Fintech Belgium Summit 2018: Open Banking and API's - Western Union
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The document discusses open banking and how it can help businesses stay relevant by meeting evolving customer expectations around speed, control, and empowerment. Open banking involves connecting banks' customers to Western Union's global retail and digital payment network through application programming interfaces. This allows customers to pay into and out of their bank accounts directly, through mobile wallets, bill pay, and to receive funds across Western Union's vast global footprint and ecosystem of over 550,000 retail locations.
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Fintech Belgium Summit 2018: Open Banking and API's - Western Union
- 1. PLACEHOLDER COPY DO NOT CHANGE THE TEXT SIZE OR TYPE. MAKE SURE YOU ADHERE TO THE NEW BRAND STANDARDS. PLACEHOLDER COPY DO NOT CHANGE THE TEXT SIZE OR TYPE. MAKE SURE YOU ADHERE TO THE NEW BRAND STANDARDS. OPEN BANKING & APIs WILLIAM McMULLAN DIRECTOR FOR KEY ACCOUNTS AND PARTNERSHIPS, NORTHERN EUROPE Fintech Belgium Summit – October 22, 2018
- 2. • Expectation of speed • Expectation of control and empowerment • Ways for businesses to stay relevant Open banking, a response to evolving customer expectations
- 3. Open banking will connect banks’ customers to Western Union’s global retail and digital network
- 4. PAY OUT Licensing Distribution Branding / Marketing Funds Collection Risk FX / Settlement Payout Compliance PAY IN DIRECT TO A BANK ACCOUNT 70 COUNTRIES MOBILE WALLET 17 COUNTRIES BILL PAY THOUSANDS OF MERCHANTS MOBILE ONLINE BANK & CREDIT UNION 100+ RETAIL 550K+ LOCATIONS 200 COUNTRIES & TERRITORIES Open Banking: Leverage the Western Union Ecosystem RETAIL 550K+ LOCATIONS 200 COUNTRIES & TERRITORIES
- 5. Thank you!
- 6. Thank you!