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This article was published in collaboration with Deutsche Bank. Market disruption, client evolution and regulatory change mean that the banking and corporate world is preparing for an API and Open Banking revolution. Making a success of it will require both collaboration and standardisation.
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Where newer and smaller banks used to outclass the incumbent banks regarding the onboarding process, the recent INNOPAY benchmark shows a comeback of the established players. By now, there is no longer a need to visit the office to open an account. Now the question is: did the larger banks manage to compete with the challengers?
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During the last EBA Day (12 June), the Euro Banking Association published their thought leadership paper “B2B data sharing: digital consent management as a driver of data opportunities”. This paper is a joint effort of INNOPAY and the EBA’s Open Banking Working Group. Below you will find the executive summary of the paper, you c...
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Interested in the Audio version of this article? See bottom of this page. Exponential growth in the amount of digital transactions and customer data is causing organisations to fundamentally review how they will operate in future. As GDPR comes into force, companies need to accept that problems created by their use of customer data now r...
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In episode #1 of INNOPAY’s “Meet the Vendor”, onboarding team lead Guy Rutten talks to Maarten Wegdam, founder and director of Innovalor. Innovalor is the company behind ReadID, an NFC chip reader that lets you onboard in seconds. In our series “Meet the Vendor” we introduce you to parties in the market that can help improve yo...
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“Data, whether it's location-based or behavior-based data, will help provide solutions, whenever and wherever they occur.” – Brett King, Autor von breaking banks Obwohl sich Versicherer bei der Optimierung der ‘customer experience‘ beim Onboarding deutlich verbessern, scheint die Preisgestaltung immer noch das wichtigste Unterscheidungsm...
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SMEs in the Netherlands forfeit €1.2 bln in lost revenues each year due to the restricted availability of short-term financing. INNOPAY is leading an industry-wide project to support SMEs in accessing affordable financing through the co-creation of a scheme, or set of agreements, to encourage all players in the supply chain to share relia...
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