Insight

Banked’s CEO and co-founder, Brad Goodall, joined NAB Digital Next, a National Australia Bank podcast on the rise of the digital economy, to discuss the evolution and future of digital payments, focusing on the shift towards account-to-account transactions and Pay by Bank.

As the global financial industry has evolved, several key discoveries have emerged about Open Banking payments, reshaping the way we understand and utilise this transformative technology.

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.

We recently interviewed Banked’s Chief Legal and Compliance Officer (CLCO), John Fernandez, to discuss the current state of fraud in the fintech and open banking industries, sharing insights on how we stay ahead of evolving fraud threats while ensuring a seamless and intuitive user experience for customers using Pay by Bank.

While the rise of mobile devices has streamlined transactions worldwide and made consumers’ lives easier, the dark side of this growth is that mobile payment fraud has only become more sophisticated.

We’ve compiled a list of the most commonly used terms in the fintech world to help you get started on your fintech journey.

As Banked emerges from beta, keys to next-gen payments eagerly grasped between the fingers of marketing and sales, the biggest hurdle we’re faced with is an Aristotelian dilemma.

At Banked, we offer real-time payments to our customers, which involves interfacing directly with all major UK banks. It’s important for us to know the health/service level of the APIs at each bank we interact with, so we needed a way to monitor all of that traffic.

In addition to building a bespoke checkout for HEROES donations, the team at Banked are now working to build an interface that allows quick and easy payouts to NHS workers via our small grants program.

Recently, we shipped Banked.js, a component library for integrating account-to-account payments into any web application. We’d love to share what that process looked like.

Banked has enabled payments to move instantly from one account to another. This means no delays as funds are never flushed through a third party.

There’s a seismic shift happening in the way banks make money that could have significant privacy implications for their customers.