The Trustly Blog

When I joined Trustly nearly nine years ago, I had never worked in fintech, or ever considered doing so. It was simply a corner of the programming field that wasn’t on my radar. I have since learned that in fintech, the business is fast-paced and the engineering is challenging in ways I never imagined it would be. The work we do and the code we write every day moves billions in funds around the world. A daunting and exciting thought for an engineer.

The desire for faster pay-ins and payouts isn’t limited to the payroll economy, industries across the country are experiencing an increased demand for faster, real-time payments as an after effect of COVID-19.

Digital payments have grown exponentially during the COVID-19 pandemic. However, with digital card payments come processing fees established by credit card companies. Many retailers are fighting back against the climbing rates and seeking out alternative payment options.

Mutually beneficial collaboration between FinTechs and banks help bring new services to consumers, empower their data ownership, and create long-term value. Learn about Trustly's latest partnership with Fifth Third Bank.

Last week, President Joe Biden issued an executive order that included a list of objectives across a plethora of industries intended to improve competition. It also represents a tremendous step forward for the Open Banking and Open Finance movement in the United States.