OpenPayd Blog

Yusuf Tayman - How QA engineering enables  our clients to do more

Test, test and test again. How QA engineering enables our clients to do more

Employees

QA engineering is a vital part of all tech. But when your tech handles money, it really couldn’t be more essential.

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Embedded Finance

Borrowed banking: How lenders can use embedded finance

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

Crypto

OpenPayd’s Cryptionary

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

Company

How I came to fintech

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.

FX

How to make real-time payments across Europe

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.

FX

What is the mid-market rate? Your questions answered

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.

FX

What is a payment rail?

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.

Embedded Finance

Why are 79% of businesses looking at embedded accounts?

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

Embedded Finance

How financial services can enrich your product ecosystem

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

Embedded Finance

Community Experience: The real ‘CX’ for 2022

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.

Embedded Finance

Beyond payments: the roadmap to embedded finance

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.

Company

What is it like working at a scale-up?

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

FX

Customer experience: the next frontier for remittance firms?

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

Embedded Finance

Payments: The frontrunners of the embedded finance revolution?

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..

Whitepapers

Whitepaper: The rise of embedded finance

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.

Employees

“Finteching” away while scaling up - the 5-year diary of a payments enthusiast

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

Embedded Finance

How to build a Super-app

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.

Embedded Finance

Infographic: The unstoppable rise of embedded finance

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

Whitepapers

Whitepaper: Crypto’s embedded finance future

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

Embedded Finance

Embedded finance: Who is already benefiting from it? 

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

How Open Banking will supercharge digital wealth management

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

Company

How to build a fintech team in your business

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.

Whitepapers

Whitepaper: Embedded payments and the reinvention of customer experiences

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

Embedded Finance

Embedded finance: the next big thing in commerce?

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

Embedded Finance

Virtual IBANs: centralising cash and transaction management

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.

Embedded Finance

Customer experience: a powerful component of digital transformation

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.

Crypto

Is the UK ready for new forms of digital money?

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.

Product

Why bulk payment services are a matter of when, not if

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

Product

How API-driven banking is changing finance

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.

FX

Cross-border payments: How friction and fraud can stifle your business

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

Embedded Finance

How Banking-as-a-Service works: a breakdown

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

Embedded Finance: will every company become a fintech?

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

Open Banking: short history, long future

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.

Employees

FinTech Branding & Design - My Journey at OpenPayd.

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!

Employees

My lockdown escape: how has flexible working changed my life

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.

Open Banking

Open Banking: Payment Initiation Services

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.

Employees

Celebrating my 2 years at OpenPayd – Embrace the Journey

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).

Open Banking

Open Banking: Account Information Services

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.

Embedded Finance

What are virtual IBANs?

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

Employees

A year and a half at OpenPayd's Product Team

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.

FX

5 ways CFOs can streamline their global financial operations

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.

FX

Hidden fx charges: How to find them and what can be done

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

Employees

Testing strategies for fintech software: A QA Engineer's perspective

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

Embedded Finance

What is Banking-as-a-Service?

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

What is Embedded Finance?

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.

Employees

Top Tips For Working From Home

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.

Company

Looking ahead: Our Future of Work policy

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