OneBanks, the future of high street banking, has announced a global partnership with open banking pioneer Nuapay, a Sentenial company, as part of its ambition to bring back human banking and accelerate financial inclusion.
A new concept in retail banking, OneBanks will provide a fully-manned, accessible kiosk in retail locations with limited or no banking facilities. The offering is anchored in ground-breaking technology and open-banking.
Effective immediately, OneBanks and Nuapay will deliver the future of payments reliably and securely – helping people to learn to trust digital payments by using simple, straightforward and reliable solutions for their everyday banking. People will be able to decide for themselves what they want to do and how they want to do it: cash, card, contactless, mobile, digital.
OneBanks and Nuapay are working to launch the human banking pilot by the end of 2020.
Explains OneBanks founder & CEO, Duncan Cockburn: “Both fast-growth businesses, Nuapay and OneBanks share a vision to accelerate financial inclusion – making sure that no-one is left behind. We will be providing everyday banking to people and SMEs in communities where high street banks no longer have the locations they would like. Nuapay is a remarkable future-facing company and we have many joint developments on the horizon.”
Comments Sentenial Chief Commercial Officer, Brian Hanrahan: “OneBanks is a remarkable new Fintech harnessing the possibilities unleashed by open banking and real-time payments to create a compelling service with positive social outcomes. We are delighted that they have chosen to build their business on top of the Nuapay platform and we look forward to a ground-breaking partnership.”
Duncan Cockburn adds: “The last few months have seen a radical change in the world as we know it, and it’s no surprise people are drawn towards brands that listen to their new wants and needs. OneBanks wants to be a part of this new world and is using new, advanced technology to do something a little old fashioned: bring banking back to people.”
This is the first in a series of partnerships set to be announced by OneBanks.
OneBanks is bringing radical change to banking by bringing back human banking. Driven by a desire for financial inclusion for all and inspired by the concept of open banking, founder and CEO Duncan Cockburn recognised opportunities to return face to face human banking to communities. His vision was confirmed by the growing closure of high street banks, and, its impact on people and businesses dependent on local banking facilities.
Within 12 months, Duncan has taken OneBanks from simple concept to the organisation it is today with a clear strategy, strong team and the operational capability to be ready to implement its first kiosk. He has built a bank agnostic platform, where people can access all their bank accounts in one place, developed ground-breaking security technology, created a branded kiosk to sit in towns and villages where banks no longer have the locations they would wish for, and gathered a world-class leadership team. He is in negotiation with all UK banks, and set to announce a series of partnerships.