Pay-by-bank is superior to traditional card payments in many ways.
Open banking, a relatively new concept in finance, is rapidly gaining momentum. Previously, traditional banks held an exclusive monopoly over customer data. In Europe, this was ended in 2018 with the PSD2 regulation. It mandated banks to share information with licensed third-party providers, strictly with customer consent, of course. The data sharing happens via secure APIs, which act as a bridge between different software.
Open banking payments increase in adoption
The key benefit of open banking is its potential to improve online payment processing for customers and merchants. Open banking enabled the new payment method referred to at Noda as “pay-by-bank.” It’s an account-to-account (A2A) transaction without the involvement of card networks. Customers are redirected to their trusted bank’s interface and complete authorisation there. Only licensed PISP providers like Noda can offer this service.
Pay-by-bank is superior to traditional card payments in many ways. First, it offers a much quicker and smoother user experience (UX). Customers don’t need to manually enter their payment details, as they’re redirected to their bank’s app or website, depending on the device they use. This results in frictionless checkout and less cart abandonment.
Secondly, pay-by-bank payments are secure. Measures such as strong customer authentication (SCA), which requires verification by multiple factors, are a legal requirement. Plus, data sharing happens via regulated APIs rather than screen scraping.
Customers value convenience and safety, so this type of payment is becoming their favourite. According to Open Banking UK, 9.7 million payments were made in June 2023, a surge of 88% from 2022. There were further 10.8 million payments in August. Over 11% of British consumers are active users of open banking, and 17% of small businesses also adopt this innovative tool.
And this trend is likely to accelerate. Statista forecasts A2A payments to grow by 14% annually between 2023 and 2027. Currently classified as an alternative payment method, this will place pay-by-bank into the mainstream. Meanwhile, Juniper Research predicts open banking transactions to reach $330bn in value by 2027. That’s from $57bn in 2023, a total of 479% market growth.
Innovative potential of open banking data products
Yet payments are just the tip of the iceberg of open banking potential. There is a whole other field related to open banking data. In PSD2, third-party providers can also obtain an AISP license, which allows them to gather customer data from different sources and put it into a single interface. Think of budgeting apps that allow users to connect different bank accounts.
For businesses, this offers numerous opportunities and data products. For example, at Noda, we offer Know Your Whales (KYW), which is an analytics tool that provides customer insights. Merchants can use KYW to target clients of high lifetime value (LTV), improve client engagement, build re-marketing campaigns and develop personalised products.
Open banking tools can also be used for onboarding and compliance processes such as Know Your Clients (KYC). They enable instant data retrieval for client verification. At Noda, for example, we offer Pay & Go, which allows businesses to onboard their clients with non-ID upload and liveness detection. The solution covers onboarding, verification and the first deposit.
Open banking tools offer value in lending, too, allowing companies to quickly verify income, wealth and affordability. Lenders can minimise human error and avoid piles of physical documents, as the data is digitalised and gathered in one place.
Plus, this is beneficial for better financial inclusion. The use of near real-time financial data means that lenders take into account wider criteria than in traditional eligibility assessments. This means more people can get approved, potentially even those without a credit history.
Future of open banking
In future, open finance is a possibility. It’s the next step from open banking towards wider data transparency. In open finance, more financial institutions openly share information, including asset managers, investment funds, pensions, insurers, mortgage providers, and more. In fact, open finance is already a reality in Brazil. The country finalised implementation in 2023.
In the immediate future, open banking adoption will depend on regulation. PSD3, an update from the groundbreaking European regulation, will be finalised in 2024. It promises more standardised APIs and better security features. Meanwhile, in the US, the CFPB proposed a new regulation that will promote open banking. As open banking moves towards mainstream acceptance, its potential promises better payments, data products and greater financial inclusivity.
Open banking, a relatively new concept in finance, is rapidly gaining momentum. Previously, traditional banks held an exclusive monopoly over customer data. In Europe, this was ended in 2018 with the PSD2 regulation. It mandated banks to share information with licensed third-party providers, strictly with customer consent, of course. The data sharing happens via secure APIs, which act as a bridge between different software.
Open banking payments increase in adoption
The key benefit of open banking is its potential to improve online payment processing for customers and merchants. Open banking enabled the new payment method referred to at Noda as “pay-by-bank.” It’s an account-to-account (A2A) transaction without the involvement of card networks. Customers are redirected to their trusted bank’s interface and complete authorisation there. Only licensed PISP providers like Noda can offer this service.
Pay-by-bank is superior to traditional card payments in many ways. First, it offers a much quicker and smoother user experience (UX). Customers don’t need to manually enter their payment details, as they’re redirected to their bank’s app or website, depending on the device they use. This results in frictionless checkout and less cart abandonment.
Secondly, pay-by-bank payments are secure. Measures such as strong customer authentication (SCA), which requires verification by multiple factors, are a legal requirement. Plus, data sharing happens via regulated APIs rather than screen scraping.
Customers value convenience and safety, so this type of payment is becoming their favourite. According to Open Banking UK, 9.7 million payments were made in June 2023, a surge of 88% from 2022. There were further 10.8 million payments in August. Over 11% of British consumers are active users of open banking, and 17% of small businesses also adopt this innovative tool.
And this trend is likely to accelerate. Statista forecasts A2A payments to grow by 14% annually between 2023 and 2027. Currently classified as an alternative payment method, this will place pay-by-bank into the mainstream. Meanwhile, Juniper Research predicts open banking transactions to reach $330bn in value by 2027. That’s from $57bn in 2023, a total of 479% market growth.
Innovative potential of open banking data products
Yet payments are just the tip of the iceberg of open banking potential. There is a whole other field related to open banking data. In PSD2, third-party providers can also obtain an AISP license, which allows them to gather customer data from different sources and put it into a single interface. Think of budgeting apps that allow users to connect different bank accounts.
For businesses, this offers numerous opportunities and data products. For example, at Noda, we offer Know Your Whales (KYW), which is an analytics tool that provides customer insights. Merchants can use KYW to target clients of high lifetime value (LTV), improve client engagement, build re-marketing campaigns and develop personalised products.
Open banking tools can also be used for onboarding and compliance processes such as Know Your Clients (KYC). They enable instant data retrieval for client verification. At Noda, for example, we offer Pay & Go, which allows businesses to onboard their clients with non-ID upload and liveness detection. The solution covers onboarding, verification and the first deposit.
Open banking tools offer value in lending, too, allowing companies to quickly verify income, wealth and affordability. Lenders can minimise human error and avoid piles of physical documents, as the data is digitalised and gathered in one place.
Plus, this is beneficial for better financial inclusion. The use of near real-time financial data means that lenders take into account wider criteria than in traditional eligibility assessments. This means more people can get approved, potentially even those without a credit history.
Future of open banking
In future, open finance is a possibility. It’s the next step from open banking towards wider data transparency. In open finance, more financial institutions openly share information, including asset managers, investment funds, pensions, insurers, mortgage providers, and more. In fact, open finance is already a reality in Brazil. The country finalised implementation in 2023.
In the immediate future, open banking adoption will depend on regulation. PSD3, an update from the groundbreaking European regulation, will be finalised in 2024. It promises more standardised APIs and better security features. Meanwhile, in the US, the CFPB proposed a new regulation that will promote open banking. As open banking moves towards mainstream acceptance, its potential promises better payments, data products and greater financial inclusivity.
Beyond the Prompt: Solitics’ VP Product, Guy Shemer Exposes ‘Traditional’ AI Flaws and Reveals New Product: the AI Expert
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
