Using Open Banking for customer loyalty
Flux is passionate about their mission to liberate the world’s item level receipt data. If you think about it though how insane is it that in the 21st century of fast contactless payments, the only way to keep a track of exactly what you buy in the physical world is via paper receipts.
What's the Open Banking use case?
With the explicit permission of the consumer, Flux is able to access and securely handle customer’s transaction information using Open Banking, allowing them to do things that weren’t possible at scale before like issue digital receipts via Flux’s transaction matching platform and deliver them straight back to mobile banking transaction views. Flux then also engages with retailers to enable them to offer more targeted rewards and loyalty, as long as customer has given that permission.