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Executive Summary

Banked is a fintech company that provides a real-time payment platform connecting banks, businesses, and consumers. Their platform facilitates secure and efficient account-to-account payments, offering a cost-effective alternative to traditional card-based transactions. They streamline online checkouts, payouts, refunds, and recurring payments.

Industries

Financial TechnologyPaymentsOpen Banking

Major Markets

United Kingdom flagUnited Kingdom
Australia flagAustralia
Germany flagGermany

Key Competitors

Banked Top Products

Brand Positioning

Customer Sentiments

Banked Key Value Propositions

Real-Time Payments
Lower Transaction Fees
Seamless Integration
Enhanced Security

Banked SWOT Analysis

Strengths

Innovative real-time payment technology.

Strong focus on security and fraud prevention.

Partnerships with major banks and financial institutions.

Weaknesses

Relatively new entrant in a competitive market.

Limited brand awareness compared to established players.

Dependence on the adoption of open banking infrastructure.

Opportunities

Expansion into new geographic markets with high growth potential.

Development of new product offerings targeting specific business verticals.

Strategic partnerships with e-commerce platforms and payment gateways.

Threats

Increasing competition from both traditional financial institutions and fintech startups.

Regulatory changes and uncertainty surrounding open banking frameworks.

Security breaches or data privacy concerns could damage reputation and user trust.

Banked operates in the financial technology (Fintech) industry, specifically within the payments and open banking space. They specialize in account-to-account payments and offer solutions for businesses and banks.

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Banked Target Audience

View Details

Geographic Insights

Banked's primary market is the UK, followed by Australia due to their NAB partnership. They are also growing in other European markets like Germany and France.

Top Countries

United Kingdom flag

United Kingdom

45% market share

Australia flag

Australia

20% market share

Germany flag

Germany

10% market share

France flag

France

10% market share

Netherlands flag

Netherlands

5% market share

Banked Audience Segments

Banked targets businesses of all sizes that require a payment platform. This includes e-commerce businesses, bill payment services, charities and more. They operate in the UK and Europe and have partnership with NAB in Australia.

Social Media Usage Across Segments

Data shown in percentage (%) of usage across platforms

Recommended Marketing Strategiesfor Banked

Strategic Partnerships and Integrations

Collaborate with major banks, e-commerce platforms, and payment gateways to integrate Banked's solution into their systems, expanding reach and user base. This will increase adoption and brand visibility by tapping into existing customer networks.

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Content Marketing and Educational Campaigns

Create high-quality content showcasing the benefits of account-to-account payments for businesses, particularly highlighting cost savings and improved security. This will educate potential customers about the value proposition and drive conversions by demonstrating Banked's expertise.

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Targeted Advertising and User Acquisition

Utilize online advertising platforms to target businesses in relevant industries and regions, showcasing Banked's key features and benefits. This will generate qualified leads and drive user acquisition by reaching the right audience with tailored messaging.

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