• Stripping away the open banking confusion for businesses in the UK

  • Nov 24 2022
  • Duración: 46 m
  • Podcast

Stripping away the open banking confusion for businesses in the UK

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  • Resumen

  • The subject of open banking and the benefits it is capable of bringing to businesses and consumers alike represents a growing and interesting discussion.

    With thousands of businesses now being heavily impacted by rising costs from their supply chain and the crippling impact of energy prices increases, I wanted to explore the role that open banking might play in the world of business and that is what this month’s episode of Digital Payments Challenges and Solutions is all about.

    In this interview with Steven Jones of Gala Technology, we looked at how open banking can:

    • Save money for businesses versus card payments
    • The reduced propensity for payment fraud
    • The smoother customer payment experience
    • The impact on card loyalty schemes
    • And how easy it is for a business and a consumer to use the payment provisions that come via open banking

    Links

    The Open Banking Implementation Entity. Link here

    A Fintech Times article about open banking savings versus card payments. Link here

    GALA TECHNOLOGY

    • Steven Jones is Commercial Director at Gala Technology
    • Website: https://www.galatechnology.co.uk/
    • The awards Gala Technology has won are listed at the foot of the website home page
    • Steven Jones e-mail: sjones@galatechnology.com
    • Phone number: 01709 911 661
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