National Seniors Australia’s Post

With Australia coming up to the 4th birthday of #openbanking, it's a good time to take stock of where we are now, and where we are going next. We have the legislation, the rules and the data standards. We have hundreds of participants as data holders and data recipients, including around 135 fintechs who are #CDR Representatives offering a wide range of uses cases such as financial hardship, chasing late payments, sole trader bookkeeping, budgeting for bill payments, saving up a home loan deposit, stock market investing, intergenerational wealth, rewards, personal and mortgage lending, ethical investing, carbon tracking, comparisons, and more. We know what's working and what needs tweaking. But we have no way of knowing how many consumers are actually using their #ConsumerDataRight! 😓 “It would be incredibly helpful for the ecosystem to understand how many Australians are using the consumer data right, so we can develop success metrics,” said Brenton Charnley, Mastercard’s head of open banking in Australia and NZ and Open Finance ANZ's co-founder. More commentary in today's article by James Eyers reporting for The Australian Financial Review (gift link - no paywall): #openfinance #opendata #fintech Anthony Fitzgerald Rehan Mark D'Almeida Mastercard Open Banking

I AM sorry if I haven't shared this message enough or in the correct ways to encourage you to take a closer look👀🧐 A very special lifetime offer ends this month and guess what, you can now even keep your current credit or debit card and connect it to our brilliant ecosystem within our social banking platform💫 Have you ever wondered how you could get a piece of all those interchange fees that banks receive every time you swipe your card?🤔🦋💰🦋 2024 is the year of massive paradigm shifts in the world of banking and major technological advancements. Everyone has the opportunity to ride the wave and benefit massively from both. We are moving into a very intense time of change, that for many, can also be the beginning of a GOLDEN AGE💰 for those who pay attention and position themselves behind trends that help humanity instead of harm. Are you ready to learn more about how you can help yourself and others during the biggest wealth transfer that humankind has ever experienced?🤔😃 Drop an emoji to learn more about this limited time offer👇 Believe me, you wanna KNOW more😉 #paradigmshift #socialbanking #helpinghumanity #EMBRACEwhoYOUare #itsAlwaysNOW #SHOWUPandletyourselfBESEEN #GoldenAge

The ultimate showdown! Equity Bank Mobile and DTB M24/7 users, have you voted? 👀 To vote for your favorite mobile banking platform, please visit:https://lnkd.in/d3YpKFAs Three intense rounds, eight Tier One mobile banking platforms, and now, only two contenders remain. Equity Bank Limited's Equity Bank Mobile and Diamond Trust Bank's DTB M24/7 have battled their way through every round, and it's all come down to this. Who will be crowned the Face-Off Champion? 🏆 Your vote decides! The more people who participate, the more accurate and impactful the results will be. So do share the poll with your network! Together, we can crown the ultimate Tier 1 Mobile Banking App champion. Please note that these polls represent the opinions of the voters participating and do not entirely reflect Kenya's perspective on the banking apps. #MobileBanking #EquityMobileVsMCoopCash #SecureBanking #UserExperience #DataPrivacy #CustomerSupport #faceoff #EquityMobil #DTBM24/7 #EquityBank #DTB

*New report* “There are fewer and fewer holdouts when it comes to utilizing non-banks for payment needs,” says Chris McDonnell, Head of Community, Commercial and Digital Banking Analytics at Coalition Greenwich. “More than half of companies not including these companies today in their basket of service providers say they will make the switch soon.” The most popular non-bank digital payment platform in the U.S. is PayPal and is used by 53% of small businesses and midsize companies. The next most utilized non-bank providers are American Express and Square. “Over the past 12 months, companies have started paying much more attention to things like integration between the provider’s platforms and their own systems, and easy-to-use interfaces,” says Amos Welder, CFA, Relationship Director at Coalition Greenwich. “As digital payments is now a standard part of everyday business, companies will gravitate toward platforms that provide the best and most seamless experience.”https://lnkd.in/e8ij3_72

Although overall satisfaction with national banks slightly improved, higher deposit interest rates at other financial institutions are driving customers to investment/wealth management and internet-only financial services providers, according to the J.D. Power 2023 U.S. National Banking Satisfaction Study What’s the key to keeping customers satisfied at national banks? “Customers want banks to help them grow their money and save them time,” said Paul McAdam, senior director of banking and payments intelligence at J.D. Power. “Banks that ensure the banking process is easy for their customers, such as having an intuitive and easy-to-use mobile app, understandable credit cards and seamless processes for opening new accounts, are more likely to retain deposits, particularly among customers who have balances greater than $10,000.” Learn more 👉🏻 https://hubs.la/Q02d5b6p0 #JDPower #Banking #Banks #FinancialServices

With so many options today, finding the right bank can feel overwhelming. It's no longer just about location anymore. How many times do you visit a branch these days? Probably not as often as before. Think about your banking habits. Do you need a simple checking account? Or are you looking for high-yield savings options? Understanding what you need will narrow down your choices. For the average consumer, banks that offer a mix of accessible ATMs, user-friendly apps, and low fees are typically ideal. Did you know over 58% of Americans prefer mobile banking now? 74% of us also cite fees as the most important factor when choosing a bank (Source: Finance Yahoo). Choose one that fits your lifestyle and needs. What's your primary concern when it comes to selecting a bank? #Banking #Finance #ConsumerTrends #IndustryInsights

Congratulations to Equity Bank Mobile and DTB M24/7 for making it to the Final Round! A huge thank you to everyone who has participated so far. The moment we've all been waiting for is here – the ultimate showdown! 💥 Three intense rounds, eight Tier One mobile banking platforms, and now, only two contenders remain. Equity Bank Limited's Equity Bank Mobile and Diamond Trust Bank's DTB M24/7 have battled their way through every round, and it's all come down to this. Who will be crowned the Face-Off Champion? 🏆 Your vote decides! To vote for your favorite mobile banking platform, please visit:https://lnkd.in/d3YpKFAs The more people who participate, the more accurate and impactful the results will be. So do share the poll with your network! Together, we can crown the ultimate Tier 1 Mobile Banking App champion. Please note that these polls represent the opinions of the voters participating and do not entirely reflect Kenya's perspective on the banking apps. May the best app win! #MobileBanking #EquityMobileVsMCoopCash #SecureBanking #UserExperience #DataPrivacy #CustomerSupport #faceoff #EquityMobile #DTBM24/7 #EquityBank #DTB Here's the flow chart to track the banking apps' progress:

Although overall satisfaction with national banks slightly improved, higher deposit interest rates at other financial institutions are driving customers to investment/wealth management and internet-only financial services providers, according to the J.D. Power 2023 U.S. National Banking Satisfaction Study. What’s the key to keeping customers satisfied at national banks? “Customers want banks to help them grow their money and save them time,” said Paul McAdam, senior director of banking and payments intelligence at J.D. Power. “Banks that ensure the banking process is easy for their customers, such as having an intuitive and easy-to-use mobile app, understandable credit cards and seamless processes for opening new accounts, are more likely to retain deposits, particularly among customers who have balances greater than $10,000.” Learn more 👉🏻 https://hubs.la/Q02d4Y9c0 #JDPower #Banking #Banks #FinancialServices

Are you traveling for the holidays? If so, be sure to set travel alerts for your debit cards to ensure you will have access to your money while you visit friends and loved ones! It's super easy with our convenient online and mobile banking. Simply locate the card management tile, click the airplane icon, enter your destination and dates, confirm the card you want the alert on, and save. #KSBank #KSDifference #CommunityBank #BankLocal

Although overall satisfaction with national banks slightly improved, higher deposit interest rates at other financial institutions are driving customers to investment/wealth management and internet-only financial services providers, according to the J.D. Power 2023 U.S. National Banking Satisfaction Study. What’s the key to keeping customers satisfied at national banks?  “Customers want banks to help them grow their money and save them time,” said Paul McAdam, senior director of banking and payments intelligence at J.D. Power. “Banks that ensure the banking process is easy for their customers, such as having an intuitive and easy-to-use mobile app, understandable credit cards and seamless processes for opening new accounts, are more likely to retain deposits, particularly among customers who have balances greater than $10,000.” Learn more 👉🏻 https://hubs.la/Q02d4Y9c0 #JDPower #Banking #Banks #FinancialServices