OpenPayd Blog

Embedded Finance

Virtual IBANs: centralising cash and transaction management

Virtual IBANs are just one of the forces that are unlocking international payments for growing businesses. They’re helping to build a world where the transfer of money is faster, safer and more flexible than ever before. 

Employees

1 Year at OpenPayd: Zooming in when everything was unknown

Here you are supported and made to feel as if your opinions and ideas matter and that is what fosters the feeling that we are all on this journey together.

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

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.

Crypto

Yes, the crypto financial revolution is coming, but we need a bridge to get there

What in the crypto community often are referred to as on-ramp and off-ramp solutions. No one is building solid and long-lasting ramps.

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?

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.

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.

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.

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.

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’.

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.

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.

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).

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.

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!

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.

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.

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.

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.

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.

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.

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.

Team

Ozan Özerk | Founder

OpenPayd was founded by Ozan Özerk in 2015 to democratise international payments and banking and thus empower businesses to grow.

Employees

My Journey at OpenPayd

Together with other DevOps Engineers, we ensured an impressive uptime of the applications and supported the launch of OpenPayd’s new banking platform.

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.