Speed Could Drive Demand for Open Banking

Rising Demand Makes Faster Payments a Growing Necessity

Open banking’s adoption rate is still low, but with 70% of consumers saying faster payments drive greater satisfaction with their FIs, Boodil’s Harry Luscombe says a combination of instant payments and rewards could drive that change. Learn more in the “Money Mobility Tracker®,” a collaboration with Ingo Money.
Inside the April/May Tracker
  • Open banking rails in the U.K. are underutilized, says Boodil co-founder and CEO Harry Luscombe, and his company’s app is combining rewards and faster payments to increase customer engagement and adoption.
  • Instant disbursements reached a five-year high in the insurance industry last year, yet fewer insurers offered the option compared to the year before.
  • Those businesses adopting faster payments will have a competitive advantage, thanks to the customer satisfaction, revenue and operational efficiencies they bring.

Money Mobility

Money Mobility Tracker®: Top of Wallet: Digital Wallets' Ascent for Payments - and More
Money Mobility Tracker®: From Rent to Refunds: The Push for Faster Payments in Property Management
Money Mobility Tracker®: Protecting Accelerated Disbursements From Fraud
Money Mobility Tracker®: Payment Due: Billers’ Bid for Better Bill Pay
Money Mobility Tracker®: Peer Pressure: Balancing Convenience With Compliance in P2P Payments
Money Mobility Tracker®: Real Time Matters: The Imperative for Instant Disbursements for Insurance
Money Mobility Tracker®: Making the Grade: Promoting Faster Payments in Education
Money Mobility Tracker®: Sure Bet: Accelerating Gambling Payouts Makes Everyone a Winner
Money Mobility Tracker®: Under Construction: Improving Payments in the Construction Industry
Money Mobility Tracker®: Fast-Lane Finance: Accelerating Payments in the Trucking Industry
The Rise of Instant Payroll and Early-Access Compensation
The Healthcare Industry Needs a Dose of Money Mobility
How Instant Disbursements Could Drive Lenders' Growth
Inflation Makes Technology Table Stakes for Restaurants
Money Mobility Helps Property Managers in a Difficult Economy
Money Mobility Tracker®: Money Mobility Comes to the Insurance Industry
Casinos, Gambling And Gaming Platforms Bet On Instant Payments
The Rise Of Digital And Early Access Compensation
Innovating The Future Of Government Disbursements
How Seamless Fund Transfers Can Unlock $10 Trillion in Payments
Money Mobility Tracker® - August 2022
Money Mobility Tracker® - June/July 2022
Money Mobility Tracker® - May 2022
Money Mobility Tracker® - April 2022
Money Mobility Tracker® - March 2022