Trustly

🎙️ INTERVIEW: Oscar Berglund joins Qorus to talk about our revolutionary AI-powered subscription payments launch Oscar also tells the story of exactly how Trustly started back in 2008, and what's coming next for the company 👇🏼 Read more below:

Technology for the sake of technology doesn’t interest me. In fact, I would say I’m only interested in technology if it solves a customer problem. In the late 2000s, I noticed that iDEAL, a brand new payment method in The Netherlands, had emerged from nowhere to process 70% of the country’s online transactions within a few years of launching. It gave consumers an easy way to pay with their bank, and merchants an alternative to expensive card rails. Well, iDEAL is the first Open Banking Payments / Pay by Bank solution that achieved monster success. I knew then it was time to bring PayWithMyBank back to the U.S. – where I invented the model in 2000. But what problems does this Pay by Bank technology solve for consumers and merchants? ✅ Open Banking Payments are a new, “form free” user experience paradigm. Simple. No registration. No card, bank routing/account or billing form to complete. To pay, the consumer signs in to their online banking, from memory, without leaving the merchant’s site/app, chooses a checking or savings account, and confirms.   ✅ Open Banking Payments give merchants another payment acceptance option that delivers on “the 3 Cs”: Coverage (all banked consumers), Conversion (high approvals), Cost (lower than debit, with no chargebacks).  Adding it at checkout enables the merchant to increase revenue and decrease payment costs. ✅ Open Banking Payments give consumers and merchants peace of mind when it comes to security and fraud. The consumer must go through their bank’s strong authentication, i.e. username + password + one-time code sent to mobile today, which is progressively being replaced by the even simpler Face ID – much more robust than the 3 digits on the back of a card! These are only three problems that Open Banking Payments can solve for consumers and merchants. What are some other benefits? Let me know in the comments 👇

The World’s Top Fintech Companies 2024? We made the list again Thanks CNBC! The past year has proven a transformative one for our sector. In this climate, CNBC, together with market research firm Statista, has listed the top 250 fintechs globally:

If you were expecting a refund, insurance payout, etc., would you rather get paid instantly or wait several days? 🤔   Instantly, right? ⚡   No one likes waiting for their money. With #OpenBanking, businesses can offer instant payouts across industries, improving consumer experience and streamlining payments operations. Discover how in our latest blog! ⬇   https://lnkd.in/ej_RRDqt

📢 Another major brand adds our technology at the checkout! Today we’re proud to announce Lenovo is launching Trustly in the UK and Europe 💻 Angus Cormie, Head of eCommerce EMEA at Lenovo, told us: ‘We’re always looking for ways to transform our payment experience with innovative technology’ 👉🏽 More here: https://lnkd.in/e-mmZx9u

Fraud! ⚠ Seems like it's always looming around payments and personal info (spoiler: it is). That makes KYC mission-critical for businesses.   But how do you streamline KYC without cutting corners? 🤔 We've got the answer in our latest blog where we list 4️⃣ key ways businesses can optimize the KYC process using #OpenBanking. Link below! 👇 https://lnkd.in/eEzeM5dU

Our very own Matthew Janiga joined the Breaking Banks Fintech Podcast to talk about ALL of the pitfalls surrounding the Synapse collapse. Don't miss out on this fantastic episode! Link below 👇 https://lnkd.in/eZ46yi7d

🤔 Did you know that 82% of enterprise organizations consider their onboarding strategy a key driver of value? It’s clear that consumers want faster, easier onboarding. And businesses want to deliver a great experience. But how do you increase onboarding conversion without sacrificing quality, security, and regulatory compliance? The answer: #OpenBanking! ✅   With Open Banking APIs, you can use consumer-permissioned, bank-grade data to streamline your onboarding process, removing friction and reducing consumer churn. Read more in our latest blog! 👉 https://lnkd.in/erjN2sd7 #AccountLinking

We're very pleased to reveal that Gr4vy, Inc, a leading cloud-native payment orchestration platform, is extending its partnership with Trustly to launch in Europe Read more below to discover why this expansion offers greater flexibility and convenience to customers all over the world https://lnkd.in/eNTY4m8S

🇫🇷 Trustly XYZ Paris marked a historic day in payments 📢 We spent the evening with esteemed guests from Europe’s biggest companies at a legendary locale steeped in shopping history 🛒 Our Group CEO Johan Tjärnberg took to the stage and launched a transformative way to move money repeatedly between a business and the consumer. More here: https://lnkd.in/eU6cCP9W