At the Open Banking Expo in London this October, the message was clear: open banking has moved beyond experimentation to become a proven model delivering billions in value. What began as a regulatory initiative has evolved into a global movement reshaping how businesses and consumers interact with money. The strongest themes from the event were the rapid adoption of Pay by Bank across multiple sectors, its growing role in high‑value transactions, and the momentum building toward a broader open banking ecosystem. Together, these developments highlight a future where payments are faster, more secure, and more customer‑centric.

Pay by Bank stood out as a powerful example of this shift, moving from niche to mainstream in industries such as automotive, hospitality, luxury retail, insurance, and sports. Businesses are embracing it for its speed, security, and lower costs, while customers value the seamless experience. Case studies ranged from a UK car retailer collecting £33 million in its first month to hospitality clients processing high‑value bookings and memberships worth tens of thousands. These examples underscore how open banking is creating tangible value today, while the next frontier—open banking—promises even deeper integration across pensions, insurance, mortgages, and investments, paving the way for a fully connected financial ecosystem.

We’re proud to announce that Prommt’s Pay by Bank solution has been named the Best Business Payments System – Payment Acceptance & Collection at the 2025 PayTech Excellence Awards! This recognition, judged by a panel of independent industry experts, highlights the strength of our platform, the dedication of our team, and the ongoing trust and support from our clients and partners. A heartfelt thank you to FinTech Futures for this honour, and congratulations to the entire Prommt team for continuing to lead the way in faster, safer payments!

MPE Awards 2025

We’re thrilled to share that Prommt has been selected as a finalist for “Best Use of Open Banking for Payments” at the MPE Awards 2025! Our Pay by Bank solution is transforming high-value payments, making transactions faster, smoother, and more cost-effective. Our clients achieve payment success rates of over 93%, and some have reduced card fees by as much as 88%.

Being recognised for our impact in the payments industry is a true testament to our team’s dedication and innovation. We look forward to the awards ceremony and wish the best of luck to all the incredible finalists in our category!