The financial technology scene is abuzz with the news of Banked securing a substantial £1.5 million in seed funding. As a fresh face in the FinTech landscape, Banked is poised to reshape how businesses and individuals interact with their financial data. Their innovative approach aims to offer unprecedented control and personalisation.
Banked aims to transform financial data accessibility with tools designed to help banks offer more personalised and efficient services. Their platform connects bank account data to third-party applications, empowering users to make informed financial decisions and perform direct payments. This innovation allows individuals greater control over their financial lives, enhancing their financial well-being.
Banked’s first product is anticipated to launch in Q1 2019, with a Beta version already being tested. The company prioritises responding to evolving consumer demands, ensuring data security and privacy as top priorities.
He believes that the open banking movement worldwide is critical in facilitating partnerships between banks, developers, and consumers, securely maximising data benefits.
Their approach places users at the centre, providing tools to allow direct engagement with their financial information. This strategy enhances user experience and financial awareness, leading to better personal finance management.
By leveraging entrepreneurial talent and innovative technologies, Banked is on a promising path to redefine the financial data landscape, reinforcing their strategic vision and leadership.
The adaptability of Banked’s offerings to meet the diverse needs of both consumers and businesses will be crucial in its ongoing development and competitive positioning.
The company’s commitment to continuous improvement ensures that they remain at the forefront of technological advancement in the FinTech industry.
Banked’s journey to transform financial data usage is in its early stages, yet it holds promise for significant impact on the industry. With strong leadership and a consumer-focused approach, they are well-positioned to redefine how financial data is accessed and managed, delivering value to users.