UK property transactions are running on infrastructure that has barely changed in two decades. Source of funds checks still rely on PDF bank statements sent by email. Settlement still moves via three-day BACS transfers. Payment diversion fraud cost UK property buyers £11.7 million between April 2024 and March 2025 alone.
PropertyWire published a detailed piece examining how Open Banking is addressing these gaps – and what deployment actually looks like for conveyancing firms, letting agents, and PropTech platforms integrating real-time financial data and account-to-account payments into their workflows.
Finexer is covered in the piece as an infrastructure provider working with PropTech and conveyancing platforms – covering how a unified API for bank data access, payment initiation, and financial verification is replacing fragmented multi-vendor setups that have historically slowed property platform deployment.
Read the full piece: What Property Platforms Need to Know About Finexer and Open Banking Deployment – PropertyWire
About the Author
The Finexer Team is a collective of fintech engineers, payments specialists, and Open Banking experts working on financial infrastructure for UK businesses. Finexer builds API-driven solutions that allow companies to access real-time bank data, initiate Pay by Bank payments, and integrate financial services directly into their products.