Real-time account funding: a competitive necessity for banks, FinTechs, and payments platforms

You’ve may have heard the term Open Banking floating around, usually said with a mix of excitement (by a small few) and confusion (by a great many). So, what is it really? In short, Open Banking is about giving consumers control of their own financial data. Under Australia’s Consumer Data Right (CDR), customers can choose to securely share their banking info (like transaction history or account balances) with accredited third parties, such as brokers, accountants and financial planners. The idea is simple: make banking more open, faster, and fairer. By allowing trusted advisers to access real data (with permission), borrowers can get better deals, faster loan decisions, and smarter insights into how they manage money. It’s like finally getting your finances to talk to each other instead of living in separate silos. So, if it’s such a good idea, why hasn’t it taken off? For one, awareness is still low. Most of us don’t know what Open Banking is, let alone why they should use it. Add to that the usual mix of “data sharing” nerves, complex technical setups for banks, and a lack of shiny new tools that show off its benefits, and it’s easy to see why progress has been a little slow out of the gates. But the potential is huge. Imagine a world where a broker or lender can - with a client’s consent - instantly access accurate, verified financial data instead of waiting for statements or screenshots. That means faster approvals, less paperwork, and a smoother experience for everyone involved. So, what needs to happen next? Regulators are already looking at expanding Open Banking into what’s being dubbed “Open Finance”, which could include things like super, insurance, and investments. They’re also exploring “write access,” which would let consumers do things, like switch lenders or make payments more easily, not just share data. The bottom line: Open Banking is coming, it’s just taking the scenic route. Once it hits its stride, it has the potential to make lending smarter, faster, and more transparent. And that’s great news for brokers, referrers, and, most importantly, the clients you send our way. #OpenBanking #FinanceInnovation #AustralianFinance #DataDrivenLending #ConsumerDataRight

U.S. Bank Expands Subscription Management for Credit Cardholders “We are constantly looking at new ways to add transparency and convenience to our cardholder experience,” said Chris Roncari, head of product and experience for consumer and small business payments at U.S. Bank. “With digital subscription management and access to digital receipts powered by Mastercard, we’re helping cardholders not only simplify the many subscriptions in their life but have greater control and insight into their spending.” https://lnkd.in/eEpac6c9 Tessa Bajema Shruti Patel Thomas Parks Anna Christensen Ankit Bhatt Jonathan Burns Ethoca Gaurav Mittal David Reeve #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Smart small banks are moving and growing faster than ever. But they’re not doing it alone. Turnkey credit card programs are helping community banks and credit unions skip the build, keep the customer — and capture the full revenue stream. Instead of spending years and millions building infrastructure, these institutions are launching card programs in months: testing, iterating and competing head-to-head with national issuers. The result: faster growth, stronger loyalty and a real shot at reclaiming wallet share from the big five. In banking, speed and experience now beat scale. Read how turnkey credit card programs help smaller banks win wallet share in Liz Froment's latest for The Financial Brand: https://lnkd.in/eJPGwuDn #BankingInnovation #Fintech #CreditCards #CustomerExperience #FinancialServices #DigitalBanking

Paymentology Launches PayCredit to Power Credit Innovation for Digital Banks and Fintechs Jeff Parker, CEO at Paymentology commented: “As expectations shift, issuers need infrastructure that can keep pace, and credit systems built on debit rails simply can’t deliver. PayCredit gives our clients the ability to launch and scale credit offerings quickly and responsibly, with full control over the experience and economics.” https://lnkd.in/enR_K9ij Rob Macmillan Lizzy Mosehle Nadia Benaissa Nuno Sitima Anna Porra Stephen Bowe #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🌎Are Fintech Partnerships the Key to Universal Banker Status? Today’s consumers expect their financial institution to handle everything. Payments, savings, lending, investing, all in one seamless journey. They don’t want five different apps, they want one trusted partner. For community FIs, delivering that one-stop shop experience isn’t easy. But it doesn’t have to mean building everything in-house. Fintech partnerships can be the key to meeting modern expectations. Here’s today’s consumers are looking for: 🪴Simplicity. One app, one relationship, one place they trust to handle it all. 🕊️Freedom of choice. The flexibility to move from saving to spending to investing without friction. 🚀Impact. Loyalty programs that go beyond points or discounts to build financial confidence. 🙋Personalized guidance for growth. Tools and advice that help them make meaningful progress in their wealth-building goals. For community FIs, delivering on all of this can feel overwhelming. But it doesn’t mean reinventing your core business. It means choosing the right partners. At Bits of Stock, we help community FIs meet these expectations by embedding stock rewards and fractional investing directly into digital banking platforms. And we’re not competing with your wealth management program. We graduate customers into it, meaning you can reach younger, digital-first clients now and deepen the relationship over time. With the right fintech integrations, you can become the universal banker your customers are asking for. https://lnkd.in/eS_7Rdgy #banking #fintech #digitalbanking #communitybanking #creditunions

Capitec is rewriting the rulebook. Mobile and services now account for over a quarter of the bank's total revenue, underscoring a rapid break from traditional banking models. The rise of fintech is dissolving the old boundaries. How long until the separation between "banks" and "telecoms" becomes meaningless? The merger is happening now. 👉 Read more about their revenue shift: https://lnkd.in/dmYS9k4k #Publishared #TechCentral #Fintech #Banking #InnovationInAction #FutureOfBusiness

“What if your bank lived in your pocket instead of across town?” That’s the thought I had while watching a colleague dash out during lunch to queue at the branch. Thirty minutes later, she returned with nothing—systems were down. I couldn’t help but compare it to my own experience. As a 9-to-5 professional, time is my most precious resource. Digital banking gives me back hours I’d otherwise spend in traffic or lines. Bills, transfers, and account checks now take seconds, not half a day. For business owners, I’ve seen the shift firsthand—real-time payments mean smoother cash flow, faster reconciliations, and fewer missed deals. In today’s economy, that’s not just convenience; it’s competitive edge. But digital freedom comes with responsibility. I’ve learned to avoid public Wi-Fi, confirm every notification from my bank, and keep apps updated. Safety isn’t optional—it’s the price of convenience. So, let me ask: if your phone can save you the trip, why are you still queuing? 👉 The future of banking is already here. The question is—are you ready to log in?

Most financial institutions haven’t been able to offer cross-border payments. And for those that did, the experience has long been painful — slow, manual, and unprofitable. The reason? There’s never been purpose-built software. At Payall, we built it. Our infrastructure digitizes what banks have never had software to do: ▪️ Execute Know Your Transaction and compliance checks in real time ▪️ Automate counterparty risk management across all participants ▪️ Orchestrate global payments safely and efficiently — through correspondent banks or new paradigms like Mastercard Move Now, originating institutions can offer modern, compliant, and profitable cross-border payments — and correspondent banks can finally manage counterparty risk with full transparency and control. Together with Mastercard Move, Payall acts as the “cross-border bank processor” — reducing up to 95% of the cost and time for banks to go live and empowering them to deliver payments that are safe, instant, and transparent. 👉 Read more in Gary Palmer’s interview with Javelin Strategy & Research: https://lnkd.in/dY6FKs3w #CrossBorderPayments #BankingInnovation #Fintech #PaymentInfrastructure #RegTech #RealTimePayments #FinancialInstitutions #ComplianceAutomation #PayTech #BankTech

Why is Gen Z redefining what it means to be a bank? New research from the Interledger Foundation shows half of Gen Z think Cash App is a bank, and 56% aren’t aware that only chartered banks offer FDIC insurance. Key takeaways: 🔍 “Bank” means functionality: Gen Z cares about storing money, peer-to-peer transfers and low fees more than charters or regulatory status. 🔍 Features trump insurance: They rank security from fraud (43%), P2P payments (36%) and low/no fees (35%) higher than deposit insurance (31%), forcing banks to compete on experience and features. 🔍 The privacy paradox: 51% keep cash because they worry about data tracking, signalling demand for open and privacy-preserving digital payments. How should banks and fintechs adapt to this shift? Read more: https://lnkd.in/exQV4fAV #GenZ #Fintech #DigitalBanking #Payments #Privacy

Monzo to consider reapplying for US banking licence - FT https://buff.ly/o5OUjaj Monzo is reportedly considering reapplying for a banking license in the United States, according to the Financial Times. This move follows their previous attempt, which was not successful. A US banking license would allow Monzo to expand its digital banking services to a broader American audience, potentially increasing its customer base significantly. This strategic step is part of Monzo’s ongoing efforts to establish a stronger presence in the international financial market. #Fintech #BankingIndustry