Tag: Open Banking

  • Verify Income in Seconds: 5 Powerful Salary Verification APIs for UK Teams

    Verify Income in Seconds: 5 Powerful Salary Verification APIs for UK Teams

    Get Verified with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Verifying income is a critical task for HR professionals, payroll teams, lenders, and compliance officers. Traditional methods such as collecting payslips, bank statements, or employment letters are often time-consuming, prone to errors, and susceptible to fraud. Recent…

  • Ozone API vs TrueLayer: Compare UK Bank Coverage, Compliance & Integration Speed in 2025

    Ozone API vs TrueLayer: Compare UK Bank Coverage, Compliance & Integration Speed in 2025

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now All facts on Ozone API and TrueLayer were taken from their websites on 24 May 2025 and may change. Comparison: Ozone API vs TrueLayer Feature/Metric Ozone API TrueLayer Primary Focus Open Banking compliance stack for banks &…

  • Raw vs Clean Transaction Data: What UK Finance Teams Should Know in 2025

    Raw vs Clean Transaction Data: What UK Finance Teams Should Know in 2025

    Get Transaction data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Financial accuracy depends heavily on the quality of transaction data. As more accounting firms and financial analysts in the UK adopt automation, the gap between raw and clean transaction data is becoming increasingly visible. Recent reports…

  • What Open Banking Means for UK Financial Advisors in 2025

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Open banking for financial advisors is helping UK firms get a clearer view of their clients’ financial positions. Instead of collecting bank statements, scanning PDFs, or chasing clients for updates, advisors can now access bank…

  • 7 Best Investment Data APIs for UK Fintech Applications in 2025

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Investment data APIs are now a core requirement for UK fintech apps looking to offer more than just transaction visibility. From tracking wealth and verifying income to enabling Source of Funds checks, platforms need access to accurate,…

  • OpenPayd Pricing Guide [2025]: Real Costs of Using Open Banking APIs

    OpenPayd Pricing Guide [2025]: Real Costs of Using Open Banking APIs

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now All information in this article has been sourced from OpenPayd’s official website and related documentation, current as of May 2025. Pricing may be subject to change. If your business relies on Open Banking for account verification, payment…

  • Source of Funds Check API: UK Pricing Guide & Implementation Roadmap [2025]

    Source of Funds Check API: UK Pricing Guide & Implementation Roadmap [2025]

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now In 2024, the Financial Conduct Authority (FCA) issued over £176 million in fines, much of it tied to inadequate anti-money laundering (AML) controls. Starling Bank alone faced a penalty of £29 million for weaknesses in…

  • A Guide to Affordable Payroll Automation Without the Complexity for Mid Size Businesses [2025]

    A Guide to Affordable Payroll Automation Without the Complexity for Mid Size Businesses [2025]

    Pay Instantly with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Managing payroll in a mid-sized business goes beyond sending out salaries. It involves coordination across departments, accurate calculations, timely submissions, and compliance with tax requirements, all under pressure to keep costs down. That’s where affordable payroll automation…

  • KYC Processing Delays Holding You Back? Here’s How to Fix Them

    KYC Processing Delays Holding You Back? Here’s How to Fix Them

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now KYC verification doesn’t always fail because of bad data. Sometimes it fails because nothing happens at all. Your applicant clicks “verify,” consents to share their details, and then… silence. No confirmation. No next step. Just a stalled…

  • Batch Payment Processing for Accounting Software Users: A 2025 Guide

    Batch Payment Processing for Accounting Software Users: A 2025 Guide

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now You’ve done the work. Invoices are approved, and suppliers are waiting. Your accounting system can generate the payment list, but now comes the part no one talks about: getting those payments actually out the door. This is…

  • Open Banking Compliance for UK Accountants: A Practical FCA Guide

    Open Banking Compliance for UK Accountants: A Practical FCA Guide

    Compliant & Secure Open Banking with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Open banking compliance is becoming essential for accountants in the UK. As more firms adopt tools that connect directly to client bank accounts, understanding the regulatory side of real-time data access is no longer…

  • UK AML Registration Process: A Complete Guide [2025]

    UK AML Registration Process: A Complete Guide [2025]

    Get Compliant with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Whether you’re a solo accountant, a small bookkeeping firm, or a new financial services provider, anti-money laundering (AML) registration isn’t just a formality; it’s a legal necessity under UK law. Firms handling financial transactions, client funds, or…

  • Bank Payment Delays: Why Cheques Arrive Late and Faster Alternatives

    Bank Payment Delays: Why Cheques Arrive Late and Faster Alternatives

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Still waiting for a cheque to clear? You’re not alone. Many UK businesses continue to experience bank payment delays, even in 2025. A supplier sends an invoice, the finance team processes it, and then… a paper cheque…

  • Still Manually Reviewing Docs? Improve KYC Verification Speed with Open Banking

    Still Manually Reviewing Docs? Improve KYC Verification Speed with Open Banking

    Get Verified with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re still asking users to upload multiple documents, chances are you’re slowing down your KYC verification speed and losing a lot of them before they ever complete onboarding. According to the Signicat “Battle to Onboard” report…

  • Business Central Integration with Live Bank Feeds: A 2025 Guide for UK Finance Teams

    Business Central Integration with Live Bank Feeds: A 2025 Guide for UK Finance Teams

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Microsoft Dynamics 365 Business Central is a powerful ERP platform, but it is widely adopted by growing UK businesses for its flexibility in managing finance, operations, and reporting. But when it comes to live banking…

  • Payroll Processing Timeline: How to Handle Late Submissions Without Missing Payday

    Payroll Processing Timeline: How to Handle Late Submissions Without Missing Payday

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Even with the best systems in place, payroll doesn’t always run on schedule. A late timesheet approval, a bonus added at the last minute, or a banking holiday can all push your payroll submission dangerously close to…

  • Customer KYC Process: Reduce Friction in Verification

    Customer KYC Process: Reduce Friction in Verification

    Get Verified with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many clients, the customer KYC process feels intrusive. They’re often unsure why personal documents are being requested, especially when the service they’re signing up for doesn’t seem like it needs them. This disconnect can create hesitation,…

  • Open Banking Adoption Hits Record High in 2025!

    Open Banking Adoption Hits Record High in 2025!

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Open Banking in the UK just hit a major milestone. As of March 2025, 1 in 5 consumers and small businesses are now active users. This record-high adoption signals more than just growth. It reflects a shift…

  • Preventing Duplicate Invoices in Accounts Payable Workflows [2025]

    Preventing Duplicate Invoices in Accounts Payable Workflows [2025]

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Duplicate invoices are a silent threat in accounts payable workflows. Whether caused by manual entry errors, inconsistent vendor records, or multiple invoice submission channels, even a single duplicate can lead to unnecessary payments, wasted time, and strained…

  • Guide to Real-time AR Ageing Buckets Without Spreadsheets

    Guide to Real-time AR Ageing Buckets Without Spreadsheets

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Tracking overdue invoices shouldn’t feel like a monthly chore, but for many finance teams, that’s still the reality. If your team relies on spreadsheets to monitor accounts receivable ageing, you already know how much time it takes…

  • Open Banking Payroll in 2025: A Practical Guide for UK Finance Teams

    Open Banking Payroll in 2025: A Practical Guide for UK Finance Teams

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Payroll shouldn’t be this frustrating. Every month, finance teams spend hours jumping between their accounting software and online banking portals just to get employees paid. You export a file, double-check the numbers, upload it to the bank,…

  • Understanding UK Open Banking and EU Frameworks [2025 Guide]

    Understanding UK Open Banking and EU Frameworks [2025 Guide]

    Open Banking with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now UK open banking payments have surged by 215% in just twelve months. Since January 2018, the UK has led open banking implementation, with Europe typically 6-12 months behind in adoption. This timing gap has created significant practical…

  • Create an Enforceable Late Fee Policy That Actually Works

    Create an Enforceable Late Fee Policy That Actually Works

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Getting paid on time is not just ideal, it’s essential for maintaining healthy cash flow. Yet, late payments remain a persistent challenge for UK finance teams. In most cases, the issue isn’t the invoice itself, but the…

  • PayPal vs Apple Pay vs Google Pay: What UK Merchants Should Know Before Choosing

    PayPal vs Apple Pay vs Google Pay: What UK Merchants Should Know Before Choosing

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Choosing the right payment platform is a critical decision for any business aiming to improve customer experience and reduce transaction friction. While digital wallets like Google Pay, Apple Pay, and PayPal dominate the market, each offers different…

  • Guide to Real time Cash visibility: From Accrual to Actual Cash

    Guide to Real time Cash visibility: From Accrual to Actual Cash

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many finance teams, forecasting today’s cash position still feels like trying to hit a moving target. While ERP systems and spreadsheets are reliable for compliance and reporting, they weren’t built to offer Real time Cash visibility.…

  • 5 Step Guide to Collecting B2B Payments Without Damaging Client Relationships

    5 Step Guide to Collecting B2B Payments Without Damaging Client Relationships

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re managing finance in a B2B business, you’ve likely felt the strain of unpaid invoices firsthand. The average UK SME is owed over £21,000 in overdue payments at any given time. Across Europe, over 45% of…

  • 7 Accounting Challenges You Can Solve with Real-Time Bank Feeds

    7 Accounting Challenges You Can Solve with Real-Time Bank Feeds

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now When accounting workflows stall, it’s often because of broken or outdated bank feeds, not the software. Firms spend hours chasing client statements, correcting manual entries, or waiting for CSVs to arrive. Even the best platforms…

  • Google Pay Not Enough? Top Payment Alternatives UK Businesses

    Google Pay Not Enough? Top Payment Alternatives UK Businesses

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Google Pay is a convenient option for many customers, especially Android users. It’s quick, built right into their phones, and keeps card details hidden to improve security. At first glance, it feels like an ideal payment method.…

  • How 3 UK Firms Automate Bank Reconciliation: Results Inside

    How 3 UK Firms Automate Bank Reconciliation: Results Inside

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many UK accounting firms, Bank reconciliation is still filled with repetitive, manual tasks. Accountants spend hours downloading bank statements, converting them into CSV files, uploading them to accounting software, and then manually matching transactions.…

  • Save Hours Each Month: Reduce Month-End Closing Time for UK Accounting Firms

    Save Hours Each Month: Reduce Month-End Closing Time for UK Accounting Firms

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Reducing month-end closing time has become a priority for many UK accounting firms. Whether you’re managing one client or fifty, delays caused by manual data entry, disconnected bank feeds, and late statements continue to slow…