account holds money needed for regular bills separately and tells customers exactly how much they have available to spend . This helps ensure that bills are paid on time , and gives users 24 / 7 visibility of their money situation , leading to improved credit scores and total peace of mind .
The thinkmoney account has proved very popular , but the company faced a conundrum . Positioned in between traditional banks and recent market entrants , thinkmoney has an opportunity to build on the advantages of both traditional brand heritage and recententrant agility , but it needed to innovate faster to consolidate its position , take advantage of the opportunities of open banking , and meet its customers ’ demand for fast banking services .
To solve this issue thinkmoney entered a partnership with OutSystems to create a digital factory enabling it to transform into a fully digital-first organisation . Using low-code rapid application development thinkmoney ’ s digital factory brings together business staff and developers to deliver features such as biometric authentication , a streamlined account opening process that onboards new customers in minutes ,
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