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 microservices which plug into banking infrastructure through APIs.
The technology means that providers like Nationwide, who will be launching its own business current account, can offer additional services to businesses as part of the account, such as accounting, invoicing, payments, VAT submission, lending and banking services.

The Bankifi Blog

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.

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Sibos Discover Zone
23-26 September, London

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