As covered by Forbes: BankiFi Offers Banks Services They Can Bundle For Their SME Customers

This article, written by Tom Groenfeldt first appeared on Forbes.

BankiFi is a European fintech startup that offers modern tech services, such as invoicing, payments, nudges, cash management and accounting, to businesses.

The Bankifi Blog

Banking heroes: the IT department

Inside-Out bank focus & Outside-In partner focus: less risk, less cost, more speed

Now that we have hit the start button on Open Banking there has been plenty of debate and discussion around who will be the winners and losers. The majority of the discussion centres around the open ends, the security & data concerns and how regulators & banks are not ready for this brave new world. So once again, we swap out the opportunity for the threats for they are now top of mind. However, one then risks losing the strategic focus. I, for one, firmly believe that Open Banking is an opportunity, and not just because of the most obvious reason: the customer will most likely trust banks over other third party providers, not to mention the hate of hassle and change.

Open Banking, PSD2 and the law of unintended consequences

So, January 13th 2018 came and went and as we sit in early spring there has been not much more than a trickle of providers and customers making use of Open Banking and PSD2. One could argue that the reasons behind the somewhat underwhelming uptake is due to some of the big banks in the UK not being ready, and in Europe as a whole nothing will really happen until the RTS’ (Regulatory Technical Standards) come into force, sometime next year.

Press Release: Newly launched BankiFi takes banks and its business customers ‘Beyond Open’

Pocket Treasurer is first business solution on the BankiFi foundation, which hosts a suite of API driven micro services.

Manchester/Amsterdam, 24 January 2018 – Today BankiFi enters the market with its consent driven multi-bank aggregator platform that forms the foundation for a range of value add business banking solutions. The company, founded by Mark Hartley and Conny Dorrestijn, aims to ready banks and other financial institutions for a new open banking world order.

Open Banking: Will it be a tango or a ‘Danse Macabre’ for Fintech and Banks?

Now that the floor is nearly open for true open banking in Europe as a result of the passing of the PSD2 kick off date this Sunday, observers sit tight to see the scene unfold. Will we be enjoying a Danse Macabre with the incumbent banks in a leading role or a ‘Scent of a Woman’ tango, the unforgettable picture of experience and youth joining forces?

The undiscovered PSD2 opportunity – TPPs as a new customer segment

The PSD2 text was released almost a year ago, and as the dust has somewhat settled, the industry is now focusing on interpreting the draft Regulatory Technical Standards (RTS) . The introduction of regulated third party providers (TPP) and having to open up to third parties, who will be servicing customers who the bank has invested so much in to acquire and retain, were initially perceived as the banks being pushed back to become the back office, and therefore losing the direct contact with their customer.

Upcoming events:

UK FinTECHTalents

11-12 November, London, UK

Conny Dorrestijn chairs and moderates the Build stage around Open Banking on the afternoon of Monday 11 November.

Lean Innovation Summit

11-12 November, Rotterdam, NL 

In a fireside chat, Conny Dorrestijn will make sure she asks the right questions to Aleksa Vukotic, CTO, thestartuptechfactory.tech on platform innovation in start-ups and large corporates/banks.

Shift Money 2019

18-19 November, Zagreb, Croatia

Conny Dorrestijn speaks on Monetizing Open Banking with the only lasting capital we have... Purpose.

 

Fintech Cappuccino

A podcast on fintech and more!
Brewed on Saturdays and bringing you fintech with a twist.

FTC-badge

 

Recent Posts

As covered by Forbes: BankiFi Offers Banks Services They Can Bundle For Their SME Customers

This article, written by Tom Groenfeldt first appeared on Forbes. BankiFi is a European fintech startup that offers modern tech services, such as invo...

Read more

Nationwide invests in Business Management Platform BankiFi

Nationwide today announces it is investing in BankiFi, a business banking technology provider that uses open banking to provide a suite of business mi...

Read more

Time to trust the cloud

Why banks can trust the cloud and how fintechs can be trusted by deploying bank grade security Although the cloud has certainly been around longer tha...

Read more

Time to embrace the SME customer

Time to focus on the SME – embracing your business customers - the way they want – through your bank The debate around Open Banking and its opportunit...

Read more