FDATA North America’s Post

Sandbox Banking can now bring Plaid into your loan workflow. Automate authentication and funding all within your LOS and have that loan fully book-to-core? Yep. We can do that!

A continuation of the green bubble post — How America is Weird, Part 2! This one focused on the heavy reliance on credit and mature tech market here. "As it turns out, if you want to build and grow a super app offering digital finance, there's a surprisingly large advantage if much of your target market doesn’t yet have access to banking — especially if you can find a way to offer it to them." https://lnkd.in/gkfSz5ZQ

How important is identify verification to you in an online banking solution?

Last year, our team was involved in multiple projects within the Banking and FinTech industries across the globe. We helped our partners discover consumer insights, prototype new financial services and debit and credit products, and run usability tests of the super heavily loaded banking apps. We are happy to share one of the public recognition of our efforts and expertise! #CraftInnovations #fintech #banking #marketresearch

Why isn’t your business using real-time payments yet? Ever noticed how some businesses seem to operate in the future, leaving competitors eating their digital dust? It's not just about innovation. It's about making the right choices at the right times. Real-time payments (RTPs) are not a distant future or a passing trend. They're here, transforming the financial landscape as we know it. Big banks like JP Morgan, Citibank, and Wells Fargo have already boarded this train, moving money at the speed of light. What does this mean for your business? A lot. With RTPs, your transactions are completed in a blink. Your cash flow is smoother than ever. And your clients are impressed at your efficiency. This isn't about jumping on the bandwagon. It's about being where your clients expect you to be—in the lead. You might be thinking, "But not all banks are on board yet." True, and this is precisely why now is the golden moment for forward-thinking business owners. The adoption curve is still climbing, which means early adopters have the chance to stand out. Remember the transition to EMV chip credit cards? It seemed slow, but now, it's hard to find a card without a chip. Real-time payments are on a similar trajectory. So, what's holding you back? Don't wait for the future to arrive and wonder why you're lagging behind. Real-time payments are the present, and the question isn't "if" you should adopt them, but "how quickly." #PaymentProcessing #PaymentSolutions #RealTimePayments

🔓💳 #FinTech Insight: #OpenBanking gains momentum in the US! 🚀 Nearly half of US consumers are eager to embrace this payment method, with younger generations leading the charge! 💪 #GenZ and #Millennials show a whopping 66% willingness to use open banking for various transactions. But here's the twist: despite the hype, actual usage remains low. 😕 This spells huge growth potential, with 46% of consumers ready to hop on board for at least one product or service. Gen Z isn't holding back either, connecting their bank accounts to six different apps on average! 😲 The gap between interest and adoption? It's all about awareness and security concerns. 🛡️ Open banking, though promising, faces a dual challenge on the path to widespread usage. #PaymentTrends #FutureOfFinance 🌐💰

💵📲 Connecting to #fintech apps and services has become such a priority that 69% of Americans said they would “consider switching banks if my primary bank couldn’t connect to my financial accounts,” according to Plaid's Fintech Effect. Over 75% of Americans say it’s essential to be able to connect their bank accounts to digital finance apps and services. Here are a few examples of credit unions and banks across the country that are using open banking to meet consumers’ needs in the digital age. ⬇️ https://bit.ly/3H8X7YS

Supercharge Your Boring Old Debit Cards to Drive More Users, Usage ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ They may get treated like Rodney Dangerfield, but they deserve more respect. Debit cards get used by four out of five consumers no matter what else they carry in their wallet or on their mobile phone, says the research firm J.D. Power. With a better understanding of who the heaviest debit card users are and a little more marketing creativity, banks and credit unions can make their debit cards work harder as a way to attract new customers. Today, debit cards represent the usual starting point for fintech's offering transaction capabilities, typically relying on a banking-as-a-service connection. Some have graduated, or hope to, into offering credit cards as well. https://lnkd.in/d8sSRiED #payments #paymentsolutions #debitcard #fintech

📲💡 Curious about digital money? Patrick McKenzie, tech and finance expert, explains how modern financial systems work when you tap "pay" on your phone. Check out his insights on banks, digital wallets, and payment apps. #DigitalMoney #FinanceTech #PatrickMcKenzie

Discover the array of payment possibilities with Rapid Gateway! -Whether it's bank transfers, mobile wallets, QR codes, or cards, we've got the options to suit your needs. -Now you can streamline your transactions effortlessly! #paymentmethods #paymentoptions #onlinepayments #easypayment #onlinepaymentoptions #fintech #ecommerce #paymentgateway