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

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 than any of us – and I enjoy a glimpse into infinity every time I fly - when we use the word these days in a business setting, we do refer to a real – yet intangible – environment where we host and share technology and data. As early as 1989 Apple set up a project to look into the next generation of computing whereby consumer electronics companies, computer and telecommunications companies had to collaborate. This resulted in a spin-off in which Andy Hertzfeld played a huge part and a few years later he wrote the now famous words on his invention Telescript:  “The beauty is that now instead of just having a device to program, we now have the entire Cloud out there, where a single program can go and travel to many different sources of information and create sort of a virtual service.”

Fast forward to the early years of 2000 when large enterprises started to explore cloud benefits. Needless to say, banks were not amongst the first movers. Risk averse and tightly regulated by parties, who for many good reasons are not normally known for breaking frontiers either, we cannot blame them. Yet, soon we saw banks starting to move non-customer centric or lower risk functions to various forms of private, hybrid and later public cloud.

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 opportunities tends to go in two directions: the FinTech unicorns, a dialogue fuelled by the fintech community itself and the investors buzzing around the space and on the other hand, ‘Who will survive?’ the bank versus fintech/bigtech debate. Surprisingly the customer, despite age long expressions of customer centricity does not feature in either very prominently. And if one dives deeper, beyond the consumer level very little, by comparison, is heard.

Five lessons for SME banking: how to create loyal customers in the Gig Economy

What SME bankers can learn from the recent Bain NPS Consumer Banking study: “In Search of Customers Who Love Their Bank”.

BankiFi features in the Paypers Open Banking Report

BankiFi features in the Paypers Open Banking Report on Tangible Value in Open Business Banking for Banks and Entrepreneurs

The Open Banking Report 2018 focuses on topics such as building trust, gaining consent and improving customer experience in Open Banking.

Read the fine points of how open business banking is good business for banks and entrepreneurs in our contribution to the Open Banking Report : "Tangible Value in Open Business Banking for Banks and Entrepreneurs".

Download 

 

BankiFi enables banks and payment providers to offer ‘scheme independent’ Request to Pay as a service

PocketCollector available to streamline invoice issuance, payment and collection for the SME segment

Manchester/Amsterdam, 26 September 2018 – Today at the opening of EuroFinance in Geneva, BankiFi launches a new solution to support the needs of business banking customers instantly. The PocketCollector solution is available as a stand-alone service or as part of BankiFi’s 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.

ING Money2020 Summer podcast with BankiFi’s Conny Dorrestijn

Why and how banks can win in an open eco system
 

Meander with the ‘insatiably curious’ Conny through the Open Banking world: why banking and personal relationships fail or succeed, why trust is behaviour and not a word and how explicit consent might well turn out to be the active trust button banks have been looking for.

Consent – the banks’ action button for trust

The bonding powers of free consent in relationships

Trust is in the end of the day the only real asset banks can offer their customers… Everyone agrees. Trust is the essential backbone of a happy relationship, be it a loving relationship as partners or lasting friendship. So far no one disagrees.Where it becomes tricky is in finding out how one translates trust into actions, from intention to active management.

Upcoming events:

 

Sibos Discover Zone
23-26 September, London

BankiFi - Sibos

 

Fintech Cappuccino

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

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

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