Business blog articles

9th April 2024

How lenders can drive growth and efficiency with Modulr

Lenders, did you know you can get a lot more out of payments than you currently do? If you’re finding that processes are slow and you can’t offer the borrower experience you want, embedded payments can help, while driving growth and efficiency.

… with help from Modulr’s:


So, how does Modulr do it? Below we outline some of the typical obstacles faced by lenders today, before explaining how embedded payments unlock new opportunities for revenue and growth.

Lenders want to collect repayments i

Paybase Limited • 23rd February 2024

Paybase - The potential for financial crime within marketplaces and how to avoid it

Preventing financial crime is something all e-commerce firms need to be mindful of in today’s world. However, due to the way marketplaces operate, certain financial crime is particularly applicable to them. In this article, we discuss what can happen and how to best avoid it.

Financial crime represents a huge, multi-faceted challenge to our world today. A 2018 global report by Reuters estimated that \$1.45 trillion worth of turnover is lost as the result of financial crime, and a PwC investigat

Paybase Limited • 23rd February 2024

Paybase - With Simplified Due Diligence set to change, innovation-driven companies like Paybase may offer the best solution

At present, EU firms are able to use SDD on customers that are deemed to have a low enough level of risk associated to them. This allows firms to postpone verifying a customer’s identity until their level of risk changes (as they make updates to their customer information or use of product). Critically, SDD is currently not limited by a threshold of any kind for many EEA countries. There are no thresholds on transactions, topping-up eWallets, withdrawals or any other financial operations. As sta

OpenPayd • 8th February 2023

The odd couple: crypto and banking’s tricky relationship

Despite the crypto industry’s success, it has been underserved by traditional financial services. This may finally be changing.

When cryptocurrencies were first created, they were talked about as something entirely separate from the current financial system. Unregulated, decentralised – a new era where we could operate without banks and fiat currency altogether.

But this was never quite true. There has always been a need for an ‘interoperability’ between fiat and crypto; if you can’t make the

Paybase Limited • 5th December 2022

How do payments work for online marketplaces / gig / sharing economy platforms?

Choosing the right payments option can be the best early decision your business makes

If you are currently setting up your platform and are starting to think about payments, bear in mind, platform payments work differently than payments for more traditional ecommerce businesses.

For traditional ecommerce businesses, the payment flow is simple. Money is transferred from a buyer to a seller using a payment gateway and acquirer. We won’t walk you through the entire ‘four-party model’ (as it is kn

9th April 2024

Why accounting & payroll software providers should innovate to differentiate - and where they can do it most effectively

“To improve is to change, to be perfect is to change often” as Winston Churchill once said. In modern business, this concept is more generally understood as innovation – updating the way in which you do things or the capacity of your offering to simply be better.

That need to ‘be better’ couldn’t be more relevant than in competitive markets, where companies must have the best offering possible to survive. Innovation is continuously kept front-of-mind, with products and services seen as evolving

23rd February 2024

What SMEs need and expect from their online B2B payments | UNIPaaS Blog

Simply being able to accept B2B payments online is no longer enough. Businesses want more, and with the right payments provider, they can get it.

When businesses first gained the ability to accept payments online in the mid 90s, commerce changed. No matter the industry, no matter the location, a giant new pathway to growth had opened up.

Now, we see companies and even banks that are strictly digital, with global B2B eCommerce reaching a value of $14.9tr in 2020. So, we can assume that online p

OpenPayd • 27th October 2022

Cybersecurity: Lessons from to help you stay safe online

For National Cybersecurity Awareness Month, we asked Mariya, our Head of Platform and Security, for her advice on staying safe online.

October is National Cybersecurity Awareness Month and, naturally, it’s a topic that’s close to our hearts here at OpenPayd. It’s also an area that’s constantly changing; cybercrime moves quickly and we all need to be doing our bit to stay safe online.

To give her take on what we can all do to stay safe online, we asked our Head of Platform and Security Mariya,

1st September 2022

Wholesale Foreign Exchange: everything you need to know

Let’s start with oranges. Go to a shop and see how much a single orange is. Then, look at how much a bag of 10 oranges costs. You’ll see that the cost-per-orange is less for the bag than what you're paying for the individual orange.

Then, go a step further back and find the orange wholesaler who supplies the supermarket and ask them how much it would cost for 20 tonnes of oranges. Do the maths, and you’ll see the cost-per-orange is a tiny fraction of what you’re paying for one on its own.

This

23rd February 2024

In times of inflation spikes and felt recessions, an enhanced payment framework can be a business’s best tool | UNIPaaS Blog

Scaling back may seem like the most sensible option, but better tech will allow you to cut costs and add revenue simultaneously

The world’s economy is unquestionably going through a challenging period. Across the globe, inflation is rising and energy prices are contributing to a cost-of-living crisis for many different countries.

This is understandably troubling for businesses. They are tackling financial woes on two fronts: firstly, customers and potential customers will be more inclined to s

OpenPayd • 2nd August 2022

It’s gotta be instant: The future of global payments

Real-time payments will soon dominate global transactions. OpenPayd’s payment infrastructure is helping us get there.

Just ask Usain Bolt, Sir Lewis Hamilton or Michael Phelps. It’s all about speed.

Payments are no different. Everyone wants to get paid faster, and those sending funds don’t want to wait days for transactions to settle.

As an industry, we’ve made big strides in recent years to make payments not just fast, but instant. It’s a topic we’ve written about ourselves, with Faster Paym

OpenPayd • 4th February 2022

Beyond payments: the roadmap to embedded finance

Payments are just the starting point. With payments embedded into your products, you have a springboard from which you can layer in other financial services.

Big things never start big. McDonald’s was a single burger joint run by two brothers. Now it’s the world’s largest chain, with restaurants in 118 countries. Netflix was a service for renting DVDs via post. Now it’s a multi-national streaming platform which has changed the way films and television are made and experienced.

Amazon began as

23rd February 2024

Bridging the divide - how to have healthy disagreements during testing times

In recent years there has been much written about ‘divides’. The election of Donald Trump in the US and Brexit were both seen as two of the most divisive topics that the Western World has had to deal with in modern times.

The Coronavirus, and how we should best act at the moment, is arguably causing even more impassioned debates both online and at home, which can be explained by two main reasons. Firstly, this is about life and death. Brexit and the presidential election are both undoubtedly la

23rd February 2024

More than 1 in 10 people are carers. We need to shed more light on how they can get through this period

According to figures gathered before the coronavirus outbreak, there are an estimated 7 million informal carers in the UK. 1 in 10 people. Whilst the country is making its best efforts to contain the coronavirus as best it can, there remain to be millions of people up and down the UK that need to visit a friend or relative on a very regular basis.

What’s more, the number of informal carers will have significantly increased since the isolation period began. People may not realise it just yet, bu

23rd February 2024

When your life changes, it is tempting to jump into something new. Don’t.

A life change can be the perfect time to try something different, or at least try doing something differently. However, throwing yourself into something blindly can be fun, but short-lived.

When we think about our values, we’re able to split them into two groups: those we live by and those we hold. A value that we live by is something that often features in day-to-day life and relates to how we generally conduct ourselves. Having a strong work ethic. Being an active member of the community. Alw

9th April 2024

‘Tis the season to be mindful

The best way to make sure everyone is having a holly jolly Christmas is to appreciate that many of us may be dealing with issues that are difficult

“It’s the most wonderful time of the year” as Andy Williams routinely reminds us. For many of us, that’s true - the Christmas period is a time for eating, drinking, relaxing and generally having fun with friends and family.

However, this is not the case for everyone. For those struggling with their mental health, this can be a very stressful time o