Banking-as-a-Service also has the power to transform the lives of consumers for the better. A powerful example of this is within the student loan industry. While the first generation of fintechs connected consumers with better student loans, a new wave of companies are helping consumers alleviate the burden of student loan debt.
Highlights from American Banker’s Digital Banking Conference in Austin, Texas.
Techies, venture capitalists and forward thinking bankers gathered in the Big Apple to talk about everything from future unicorns to the future of money at CB Insights’ annual Future of Fintech conference. The Open Platform team shares highlights from the event!
We have always enabled digital bill pay to companies in our comprehensive electronic biller directory, but we recently expanded our Move Money service so that you and your customers can now settle bills with any US company or individual.
We’re excited to share that Azlo, the fastest growing small business banking service in the US at the time this article is written, uses Open Platform’s technology to offer a groundbreaking banking experience to all of its customers. Rather than piece together solutions from multiple service providers or leverage outdated processes that require customers to visit bank branches, Azlo used Open Platform’s technology to develop an online, end-to-end banking service for the new generation of digital entrepreneurs.
We’ve just added a new case study on our website explaining how payments company Modo uses Open Platform to help consumers redeem loyalty points linked to their credit cards when they make purchases in stores or online. Modo went live with Open Platform last year and we’re delighted we can provide this easily scalable solution, which will allow Modo to support a variety of use cases across a growing number of partnerships, all within the US regulatory framework.
Last week, industry and thought leaders from across the US took the stage to share ideas and insights at Finovate’s CX Summit. We share the top takeaways from the event.
The first few months of 2019 alone have produced three of the biggest fintech merger announcements ever made. What's driving this trend and what can we expect in the upcoming months?
On the surface, it can be difficult to spot companies that rely on banking and payments services to support their customer experience, so we thought we would highlight a few for you. Following are three industries that are being silently revolutionized by access to API-driven banking and payments services.