Insight

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.

A cashless society might sound like a Marxist’s utopia, but on the surface it’s far more base: it’s a lack of physical money.

Hands up who wants to read another post about an exciting new financial data business? Yeah, me neither.

Banking needs to change. And it won’t come from within. Often, it’s the outsiders who have the best ideas for the future.

When someone asks why I wanted to start Banked, I have a very simple answer: Patrick, Brad and Neil.