Use Cases

Planky writes

2 April 2024

Prevent fraud with instant Account Check – how to do it right

Do you know that 2022 ended with over 2.4 million reports of fraud with losses reaching $8.8 billion? Financial transactions have been moving from paper-based to digital platforms which require more and more robust security protocols. Therefore, companies need more comprehensive fraud prevention and security protocols to make sure their online transactions are fully protected and error-free. One of the best tools designed to enhance your security protocols is Account Check.

15 March 2023

How do lenders use open banking?

Over the last few years, Open Banking has been a buzzword in the financial industry, with many touting it as the future of banking. While the benefits to the customers are significant, Open Banking is also proving to be a game-changer for lenders. In this blog, we will take a look at how Open Banking is helping lenders.

7 March 2023

How to streamline reconciliation process with open banking

With Planky API, businesses can streamline their reconciliation process and save time and resources. By automating the reconciliation process, businesses can avoid errors and reduce the risk of non-compliance with accounting regulations.

2 December 2022

How to Migrate to Planky from Credit Kudos?

Planky is your number one alternative to Credit Kudos. A leading open banking provider, we offer all the open banking services you would have been enjoying with Credit Kudos

14 November 2022

Planky Open Banking Partner with Y3S Group!

As a mortgage broker, the Y3S Group knows that time is of the essence in getting customer mortgages approved as soon as possible. Indeed, their service proposition is based around speed including a one hour turnaround on a mortgage decision.

1 March 2021

FriendlyScore: Powering the Modern Credit Union

If you operate or work for a credit union (CU) you’ve likely heard of or are familiar with open banking, which enables members to quickly and securely share bank transaction data with a CU. And while it has proven to be a game-changer in the financial industry, your organisation may not yet be implementing it.

18 May 2020

Guardians of the Gamblers

In this article, we investigate how FriendlyScore can help betting companies safeguard their customers from gambling-related harm during the COVID-19 pandemic.

25 April 2020

The Missing Link: How FriendlyScore’s open banking solutions can fill a major gap in the government’s COVID-19 business relief scheme

As the UK’s COVID-19 lockdown enters its second month, and with no clear end in sight, small businesses are bearing an increasingly high financial burden. The government has responded in the form of their £330bn Coronavirus Business Interruption Loan Scheme (CBILS), but to date only £2.8bn of this has actually been disbursed. With current estimates predicting that one-fifth of all UK SMEs will close or fail by the end of June, time is of the essence.

17 April 2020

FinTech in the Time of COVID-19

With the global economy in a state of suspended animation due to the COVID-19 pandemic, financial services providers must pull out all the stops to ensure that individuals and small businesses suffering financial hardship are receiving appropriate support and assistance.

6 April 2020

Beyond the Credit Score. Open Banking solutions for thin file and other near-prime customers

Credit scores have long been the benchmark for determining whether or not you are eligible for credit. Credit scores also determine the quality of credit you will receive: a higher score generally translates to lower interest rates. Whilst it is easy to determine the eligibility of individuals at either end of the scoring spectrum, there exists a subset of customers in the middle known as “near-prime” for which things are less clear.

30 March 2020

Bad Debt Turned Good: How Open Banking Can Assist in Collections and Recoveries

Recovering bad debt has always been a tough ask. Each stage of the process, from tracking down debtors to formulating suitable repayment agreements, has the potential to spiral into a laborious, time-consuming exercise. But some tasks commonly undertaken by collections agents can now have the potential to be streamlined using Open Banking-based technologies, easing the burden for both agent and debtor.