Empowering customers to leverage their financial data

Taking fuller control of their financial lives

6. Best New Innovation In Third Party Payment Initiation For Consumers

This award will go to the organisation that can demonstrate the use of innovative technology to streamline the third party payment process for consumers. Judges will be looking for evidence on whether consumers enjoyed the user experience, whether it displaces previous models of payment and whether the customer protections were well handled.

Below are your 5 qualifying questions:



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a. Please explain the process you went through to identify the consumer challenges (max 400 words)

b. Please explain how you developed your innovation using the market evidence  (max 250 words)

c. How did you use transactional data to influence your outcome? (max 350 words)

d. Please explain how your innovation has been, or will be, communicated to small business and what testing will be carried out to ensure it meets required needs (max 200 words)

e. What challenges did you meet during your implementation and what learnings will you carry forward, including what you would do differently if you had to do it all again?  (max 250 words)

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