With nearly 70% of consumers considering switching their banking provider in favour of better technology and service it has never been more important to offer the best banking solution possible. This 5-part series delivers a weekly guide (audio and PDF) exploring how to build a world leading banking product.
Challenge accepted - but there are more than a few things you need to think about first.
Any idea is usually easier said than done, but with regulators to please, complex tech to master and an elaborate list of potential products, delivering world class banking products is one of the most demanding business challenges there is.
That’s why Modulr has put together this five-part guide explaining to how to do it.
Audio Guide and eBook
“Around-the-clock access to a real-time payments infrastructure is key to building any successful financial service. With Modulr, we not only have a partner we know and trust, but one who we can work with to launch new payment products with ease."
UX and DesignWeek 1
Regulations, the Ecosystem & You (+ BONUS)Week 2
Keeping up with Payments InnovationWeek 3
Products, Accounts and ServicesWeek 4
Many banks offer similar products and services to one another.
One way for new banking services to distinguish themselves from the crowd is by offering a user experience (UX) that is either more sophisticated, more intuitive or more streamlined than that offered by legacy institutions.
This chapter explores 10 areas for your design consideration.
A bank is a bank is a bank, right?
There are many stakeholders in the financial system. This seems logical, but it does mean it’s a complicated ecosystem to get your head around.
This Chapter lays out all the participants and relationships you need to get your banking services off the ground.
Hint: You may not even need a banking licence...
We are far beyond the days when physical assets were moved between banks.
Today, payments are overwhelmingly digital, and overwhelmingly an area ripe for innovative banking products.
This Chapter is dedicated to what we know best: The moving landscape that is the UK payments infrastructure.
What is a bank for?
What do customers expect to be offered from their bank?
Given recent technical developments in financial services, that question is in fact more complex than it has ever been – and there are more answers than ever before.
This Chapter lists the current products and services offered to consumers, as well as suggests how they can be improved.
A key consideration from day 1: How do you protect your customers' cash and information?
We're pleased to invite our security auditor, Advantio, to deep dive on the different categories of security and the key areas you need to focus on when choosing security partners.
Stay ahead of the competition, complete this form and you will receive Week 1: UX and UI, with a weekly delivery of the subsequent chapters.
Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system. Modulr’s new type of payment accounts are built for businesses that need a faster, easier and more reliable way to move money. Businesses can automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves. All managed in real-time, 24/7 from one API.
Modulr’s API makes it easy for businesses to streamline existing services, launch new products and scale more efficiently. Modulr Finance Limited (FRN: 900699) is registered with the Financial Conduct Authority as an EMD Agent of Modulr FS Limited (FRN 900573). Modulr FS Limited is an Authorised Electronic Money Institution, regulated by the Financial Conduct Authority.
For further information – please go to www.modulrfinance.com