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Goldring integrates with Smart Fintech for open banking payment initiation | Fintech InShorts: Latest fintech news, analysis by experts

Goldring integrates with Smart Fintech for open banking payment initiation

Goldring, an investment broker, has integrated SmartPay, an Open Banking payment initiation solution developed by Smart Fintech, into its platform. This integration provides efficient and cost-effective funding options for the trading accounts of approximately 1000 clients, benefiting both the broker and its investors.

Facts

  • Goldring integrates SmartPay, an Open Banking payment initiation solution developed by Smart Fintech, into its platform.
  • SmartPay simplifies and digitizes the process of fueling trading accounts, reducing time and eliminating human errors.
  • Commissions for transactions with SmartPay are as low as 10 euro cents, resulting in cost savings for both investors and Goldring.
  • The integration increases security and efficiency as transfers occur directly from the investor’s account to the broker’s collection account.
  • Investors can initiate top-ups from the Goldring platform, selecting the bank and authorizing the transfer, resulting in a fast and digitized payment experience.
  • Investors can instantly top up the Goldring collection account from various banks through SmartPay, without limitations on the transferred amount.
  • Goldring aims to integrate SmartPay’s Open Banking services in future projects to optimize transaction processes and provide innovative financial solutions to customers

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