FIS, a global leader in financial technology, today announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers.
In today's world, the way we manage our finances and make payments has changed significantly. Writing checks and carrying cash are no longer the norm, as digital payment methods have become the primary focus. Nowadays, consumers value payment options that provide speed, convenience, and security.
There has been plenty of buzz around Variable Recurring Payments (VRPs), with industry players speculating on how it will revolutionise the payments landscape. But could they truly transform the way we handle recurring payments?
The rise of digital and the higher than ever customer expectations are shaping the way consumers and businesses interact with each other, forcing many businesses to embrace customer-centric strategies; not only to include multiple payment methods, but also multiple methods of interaction.
In every corner of the world, financial regulators are taking steps to advance open banking, with fresh regulations and frameworks recently announced in the EU, UK, US, and Australia. However, each regulator is taking a different approach, tackling region-specific issues to advance payments infrastructure and improve the consumer experience.
Most fintechs want to partner with banks - but it’s easier said than done. While banks are more open than ever to collaborating with outside parties, fintechs struggle to comply with stringent standards and outdated onboarding processes.
Banked’s Global CEO, Brad Goodall, and Tillo's CEO, Alex Preece sat down in Amsterdam at Money20/20 to discuss the positive impact of incentives to motivate and enhance the customer experience.
Check out the full conversation to gain valuable insights that can shape your customer retention strategy.
Banked Ltd is authorised and regulated by the UK Financial Conduct Authority 151 Wardour St, Unit 5.01, London, W1F 8WE, UK Company number 11047186 : Firm Reference Number 816944 : +44 (0) 20 8090 2747