Today News Journal
    What's Hot

    Statue of Adam Goodes’s ‘iconic’ war cry unveiled by AFL club Sydney Swans | Adam Goodes

    May 26, 2023

    Hull KR talking points as old habits creep in but panic stations miles away

    May 26, 2023

    Kate Middleton citrine cocktail ring: Jewel shows ‘independence’

    May 26, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Today News Journal
    Contact Us
    • Home
    • Trending
    • Business
    • Health
    • Technology
      • Automobile
      • Gadgets
      • Mobiles
      • Robotics
    • Lifestyle
      • Culture
    • Sports
    • Travel
    • Editorials
    • News
      • Politics
    Today News Journal
    Home » Business » Disrupting Transactions, Minna Technologies Enables a 1-Click Revolution in Banking
    Business

    Disrupting Transactions, Minna Technologies Enables a 1-Click Revolution in Banking

    Nick WilsionBy Nick WilsionDecember 10, 2021No Comments4 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Minna Technologies subscription management technologies embedded into the banking environment
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Amazon revolutionized purchasing with “1-Click”. Now, Swedish Fintech Minna Technologies is bringing the ‘1-click’ experience to banks’ mobile applications, further showcasing the promise of open banking.

    Amazon invented the “1-Click” checkout, giving their customers the ability to make purchases on the web with just a click of a button. Today, it’s merely a swipe and we live in a world where digital, friction-less purchasing behavior is status-quo.

    Minna Technologies is empowering banking customers to manage their subscriptions just as easily. Its technology enables banking clients to manage their full subscription spend frictionlessly within the native banking app environment.

    Bringing the one-click to subscription management, Minna is making it as easy to manage as it is to buy subscriptions. It is as simple as View-Click-Remove, directly in the banking app.

    The subscription industry is worth 650 billion dollars and is predicted to grow to 1.5 trillion dollars in the next five years. By 2023, Gartner predicts that 75% of all B2C businesses will offer subscriptions and so the universe of transactions is only growing.

    While purchasing subscriptions is relatively frictionless- be it through an app store, over a website, or even directly in a physical location- managing the overall subscription payments remains disparate. Today, all payments originate from a bank account. Minna’s embedded banking technologies open the possibility for banks to ensure that where consumers pay is also where they manage subscriptions in a one-click, self-serve manner.

    By empowering consumers to manage their money through a transparent and action-based front end, they are less likely to seek bank support. From identification to the ‘stop payment’ of unwanted transactions, managing subscription transactions can be expensive for banks. From expensive call centers through to chargeback costs, releasing the burden of cost can support the bank’s bottom line.

    Tiama Hanson-Drury, Chief Product Officer of Minna notes: “A consumer today has an average of 12 subscriptions, with up to 4 to 5 potential touchpoints for each merchant. What started as frictionless, recurring payments has turned into a web of transactions. By working with banks, Minna is making subscription management ‘one-click within the native banking app, allowing consumers to manage where they pay.

    Christian Fjestad, Head of Innovation, SpareBank1 Østlandet says: ‘As a bank, we work hard to create awareness and help our customers understand and control their everyday finances. By embedding third-party solutions like subscription management from Minna in our banking app, we enable our clients to act directly on the insights we provide. Our ambition is to do more than just create awareness and overviews. We want to empower customers to go from insight to action directly – without having to leave our banking app. At the end of the day, real actions are what improve your personal financial wellness. Growing trends – like the subscription economy – makes it even more relevant to provide insight and services for consumers to manage the increasing number of automated purchases.

    Michael McFadgen, Partner at Element Ventures comments: ‘In a move toward a super-app, we think that innovation is most likely to happen around the current account driven by both incumbent banks and neobanks . That said, banks are still incredibly protective of the front-end digital experience and there’s still a preference to build versus buy. That is why what Minna is doing is so special. Very few other financial technology firms have been let into the crown jewels of the customer experience.

    About

    Minna Technologies <https://minnatechnologies.com/ >, the Swedish FinTech established in 2016, creating a problem-free subscription economy by providing genius infrastructure that empowers everyone. Partnering with top-tier banks across Europe and backed by some of the biggest financial companies in the world, currently, around 20 million people benefit from Minna’s subscription solutions.

    Source: Minna Technologies

    Related posts:

    1. Heidrick & Struggles Adds An Executive Search Consultant In Asia Pacific And The Middle East
    2. Two Thirds Of Organizations Still Use Manual Search For Compliance With Trade And Export Controls
    3. Gara Group Files Lawsuit Against Holista Colltech, Ltd., An Australia Limited Company, Igalen International, Inc. And Dr. Rajendran Manickavsagar
    4. Saudi Arabia’s first-ever Future Minerals Summit to showcase to the world the mining investment potential of countries across the Middle East, Central Asia
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleSingapore startup Affyn, a rising star in the Metaverse space, held 2 oversubscribed fundraising rounds, bringing the total amount raised to more than US$7 million
    Next Article UMKM EXPO(RT) BRILIANPRENEUR 2021: BRI Promotes the Digitalization of Indonesian MSMEs
    Nick Wilsion
    • Website

    Related Posts

    Affordable Office Furniture Options For Small Businesses

    May 18, 2023

    Why It Is Advised To Hire Underfloor Heating Specialists In London?

    May 1, 2023

    The Importance Of Air Quality Monitors In The UK

    April 6, 2023

    The Future Of Paper Bags: Trends And Innovations

    February 20, 2023

    Leave A Reply Cancel Reply

    Search
    Categories
    • Automobile
    • Business
    • Coronavirus
    • Culture
    • Editorials
    • Finance
    • Gadgets
    • Health
    • Lifestyle
    • Mobiles
    • Money
    • News
    • Politics
    • Sports
    • Technology
    • Travel
    • Trending
    • World
    Latest Posts

    Statue of Adam Goodes’s ‘iconic’ war cry unveiled by AFL club Sydney Swans | Adam Goodes

    May 26, 2023

    Hull KR talking points as old habits creep in but panic stations miles away

    May 26, 2023

    Kate Middleton citrine cocktail ring: Jewel shows ‘independence’

    May 26, 2023

    Recipe: Chef’s chicken chow mein is ‘just like a takeaway would do it’

    May 26, 2023
    • Facebook
    • Twitter
    Don't Miss

    Statue of Adam Goodes’s ‘iconic’ war cry unveiled by AFL club Sydney Swans | Adam Goodes

    By James MartinMay 26, 20230

    The Sydney Swans have unveiled a bronze sculpture of Indigenous superstar Adam Goodes out the…

    Hull KR talking points as old habits creep in but panic stations miles away

    May 26, 2023

    Kate Middleton citrine cocktail ring: Jewel shows ‘independence’

    May 26, 2023

    Recipe: Chef’s chicken chow mein is ‘just like a takeaway would do it’

    May 26, 2023
    • Facebook
    • Twitter
    About Us

    Hello friends, I am James Martin. Welcome to my blog todaynewsjournal.com. We are a team of experienced journalists who are passionate about delivering the latest news and current events to our readers. Our editorial team is dedicated to providing the most accurate and up-to-date information possible. We aim to be your go-to source for news and current events. Here on this site, You will get up to date information regarding all important categories like business ideas, health tips,... (Read More)

    Latest News

    Statue of Adam Goodes’s ‘iconic’ war cry unveiled by AFL club Sydney Swans | Adam Goodes

    May 26, 2023

    Hull KR talking points as old habits creep in but panic stations miles away

    May 26, 2023

    Kate Middleton citrine cocktail ring: Jewel shows ‘independence’

    May 26, 2023
    SIGN UP NEWSLETTER

    Join The Conversation sign up to receive emails for The Daily special tips general info.

      Facebook Twitter Instagram Pinterest
      • Home
      • Editorials
      • Get In Touch

      Copyright © 2021-2023 · Today News Journal Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.

      We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
      Cookie SettingsAccept All
      Manage consent

      Privacy Overview

      This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
      Necessary
      Always Enabled
      Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
      CookieDurationDescription
      cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
      cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
      cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
      cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
      cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
      viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
      Functional
      Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
      Performance
      Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
      Analytics
      Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
      Advertisement
      Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
      Others
      Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
      SAVE & ACCEPT

      Sign In or Register

      Welcome Back!

      Login to your account below.

      Lost password?