In an era of record speed, convenience and efficiency, open banking has become a force for change。But like all innovation, it comes with a unique set of challenges。THIS IS BANKY.The advantage of IO is that Banky is not only a banking solution, but also a pioneer in the open banking revolution.。

INTRODUCTION BANKY.IO

More than just an open bank, Banky is a comprehensive, instant online banking solution designed to expand and simplify the payment process for merchants and customers.。Banky has a global reputation for innovation and is committed to providing tailor-made solutions to meet the regulatory expectations and competitive challenges of each country.。

Banky holds an authoritative license from the Central Bank of Ireland and the Financial Conduct Authority (FCA), and is a recognized PISP (Payment Initiation Service Provider) and AISP (Account Information Service Provider).。These honors are not just titles, but a testament to the trust and reliability that Banky brings。

The Open Banking Conundrum

Consumer preferences: Discrepancies with payment preferences can lead to up to 9% cart abandonment rates。

Growing A2A preferences: Account-to-account (A2A) is booming, reaching up to 60% in some markets。

Card payment limit: the first swipe payment may require more than 100 entries。In addition, there are challenges such as bank card due payments and bank card limit limits。

Rising costs: Spending related to card and program fees is on the rise。

Settlement delays: Bank card payments can take 2-3 days to complete settlement, and acquirers often withhold funds。

Deduction Challenge: One deduction may cost you 2% of the original transaction amount.4 times。

Bank card fraud problem: The growing threat of bank card fraud and high management costs。

Banky Solutions

Seamless conversion: meets the growing preference for seamless transactions and avoids the hidden costs and inefficiencies of manual bank transfers。

User-friendly experience: Delivers an automated, mobile-optimized user experience that ensures fast user reflow with no card restrictions。

Low-fee transactions: Offers much lower fees than traditional bank card transactions, with very low transaction costs。

Quick settlement: no need to extend the settlement time and the receiving bank extension, each transaction is based on speed.。

Security and economy: Eliminate the worry of refunds, and each transaction is embedded with a powerful control system to ensure maximum security。

Excellent accessibility: no need to download or register, through the Banky website, experience instant withdrawal and worry-free payment, enjoy unprecedented convenience。

Simplified Payments: Payments can be made directly from a bank account, regardless of borders。Whether it's account-to-account or country-to-country, you can eliminate the tedious task of manually entering the payee's account or transaction details。

Conclusion

The promise of open banking is huge, and pioneers like Banky have really unleashed its potential.。As the financial industry continues to grow, consumers and businesses can rest easy, because with Banky, they can always be one step ahead and enjoy a seamless, safe and efficient banking experience。