JOIN THE OPEN BANKING REVOLUTION
Create better, more intuitive financial experiences for your customers with easy-to-integrate Open Banking solutions. Coming Soon.
What is Open Banking?
Due to a change in regulation in 2018, bank customers can now authorise third party businesses to access their financial data. Once you have permission, your business can access account information and initiate payments directly from your customers’ bank accounts. Now you can build products with richer data and smoother user journeys than ever before.
Two ways to use Open Banking
Payment Initiation Services
Allow your customers to send payments directly from their bank account without leaving your service. Once the account is linked there’s no need to reconfirm details: seamless user experience. Both Pay-in and Pay-out are instant and automated.
Account Information Services
Connect to your customer’s bank account directly, giving them a better way to view, manage and share their data. This presents them with the ability to gain more valuable insight into their finances, faster than ever before.
What Open Banking brings your business
Better customer experience
Fewer clicks go a long way. Keep your payments journey branded and within your service. Own the flow, perfect the flow.
Verify identity in seconds
No more form filling. Connecting with your customer’s bank account allows them to verify their identity securely, in seconds.
Cheaper, faster payments
Cut the fees associated with traditional payment methods and reduce operational overhead with automated reconciliation.
A full banking and payments ecosystem through a single API
OpenPayd’s simple, developer-first API delivers Banking-as-a-Service with a modular architecture.
Build a banking and payments service that grows and changes as you do.
Accounts
Hold, receive, and send money in multiple currencies with unlimited virtual accounts.
FX
Convert funds across 100+ currencies through API-enabled FX with spot pricing and instant settlement.
Payments
Make and receive payments locally or internationally with access to OpenPayd’s global banking network.
Supercharge your business with embedded finance. Contact our team today to talk through your company's needs.
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