detailed guide to Top 3 Plaid alternatives
Plaid is a financial technology platform that enables applications to connect with users’ bank accounts, providing secure access to transaction data, authentication, and payment initiation through Open Banking. What You Will Discover: Plaid has earned its reputation as a leader in the Open Banking world, but let’s be honest—it’s not always the best fit for…
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Best Alternative to Truelayer
TrueLayer is an Open Banking platform that allows businesses to access financial data and initiate payments directly from customers’ bank accounts What You Will Discover: If you’re searching for a TrueLayer alternative, you’re likely seeking: ✓ A broader bank coverage across the UK to simplify your operations with one reliable Open Banking provider. ✓ A…
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Boost Customer Experience with Third-Party Providers
Third Party Providers are organisations or individuals that leverage APIs built to regulatory standards, allowing them to access customer accounts to offer account information services or initiate secure payments What You Will Discover: Introduction In today’s fast-paced financial world, businesses need more than traditional banking to keep their customers engaged. Third-party providers (TPPs) are emerging as…
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From Roadmap to Reality: Open Banking’s New Milestone
Open Banking is a financial services innovation that allows third-party providers to access consumer banking data securely through APIs with the customer’s consent. Has the UK just unlocked the future of finance? With the Competition and Markets Authority (CMA) confirming the full completion of the Open Banking roadmap, it certainly seems so. This milestone marks…
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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…
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Open banking vs Traditional Payments:4 Tips for Business Owners
Open banking is a banking practice that provides third-party financial service providers open access to consumer banking, transactions, and other financial data from banks and non-bank financial institutions through application programming interfaces (APIs). What You Will Discover: As open banking continues to take hold across the EU and the UK, businesses are starting to ask an important…
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5-Step Guide to Choosing the Best Open Banking Provider
Open banking providers are platforms that securely enable financial data sharing between banks and third-party applications via APIs. They allow businesses to access account information, initiate payments, and offer advanced financial services while ensuring regulatory compliance. What You Will Discover: Are you grappling with the complexities of integrating new financial services into your existing systems?…
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Don’t Look for Real-Time Payment Providers! Here Are the Best 5 Picked for You
Real-Time Payment (RTP) refers to a digital payment system that enables the immediate transfer of funds from one bank account to another. This system allows transactions to be processed instantly, 24/7, including weekends and holidays, ensuring that recipients receive the funds within seconds or minutes, rather than days. Introduction In today’s fast-paced world, waiting for…
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AISP vs PISP: A Detailed Look at Open Banking Providers
AISPs provide ‘read-only’ access to users’ financial data across multiple banks, enabling insights into financial behaviour and management. PISPs have ‘read-write’ access, allowing them to initiate direct payments from users’ accounts, streamlining the payment process. Introduction In an era where digital innovation is reshaping the financial landscape, understanding the nuances of open banking and its…
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Meet the Top 5 Pay by Bank Providers in the UK!
Pay by Bank refers to a method of online payment that allows customers to make purchases or transfer funds directly from their bank account, bypassing the need for credit or debit cards. This payment method leverages open banking technology, enabling a secure and seamless transaction process directly from the consumer’s bank account to the merchant…
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2024’s Leading Open Banking Data Providers in the UK
Open banking data refers to the practice of allowing third-party financial service providers to access consumer banking, transaction, and other financial data from banks and financial institutions through APIs (Application Programming Interfaces). This data sharing is typically done with the customer’s consent and aims to foster innovation, competition, and transparency in the financial services sector.…
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Comparing Open Banking Providers: A 2025 Guide for UK Businesses and Consumers
Open banking providers are third-party companies that enable the secure sharing of financial data between banks and authorised service providers through APIs. This allows consumers and businesses to access a wider range of financial services, enhancing control and improving financial experiences. We will guide you through: Purpose of the Guide: Open Finance Expansion By 2025,…
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Understanding SPAA in a Nutshell
SPAA stands for “SEPA Payment Account Access.” It is a framework designed to enhance the way payment account data is accessed and used within the Single Euro Payments Area (SEPA). SEPA is a region in which individuals and businesses can make and receive payments in euros under the same basic conditions, rights, and obligations, regardless…
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How Product Managers are Cutting Costs Upto 90% with Open Banking
Open banking is changing the financial services industry, paving the way for innovations that are redefining how businesses and financial institutions interact. The shift towards a more open infrastructure has created opportunities for accelerated modernisation and service diversity. What You’ll Discover in This Blog: 🗸 How Open Banking Features Cut Costs 🗸 Benefits for Product…