Absa Bank Kenya’s Post

The rise of open banking in Australia is creating a more competitive and innovative financial services landscape. This benefits consumers by giving them more choice, control, and convenience when it comes to managing their finances. #openbanking #financialservices #consumerdata

ABBANK successfully migrated 100% of its business banking clients to the new platform within three months. https://lnkd.in/g3bfzgJ6 - with ABBANK Backbase Hieu Pham Duy Riddhi Dutta #DigitalTransformation

With increasing market momentum for consumer-driven banking and anticipation building for the upcoming budget announcement on April 16, industry participants may find themselves sprinting to prepare for Open Banking in Canada. How can organizations get started and seize a competitive advantage? Find out in our latest insight and discover how Symcor's COR.CONNECT platform accelerates Open Banking readiness. https://lnkd.in/gtUjdmpx #OpenBankingCanada #ConsumerDrivenBanking

Transform Your Banking Operations with SwiftBank! With Seamless Digital Banking, Robust Compliance & Security, AI-Powered Insights, Scalable & Flexible, Efficient Loan & Risk Management. Whether you're looking to modernize your banking infrastructure or enhance operational efficiency, SwiftBank is the smart choice.  #SwiftBank #BankingSoftware #CoreBanking #DigitalTransformation #Fintech #BankingInnovation

As we edge closer to the release of the 2024 budget, the anticipation is building for a deeper dive into the open banking framework in Canada. I had the privilege of joining a panel at Infonex Inc. last week, alongside Jason Chomik, Tom Carpenter, and Natacha Boudrias. We explored the many facets of open banking, from aligning it with our company missions to the challenges of crafting a consumer-centric framework. We also touched on the potential impact of the accreditation process and gleaned lessons from successful implementations in other jurisdictions. Peering into the future, we acknowledged the far-reaching implications of consumer data portability. Our discussions highlighted the crucial role of industry collaboration, consumer focus, and global best practices in shaping the future of open banking. Open banking represents a significant stride towards a financial sector that truly resonates with Canadians' needs. I'm eager to see what the budget holds and collaborate with the industry on the exciting journey ahead. #OpenBanking #Budget2024 #ConsumerDrivenBanking

Exciting news‼ Mastercard has just released the latest edition of abi-annual report, the 'Mastercard Payments Trends Navigator.' 🌍📊💱 This comprehensive report highlights the top trends and developments in global payments and banking, providing valuable insights for industry professionals. 💡💳 I highly recommend checking our insightful report with the latest payment industry trends. #MarketTrends #PaymentTrends #MastercardServices #PaymentsTechnology #FinancialServices

Australia’s journey into Open Banking has been challenging, with banks investing over $1.5 billion. Yet, adoption has been slower than expected. To see real returns, it’s time for banks to get creative, put the customer first, and show how Open Banking can truly simplify and empower their customers' financial lives.   Read our latest blog “How to turn Open Banking Into Your Competitive Advantage” to discover:  ✔️ How Personal Financial Engagement (PFE) can create a customer-focused strategy for financial wellness   ✔️ The unique synergy between Open Banking and PFE in enhancing engagement  ✔️How a combined Open Banking-PFE approach can be monetised for a competitive edge  Read here >> https://lnkd.in/d2Eyuqnj #OpenBanking #BankingIndustry #AustralianBanking #AusrailianBanks #PFE #OpenBankingInAustralia #Personetics

If you missed "The Banking Buzz: Your Complete Toolkit for Commercial and Business Banking" you can see the replay at https://lnkd.in/eEe_GWsc

🇪🇺 How can banks and financial institutions in Europe unlock the commercial opportunities of the incoming SEPA Payment Account Access (SPAA) scheme? According to Mastercard’s Louise Beaumont, SVP, Global Open Banking, Industry & Policy Engagement, it’s all about having the right frame of mind: “SPAA is really important, as it’s about operationalising making money from open banking payments. People have been thinking about open banking, but in the wrong frame of mind: just as a compliance thing. It’s an opportunity to make money, and we need to think about SPAA and open finance as real commercial and competitive imperatives.” 📽 Watch the full interview with Open Banking Expo here: https://lnkd.in/d2kxBySC 🗞 Read the article here: https://lnkd.in/eB8J5dnT #MastercardOpenBanking

In today's fast-paced business environment, staying connected to your financial world is more important than ever. With our Business Online Banking services, you can monitor and manage your accounts anytime, anywhere. Whether it's viewing transaction history, transferring funds or making one-time, recurring payments, or securely communicating with Peoples Bank. Why is this crucial now? Businesses face unprecedented challenges and opportunities, making responsive banking services is not just a convenience, but a necessity. Community banks like Peoples Bank are here to ensure you have the tools and support you need to thrive. Experience the difference that personalized, accessible banking can make in your business journey. https://lnkd.in/daRBZB7u #BusinessBanking #CommunityBanking