David Weaver’s Post

Join our Tech Talk: How to create a digital relationship banking experience 👉🏾 As banking products and services continue to get disrupted and more commoditized, your relationships with your customers become more and more crucial in maintaining a competitive difference. 👉🏾 This session will explore how you can extend those relationships beyond your physical footprint and create a digital customer experience that not only meets your customer expectations but also makes your institution more efficient. FinXTech #FXT24 #FinTech Texas First Bank

🥊 Pay by Bank VS Cards! This is it. This is the final round--or at least the final round in our blog series. In this article, we're focusing on settlement time. Which one is faster? 🤔   Well, when powered through Trustly's #OpenBanking solutions, Pay by Bank can offer a better payment for merchants for several reasons, speed included. ✅ Cutting out the middlemen during payment processing (no interchange). ✅ Guaranteeing payments (thanks to our proprietary risk engine). ✅ Directly accessing instant payment rails like RTP and FedNow. So, who wins? Check out our blog and you decide! Link below ⬇ https://lnkd.in/etWpjARP

Discover how simple it is to use OpenBankVision (OBV) and leverage 90 days of categorised Open Banking data from 99% of UK banks. Whether you need a standalone solution or integration into your current platform, OBV offers an effortless way to assess customer affordability. 👉 Learn more about OBV, follow the link and ask us a question: https://lnkd.in/eR6jKCMq #FinTech #OpenBanking #FinancialInnovation #CreditRisk #OBV #LendingMetrics #ItsYourTime

🔔 It's official 🔔 The CFPB has released the final 1033 rule 📖. That means it's time to start embracing a new era of open banking. Discover our updated readiness guide, and how Plaid solutions can help with 1033 implementation: https://pla.id/1033-guide

One of the key values embedded finance delivers to fintechs is the ability to create POS apps that offer merchants and consumers innovative payment solutions not available through traditional methods. I use the Starbucks app as an example to illustrate this concept. The key for fintechs is partnering with POS platforms to leverage their APIs and deliver this value.

Next week, at The Clearing House's Annual Conference, Akoya CEO Paul LaRusso will join experts from Financial Data Exchange, PayPal, PNC, and FS Vector to discuss the Consumer Financial Protection Bureau's final 1033 rule. The conversation will range from Standards Setting Organizations and the scope of financial data sharing to implementation timelines and requirements. Don't miss out on this opportunity to find out what’s next for the future of Open Banking! #TCHAnnual #CFPB #Rule1033

💡 Not all Pay by Bank solutions are created equal... Early versions were clunky, with poor usability that left customers hesitant and merchants frustrated. We’ve spent 4 years creating a solution that goes above and beyond. 📖 Learn how here 👉 https://hubs.ly/Q02Z3gNk0 #PayByBank #OpenBanking #PaymentsInnovation #DigitalPayments #Rvvup

Tuesday's Advent calendar clip comes from Alex Wahlberg of Kreditz 🎄 For Alex, one of the big surprises of 2024 was how regulations drove demand for open banking. Mandated affordability in Denmark and the Netherlands is one example. In many cases, required checks are only possible with open banking. Leading a customer success team at an innovative, disruptive risk platform, Alex has seen a lot of changes. And he's convinced that open banking is creating a fairer, safer society. Don't miss his analysis and prediction! If you're just tuning in, this is our festive Advent calendar series 🎅 We've asked our colleagues, partners, and friends to share a short video with their best insights about open banking. Missed the previous Open Banking Advent calendar days? Watch them here: https://lnkd.in/d26YWG7H

Where to from here for Open banking and CDR? Only 0.3% customers active after 4 years, wow.(Wonder what the business cases for funding assumed) In the current environment of data privacy and fear of being scammed, combined with a clunky customer experience, it’s certainly going to be a challenge in terms of scaling customer adoption.

Ensure your payments always land safely — skip the mailbox and go digital. Just like choosing a direct flight for peace of mind, using MainStreet's Digtial Banking App to pay is the safer, faster route to secure transactions! #PracticeSafeChecks Buckle up and learn more at PracticeSafeChecks.com #MainStreetBank #ScamAlert #FraudPrevention #BewareOfScams #SecureBanking #GaurdYourInformation