Volume

🚀 Exciting News! 🚀 We are thrilled to announce our NEW product: One-Click Verification!  A game-changer in user onboarding for Money Remittance and Fintech companies. Now you will be able to verify user data, meet regulatory requirements, and reduce abandonment rates, all at once! Learn more here: https://lnkd.in/ek9UEYeE #FinTech #OpenBanking #UserVerification #GetVolume

Open Banking is changing the way money is sent 💸 How? Easy, by securely connecting financial data across platforms. It sounds so easy, right? Well, actually it is 👌 🌐 Open Banking APIs allow easy data sharing between banks and third parties, bringing big changes to the remittance industry. Here are the main 3 changes: 1. Faster Transactions #OpenBanking enables instant or near-instantaneous transfers by connecting directly to customers' bank accounts. This significantly reduces the time it takes for money to be sent and received, improving the overall #CustomerExperience. 2. Lower Costs By reducing the need for intermediaries, #OpenBankingAPIs help cut down on transaction fees and operational costs. This allows remittance companies to offer more competitive rates and increase their profit margins. 3. Enhanced Security and Trust It leverages secure APIs and strong customer authentication (SCA), ensuring that transactions are protected against fraud and data breaches. This builds customer trust and enhances the company's reputation for reliability and security. And what if I tell you that the implementation is as easy as adding 5 lines of code to your current platform? 💻 👉 Find out how Volume can make your remittance process smoother. Book a demo with our open banking experts: https://lnkd.in/eKhGQdcW Learn more: #OpenBanking #MoneyTransfers #Fintech #APIs #Innovation #GetVolume

🌍 🇲🇦  Team Volume in Morocco!  🇲🇦 🌍 We recently had an incredible offsite in Morocco, filled with unforgettable moments and amazing experiences. It was a perfect blend of team bonding and strategic planning for the next stage of our company’s journey. From exploring the beautiful Moroccan landscapes to sharing insights and ideas, this trip was all about strengthening our team spirit and setting ambitious goals for the future. Here's to many more adventures and milestones together! 🚀 #TeamVolume #MoroccoOffsite #TeamBonding #StrategicPlanning #GetVolume #CompanyCulture

Interested in how you can leverage OpenBanking to support digital payments? 💥 If you are a merchant or ISV/SI, come speak with Simone Martinelli (CEO) and Rick Frenken (VP Revenue) at Money 20/20! 🙌 Volume allows digital payments with a UX your customers love, instant settlement, at a lower cost. Shoot us a message and we’ll plan for a coffee. Looking forward to seeing you all there! 😊 #Money2020 #Fintech #Innovation #Leadership #OpenBanking #Payments

Open Banking and Its Advantages for Money Remittance 💸 Learn more: https://lnkd.in/dfkGGprv #OpenBanking #CrossBorderPayments #MoneyRemittance #FinTech

According to The World Bank, the average cost of sending remittances is 6.20% of the amount sent 😵 Still too high Costs faced by #MoneyTransfer Companies make it hard to get closer to the global average of 3 percent, an objective included in the G20 commitment aligned with the UN’s 2030 Agenda 🤝 COST is only one of the four Challenges of Cross-Border Payments mentioned by the Financial Stability Board (FSB) The other 3 are SPEED, ACCESS and TRANSPARENCY. #OpenBanking has emerged as a promising solution,  transforming the money remittance industry, making it much faster, more economical, more transparent, and offering an improved user experience 📈 Learn more about how open banking drives efficiency and reduces costs in the money remittance industry: https://lnkd.in/gkkFS5xF Source: https://lnkd.in/grNn_Suj

🔒 Ensuring Regulatory Compliance in #FintechApps 🔍 These are the 5️⃣ essentials of designing compliant fintech applications. Source: Article from Eversend written by Charles Ivia 👏 Learn How #OpenBanking Benefits Fintech Apps: https://lnkd.in/ek9UEYeE #FintechCompliance #RegulatoryStandards #DataPrivacy #PaymentProcessing #FintechSecurity #MoneyRemittance

Difficulties Faced by Currency Exchange and Money Transfer Companies 🔒 Identity verification is crucial for security reasons, especially with the surge in online transactions. 📈 Hackers exploit system vulnerabilities daily, underscoring the need for robust verification measures. But its importance extends beyond security. 💳 In finance, it confirms eligibility for creating a new account, ensuring accurate collection of data points to provide services. 📝 Regulatory compliance is another key aspect. Failure to verify identity can lead to hefty penalties for businesses. 🛡️ Moreover, it protects individuals' privacy and personal data, fostering trust and preventing misuse. All these factors contribute to a very complex, tough, and long user verification process. The easiest way to do it? One-click verification. It leverages the power of open banking, collecting key data points with a single click from users, letting businesses onboard more users quickly while meeting all the KYC needs. Learn more: https://lnkd.in/dhPewRVt #UserVerification #Security #RegulatoryCompliance #PrivacyProtection #KYC

We have been featured in the Sifted Payments 2024 briefing as one of the top 20 European early-stage startups to watch in the payments industry 🎉 Check out the briefing here: https://lnkd.in/e7CxzqzB A big thank you to Sifted for the recognition! 🙌 We're thrilled to be included in this esteemed list alongside other innovative startups shaping the future of payments! 🚀 Well done to all the startups that made the list. Simone Martinelli Chris Tarnawski Jonathan Sinclair Amy Lewin #Fintech #Payments #Startup #Innovation #Sifted #GetVolume

Many businesses struggle with getting new users to complete their sign-up flow. 😰 This is a particularly difficult issue for industries with strict onboarding requirements, such as #MoneyRemittance businesses and #Fintech companies. Every single step creates friction during the process. Based on our research, nearly 71% of individuals have abandoned an #OnboardingProcess due to manual data entry requirements. In short: the more steps, the fewer new users. Integrating an API that enables your sign-up flow to be completed in one click, while also meeting your KYC needs, is possible with the help of #OpenBanking. Learn more: https://lnkd.in/dc34Ms69 #GetVolume #OneClickVerification