U.S. Open Banking

U.S. Open Banking

Report: Insurers Tap Open Banking To Keep Payments Process Seamless

Consumer expectations for the processing and payment of insurance claims are just as high as they are for other transactions, regardless of the increased complexity they carry. In the latest U.S. Open Banking Tracker, a PYMNTS and Endava collaboration, Adriana Hastings, treasury management director for Huntington Bank, explains how open banking is allowing businesses and insurers to meet consumers’ evolving expectations.

Inside The August Tracker

  • An interview with Adriana Hastings, treasury management director for Huntington Bank, on how banks and insurers can leverage open banking tools to smooth payment frictions and meet consumers’ changing expectations
  • The latest open banking headlines, including why 41 percent of consumers want more personalized banking experiences and why SMBs collectively represent a $370 billion opportunity for U.S. banks
  • A Deep Dive analyzing how open banking could help aid insurers’ digitization efforts as well as the impediments that may be holding them back from adopting such tools

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    U.S. Open Banking