OpenPayd Blog

Embedded finance is solving age-old pain points for the lending industry. And that’s just the start…

Get up to speed on all the cryptocurrency and blockchain jargon you need to know ahead of Bitcoin 2022.

Considering a role in fintech, or never even thought about it? You may be surprised by how varied peoples’ backgrounds are in our industry, and OpenPayd is no different.

Lightning fast payment rails now dominate European transactions. If you’re expanding in the continent, don’t let your business be left in the slow lane.

The mid-market rate is the midpoint between what a bank or FX business is willing to buy a currency for and what they will sell it for. It is known as the interbank rate, as it is the most accurate possible rate of exchange.

Payment rails are the infrastructure that carry money between a payer and a payee. They connect banks and financial institutions with one-another and allow money to travel between them.

Our research on embedded finance revealed that 54% of business leaders find the idea of offering eWallets or accounts to their customers ‘very appealing’.

A thriving product ecosystem is what every business strives for. Embedding financial services are adding new opportunities to fast-growing offerings.

We may be moving from a period in finance defined by customer-centricity to one defined by community experience. Embedded finance will play a big role.

Payments are just the starting point. With payments embedded into your products, you have a springboard from which you can layer in other financial services.

Read what working at a fintech scale-up has been like for three employees from different departments, including how it differs from previous workplaces.

Are we heading into a future in which customer experience is the biggest point of competition between remittance services?

Embedded payments is the starting point for embedded finance. With better payments infrastructure, you can speed up payment processing times, create more customer-centric financial services and many more..

Embedded Finance is arguably the biggest development in fintech for decades. In this whitepaper we explore its high levels of interest, and the reasons behind them.

Five years in, our Head of Customer Success Shahrukh (Shah) Khan looks back at his experience, and what the future will hold.

In order to establish yourself as a super-app in the age of embedded finance, you’ve got to take advantage of what embedded finance is facilitating.

It’s the most transformative development to finance since online payments. Now embedded finance will radically change how financial services are experienced.

Cryptocurrencies and investments are more popular than ever. So what’s holding them back from even wider adoption?

Embedded finance will drastically change financial services, but the changes that it and Banking-as-a-Service are already making should not be underestimated.

Open Banking has brought down the walls around banking data, now we can use that accessibility to radically improve wealth management.

The talent you need is out there, you may just have to dig a little deeper to find it as you build out your first internal fintech team.

Payments is the front-runner of the embedded finance revolution. Our latest whitepaper explores exactly how European brands are embracing embedded payments.

Over 10% of companies have launched embedded finance propositions and more than a third expect to launch embedded financial services in the next year.

Virtual IBANs are one of the forces that are unlocking cross-border payments and multi-currency payments for growing businesses. All through a single API integration.

The pandemic has accelerated a tech-first approach to finance, and with Banking-as-a-Service and Embedded Finance gathering speed, the near future looks exciting for both consumers and businesses.

A CBDC is a digital currency that is issued by a central bank. It is similar to well-known cryptocurrencies in that it operates on a digital-only framework.

Bulk payment services can handle both international payments and domestic payments, making automatic bank transfers via SEPA, Faster Payments, ACH and more.

APIs are the key component bringing finance into a new era. Banking-as-a-Service, Open Banking and Embedded Finance all rely on API integration, connecting non-financial companies and financial institutions.

As the global economy becomes increasingly interconnected and the necessity for business FX and cross-border payments increases, there’s an emerging ‘expectancy gap’.

Banking-as-a-Service (BaaS) describes an ecosystem in which licensed financial institutions provide access to their services to non-financial businesses, generally through API integrations.

Embedded Finance is taking Banking-as-a-Service a step further, all achieved through API integrations. Are we about to see a plethora of non-financial companies offering financial services?

Open Banking is changing finance. PISPs and AISPs have already made an impact, but Banking-as-a-Service and Embedded Finance will really shake things up.

All we had at the time was a name and a logo. Everything else was up to me. From a Brand Designer's perspective, it was a golden egg!

The OpenPayd team has shown a tremendous degree of flexibility. I'll be taking advantage of the new flexible working policy, allowing staff to work abroad for 60 days each year.

Payment Initiation is an Open Banking-enabled method for online payments. When using a Payment Initiation Service, consumers give consent for a third party PISP to make a connection to their bank account.

I recently marked my second anniversary at OpenPayd. For the first few months, I prepared test scenarios for our native apps and web project (mostly for API and UI).

AISPs are at the heart of the Open Banking landscape, and many of the first wave of Open Banking-enabled products and services rely entirely on Account Information Services.

A virtual IBAN (International Bank Account Number) is a virtual account reference number allocated by a banking or payments provider to provide local payment.

After going live with the MVP, I’ve been entrusted with a number of additional Product areas for the business including CRM (Salesforce), Data & Reporting, and Open Banking.

An improved business FX strategy can be the best gift a CFO can give themselves. Ending a reliance on a traditional banking partner for cross border payments and FX processes is easier than you think.

From accessing the mid-market rate available on the wholesale FX markets to multi currency-accounts, business FX issues can be fixed.

Financial technology (fintech) software will always be in scrupulous need of quality assurance in order to help launch bug-free and highly competitive products.

Banking-as-a-Service (BaaS) describes an ecosystem in which licensed financial institutions provide access to their services to non-banking businesses, generally through the use of APIs.

Embedded Finance is the use of Banking-as-a-Service and API-driven banking and payments services to integrate financial services within other environments and ecosystems.

From routines to communication, we’ve outlined some ideas below and included some activities to keep you fit and healthy in mind, body and soul.

At OpenPayd we've devised a Future of Work policy, allowing employees to work from home, the office, and spend 60 days working overseas.