Connect with us

News

YAPILY AND OZONE API PARTNERSHIP MARKS TURNING POINT IN OPEN BANKING ADOPTION FOR BANKS

Published

on

Open banking leader Yapily has today announced a strategic partnership with Ozone API, the leading API standards-based platform, to enable banks and financial institutions to accelerate their adoption of open banking.

 

Covid-19 has forced the banking sector to embrace open banking wholeheartedly. Until now, the rationale behind open banking adoption for many banks had been motivated by compliance. But with the exponential uptake in digital payments brought about by the pandemic, many are now looking to ramp up open banking adoption in a bid to retain customers and launch new, profitable financial products and services to market.

 

Through this partnership, Yapily and Ozone API will provide banks with the infrastructure to play on both sides of the open banking ecosystem. Delivering high performing standard-based APIs to provide a platform for developers and access to the leading technical enterprise connectivity platform in Europe to power their own propositions. This will enable banks and financial institutions to build and launch financial products customers want to use, while ensuring they are utilising the highest quality performing APIs.

 

By joining forces, the fintechs have created an ecosystem that enables banks to monetise open banking; one where they can build services that will retain customers and generate new revenue streams. And crucially helps them differentiate themselves from bigger players and stave off competition from neo and challenger banks.

 

The partnership aims to expose a better API world that banks, financial institutions and third party providers can connect to, enabling them to ramp and scale as we enter a post-Covid world.

 

Huw Davies, Co-founder and Chief Commercial Officer at Ozone API commented, “Banks are looking to go way beyond mere compliance and build value-adding propositions and services to do more for their customers, reach new customers and build new partnerships. This requires delivering great APIs of their own and building awesome propositions by leveraging access to other banks. By partnering with Yapily, we can combine the best standards based API platform with the best platform to power financial applications.”

 

Matt Cockayne, CCO at Yapily commented, “Bringing together a full open banking service for banks allows greater choice for new markets and market entrants. This partnership builds harmony between the creation and consumption of open banking APIs, bringing a powering open banking solution for financial institutions. We look forward to working with Ozone API.”

 

News

ENTRUST INTRODUCES ADAPTIVE ISSUANCE™ PRODUCTION ANALYTICS SOLUTION TO OPTIMIZE CARD ISSUANCE OPERATIONS

Published

on

By

The new solution provides intelligent, data-driven insights to card issuers with Central Issuance systems for improved and timely management decisions

 

Entrust, a global leader in trusted identity, payments and data protection, today introduced the Production Analytics Solution, designed to provide real-time data and actionable insights to optimize card issuance operations. The solution is part of the Entrust Adaptive Issuance software platform trusted by banks, governments and other organizations worldwide.

With the complexity of card issuance environments and lack of real-time visibility into production system operations, card issuers have difficulty effectively overcoming efficiency challenges across the production ecosystem. Entrust has leveraged more than 50 years of expertise in the card issuance market to develop a platform that will provide the intelligent data and expert support needed to master operational planning for the alignment of people, equipment and processes, positioning card issuers as leaders within the industry.

“Card issuers are in search of solutions that help bring efficient continuous process improvements and optimization to the production floor,” said Dan Good, Vice President, Payment and Identity Issuance Solutions at Entrust. “The Entrust Production Analytics Solution was developed by the same engineers that built the systems it supports. And, we’ve gone a step further to provide one-on-one consultation to our customers, allowing them access to our team of experts to help identify and remove bottlenecks, increase operational efficiency and reduce production costs.”

 

How it works

The Entrust Production Analytics Solution collects information directly from the Central Issuance systems on the production floor and converts it into a dynamic dashboard of data for in-depth analysis. It offers point-and-click drill down capabilities to refine the accumulated data over any time interval, and the data can be shown in a variety of ways to see the most appropriate insights for the operation.

Key features and benefits of the subscription includes:

  • Real-time, actionable data collection that supports SPC (Statistical Process Control) methodology to monitor production statistics and trends for immediate problem solving
  • Regular industry expert engagements that will provide in-depth analysis of data and actionable recommendations for card issuer efficiency improvements

Regular software updates and new features

 

Continue Reading

Business

UK READY TO SPEED UP THE DIGITAL TRANSFORMATION REVOLUTION

Published

on

By

More than half of businesses set to accelerate projects due to pandemic

British business is set for a digital revolution according to a survey which indicates that 56 per cent of companies are speeding up plans because of the pandemic.

With so many employees working from home, and a battle to get back on track after a year of turbulence, businesses are realising their processes and systems are potentially outdated and in need of an overhaul.

The survey, commissioned by Crown Records Management, revealed:

  • 32 per cent are planning digital transformation in the next 12 months to cope with the new normal.
  • A further 24 per cent plan to act within five years.
  • 66 per cent say the pandemic has made the C-Suite in their business recognise the importance of digital transformation.
  • 30 per cent say allowing employees to work at home efficiently is now a key driver for digital transformation.
  • 27 per cent do not view their business as having already ‘gone digital’.
  • Only 26 per sent say they have already fully digitised all their back-office functions.

David Fathers, Regional General Manager at Crown Records Management, said: “There was already a big desire from UK businesses to develop a digital strategy even before the pandemic, driven by a demand for improved data security and a need to be more competitive in the market.

“But these survey results show that companies now want to increase the pace of change because of the events of the last year.

“Having so many employees working from home has shone a light on the inadequacies of systems currently in place in many companies, of all sizes. Employees have found that information has been difficult to track down and slow to access.

“There’s a myth that Western countries such as the UK are so far ahead in the digital field that most businesses have already undergone digital transformation.

“The survey showed that only a quarter of businesses have fully digitised all their back-office functions, which means there is a long way to go.”

The survey, undertaken by Censuswide, polled 401 decision makers at companies across the country with between 250 and 5000 employees.

David Fathers added: “We also asked whether people considered their business as having already ‘gone digital’ and surprisingly 27% said ‘no’.

“That figure was even higher in London at 30% and highest of all in companies of between 250-500 employees – at 46%.

“It is vital that businesses begin the digital journey soon. The benefits are compelling.

“Digital solutions can help a business become more efficient, save time and money, and make it simpler for employees to do their job – and that’s even before we begin to think about compliance and data security, which are huge business issues in the modern world.

“Perhaps it has taken the pandemic for some boardrooms to wake up to the importance of digital transformation, but if the intentions set out in this survey become reality, it can only be a good thing for UK business.”

 

Continue Reading

Magazine

Trending

Top 1023 hours ago

DOGECOIN MADNESS

by Nathalie Janson, Associate Professor at NEOMA Business School   After the unstoppable increase of Bitcoin (BTC) since January –...

Business23 hours ago

TOP TIPS FOR BOOSTING YOUR CASH FLOW AND BUSINESS IN 2021

Ian Gass, CEO at Agitate   Many small businesses are still dealing with the disruption caused by the pandemic. Improving financial...

Wealth Management23 hours ago

WHY COMPLICATED INCOME STRUCTURES SHOULDN’T PREVENT HIGH NET WORTH INDIVIDUALS FROM INVESTING IN PROPERTY

Mike Coates, Founder and CEO of Commercial Expert   An investor’s preference is usually to split their investment across different...

News24 hours ago

ENTRUST INTRODUCES ADAPTIVE ISSUANCE™ PRODUCTION ANALYTICS SOLUTION TO OPTIMIZE CARD ISSUANCE OPERATIONS

The new solution provides intelligent, data-driven insights to card issuers with Central Issuance systems for improved and timely management decisions...

Technology3 days ago

OPTIMISING DIGITAL EXPERIENCE IN AN INTERNET-RELIANT FINANCIAL SECTOR

Tony Finn, EMEAR Lead, ThousandEyes   It would be unfair to say that the events of the last year have...

Finance3 days ago

CAN THE CLOUD REVOLUTIONISE FINANCE?

By Walter Heck, CTO, HeleCloud    The scale of the Cloud revolution that businesses have gone through over the last few...

Business3 days ago

BRIDGING THE DIGITAL EMPLOYEE EXPERIENCE GAP

Matthew Sturman, senior technical consultant, AppLearn   While the financial sector was arguably some way along the digital transformation curve...

Business3 days ago

6 TIPS FOR KEEPING DATA SECURE WHEN WORKING FROM HOME

Tim Bandos, CISO at Digital Guardian   The importance of data in the financial sector has grown exponentially in recent...

Top 103 days ago

SOFTPOS: EVERYTHING KEY PLAYERS NEED TO KNOW ABOUT DEVICES

By François Drouard, SLM Terminal & Mobile and Emmanuel Desdoigts, Project Manager at Fime   SoftPOS solutions harness untapped potential...

Wealth Management3 days ago

WHAT DOES RETIREMENT MEAN TO YOU?

By Gary Fisher, Head: Member Education Services and Individual Consulting at Alexander Forbes   No matter your age or current...

Business3 days ago

HOW AN OUTDATED PROCUREMENT PROCESS WILL IMPACT CUSTOMER RETENTION

Never before has the business world been held to ransom by an invisible and yet totally disruptive force. We are,...

Technology3 days ago

DIGITAL TRANSFORMATION FOR FINANCE: LEADING WITH SAAS AND COLLABORATION TOOLS

Gary Duggan, VP Technology Solutions EMEA at Riverbed Technology   Throughout the pandemic, software as a service (SaaS) and collaboration...

Finance3 days ago

PREPARING YOUR HEDGE FUND FOR THE MODERN CYBERCRIMINAL

By: Simon Eyre, Head of Europe, Drawbridge   The familiar adage that “every organization is a target” when it comes...

Business3 days ago

UK READY TO SPEED UP THE DIGITAL TRANSFORMATION REVOLUTION

More than half of businesses set to accelerate projects due to pandemic British business is set for a digital revolution...

Finance3 days ago

ADAPTING YOUR ATTITUDE TOWARDS MONEY AS YOU AGE

By Buhle Langa, financial well-being consultant at Alexander Forbes   Much of financial wellbeing begins with the choices that we make...

News3 days ago

DELOITTE: 61% OF EXECUTIVES, DOUBLE PRE-COVID 19 LEVELS, FOCUSED ON TRANSFORMING WORK

Amid unprecedented workforce disruption from the COVID-19 pandemic, organizations are enacting radically new ways of working and operating – and the...

News3 days ago

FINCAD ANNOUNCES COMPREHENSIVE BOND DATA AND ANALYTICS SERVICE

Combines Market-Leading Derivatives Analytics Services with Data and Insight on Fixed Income Securities In One Simple Solution FINCAD, a pioneer...

News3 days ago

ALVEO ANNOUNCES NEW ESG DATA MANAGEMENT CAPABILITY TO HELP MEET SFDR REQUIREMENTS

Alveo, a leading financial data management solutions provider, announces new environmental, social and governance (ESG) data management functionality. The new functionality...

Business3 days ago

THE FUTURE OF REGULATION IS UNFOLDING IN YOUR UNSTRUCTURED DATA

By Simon Cole, CEO at Automated Intelligence.   When you picture the future of finance, what do you see? The...

News4 days ago

AGILE LEADERSHIP: HOW TO CLOSE THE ‘KNOWING-DOING’ GAP

Almost all organisations are looking for faster, smarter ways to deliver their mission critical programmes and/or recovering programmes that have...

Trending