payments-101
Topic · 4 articles
Payments 101
3 key banking APIs for treasury
13 Mar 2023
In the last post, we explored banking APIs and how bank connectivity is key for a company to successfully scale. As corporate banking customer, there are a few different API types that will 10X your operations as a payments or treasury team. Here we will deep dive into what they are and how they will benefit your business. Payment Initiation API You want to pay your customers, suppliers and users in the most efficient way, but before leveraging a banking API payment operators often depend on
Payments 101
Buy vs build - what to do?
06 Mar 2023
It is a recurring question for any company scaling or expanding; to solve a problem should I buy some software or build it in house? It is a tough question that requires deliberation. Now we will run through the key factors you should consider, peppered with advice from experience of working in a range of companies. Be real about your requirements: Ask yourself what the biggest pain points are and just tackle those - building in house can result in project scope creep. Your problem might not b
Payments 101
Bank Connectivity - how banking APIs can save you money
28 Feb 2023
Bank connectivity in treasury terms refers to the ability of an organisation to connect and interact with its banking partners. This can include accessing bank account balances and transaction data in real-time, plus initiating and tracking payouts. Let's assume you found a fintech start up. You want to validate your idea quickly, starting with using a BaaS such as Modulr. This allows you to do bank transfers such as Faster Payments, BACs and CHAPs. As you grow you find Modulr is expensive bec
Engineering
Payments 101
From experiencing the problem, to building the solution: An engineer's point of view
23 Feb 2023
Finding Product Market Fit Companies form to solve a customer problem. Whether that is to innovate how loan finance happens or to disrupt the retail investing landscape. The primary focus of these startups is to prove they have Product Market Fit (PMF) early, rather than to engineer the optimal backend operation systems. Manual processes are frequent and acceptable, as the focus on the small engineering teams is to build what the customers directly interact with. After all, without customers u