Bud has been hard at work delivering affordability solutions to some of the world's leading banks this past year. Each client is unique but there have been a number of common factors that consistently affected the speed and success of the project. Successful projects had a clear business case driven by a well-defined problem, a focus on user experience, a pragmatic roadmap, and clear stakeholder alignment.
Open Banking and the transaction dataset that it unlocks, present solutions tailor-made to address the problems created by the pandemic. In this year’s Beyond Open Banking report, we explore the hows and whys of that solution.
The latest consultation paper from the FCA contained a proposal to scrap the 90-day re-authentication limit on Open Banking connections. This would be a game-changer for the sector and Fintechs should come together to ensure a strong representation in the process.
Young businesses can innovate at pace and focus on specific problems. This is the first in a series of posts looking at some of the smaller, innovative companies we're working with and how they're using Open Banking to solve important problems.