Prommt won “Innovative Banking Product Award” at the FS Awards 2024

Sneha Padavala

24th Oct 2024
Prommt won “Innovative Banking Product Award” at the FS Awards 2024

🏆 We’re on a winning streak! 🎉 🎊 Huge congratulations to Team Prommt for taking home the “Innovative Banking Product Award” at the FS Awards!🚀 A special shoutout to our fellow finalists, Revolut and An Post Money – competing against such esteemed brands makes this achievement even more meaningful for us!

This recognition follows our recent win for “Best Open Banking Payments Project” at the Open Banking Expo in London last week. It’s a fantastic testament to our team’s dedication and commitment to driving innovation and excellence in payments.

We attribute Pay by Bank’s success to our smart payment orchestration controls, which empower merchants to automatically present the most suitable payment method – whether bank or card – based on transaction value, type, or location. This dynamic approach boosts adoption, lowers costs for high-value transactions, and delivers a seamless payment journey. Optimising the payment options offered to customers is essential to driving both adoption and success in open banking payments.

With Pay by Bank, our clients enjoy a payment success rate of over 93%, and effectively mitigate risks such as card fraud, data breaches, and chargebacks. Some of our clients have reduced card fees by up to 88%. We’re thrilled to keep pushing the boundaries of innovation alongside Token.io, our licensed partner for Pay by Bank.

Want to dive deeper? Check out our latest client insights report on Pay by Bank here.

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