{"id":316,"date":"2023-10-18T07:11:40","date_gmt":"2023-10-18T06:11:40","guid":{"rendered":"https:\/\/finance360promo.com\/?p=316"},"modified":"2023-10-18T07:11:40","modified_gmt":"2023-10-18T06:11:40","slug":"bny-mellon-unveils-bankify-a-cutting-edge-addition-to-its-portfolio","status":"publish","type":"post","link":"https:\/\/finance360promo.com\/index.php\/2023\/10\/18\/bny-mellon-unveils-bankify-a-cutting-edge-addition-to-its-portfolio\/","title":{"rendered":"BNY Mellon Unveils Bankify, A Cutting-Edge Addition to Its Portfolio"},"content":{"rendered":"\n
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The collaboration between BNY Mellon and Trustly to create an open banking payment solution with guaranteed settlement, known as Bankify, represents a significant advancement in the financial industry. Here are the key points to note:<\/p>\n\n\n\n

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  1. Smooth User Experience<\/strong>: Bankify is designed to provide a seamless and convenient user experience for making payments directly from consumers’ bank accounts. This simplifies the payment process for organizations and offers an alternative to traditional payment methods like credit cards and third-party payment platforms.<\/li>\n\n\n\n
  2. BNY Mellon’s Expertise<\/strong>: Bankify integrates BNY Mellon’s expertise in transaction payments. BNY Mellon is a renowned financial institution, and its involvement in this project lends credibility and financial acumen to the open banking solution.<\/li>\n\n\n\n
  3. Trustly’s Open Banking Capabilities<\/strong>: Trustly, a prominent player in open banking, contributes its capabilities to Bankify. Open banking allows for secure and direct access to banking data and transactions, enhancing the efficiency and security of payments.<\/li>\n\n\n\n
  4. Versatility<\/strong>: Bankify is not limited to a specific niche; it caters comprehensively to diverse payment needs. It offers simplicity, security, and choice, making it adaptable for various sectors within the financial industry.<\/li>\n\n\n\n
  5. Account Linking and Settlement Guarantee<\/strong>: Bankify offers account linking and settlement guarantee features, which are valuable in a range of scenarios. These features can benefit merchants seeking cost-effective payment processing, billers looking to modernize customer interactions and secure banking data sharing, or brokerage firms requiring guaranteed settlement for instant fund access.<\/li>\n\n\n\n
  6. Shared Dedication<\/strong>: The collaboration is driven by a shared dedication to advancing the payment industry and establishing a new standard for consumer and business payments based on open banking principles.<\/li>\n\n\n\n
  7. Broad Payment Scenarios<\/strong>: Bankify accommodates a wide range of consumer-to-business payment scenarios, including merchant payments, bill settlements, and funding of digital wallets or accounts.<\/li>\n<\/ol>\n\n\n\n

    Overall, Bankify represents a significant step forward in modern finance, making payment interactions more efficient, secure, and adaptable to the evolving needs of the financial industry and its customers.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The collaboration between BNY Mellon and Trustly to create an open banking payment solution with guaranteed settlement, known as Bankify, represents a significant advancement in the financial industry. Here are the key points to note: Overall, Bankify represents a significant step forward in modern finance, making payment interactions more efficient, secure, and adaptable to the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","footnotes":""},"categories":[13],"tags":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"digital-newspaper-featured":false,"digital-newspaper-list":false,"digital-newspaper-thumb":false,"digital-newspaper-small":false,"digital-newspaper-grid":false},"uagb_author_info":{"display_name":"finance360promo.com","author_link":"https:\/\/finance360promo.com\/index.php\/author\/finance360promo-com\/"},"uagb_comment_info":13,"uagb_excerpt":"The collaboration between BNY Mellon and Trustly to create an open banking payment solution with guaranteed settlement, known as Bankify, represents a significant advancement in the financial industry. Here are the key points to note: Overall, Bankify represents a significant step forward in modern finance, making payment interactions more efficient, secure, and adaptable to the...","_links":{"self":[{"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/posts\/316"}],"collection":[{"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/comments?post=316"}],"version-history":[{"count":0,"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/posts\/316\/revisions"}],"wp:attachment":[{"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/media?parent=316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/categories?post=316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance360promo.com\/index.php\/wp-json\/wp\/v2\/tags?post=316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}