Following an announcement from HMRC in December, Ecospend can confirm it has initiated £2.4bn worth of open banking transactions through its ‘pay by bank’ services across its client portfolio. Ecospend’s open banking technology allows customers to bypass manual data input when carrying out online payments. As a result, customers can make instant payments directly from […]
Virgin Money is proud to announce a new fintech partnership with Expend, adding an expense management service to its new business banking proposition. The bank’s offering to business current account customers is being transformed with its improved digital-first proposition, that will offer services – such as Expend – to help customers run their businesses successfully. […]
Specialist asset-based lender Ultimate Finance has strengthened its relationship with HSBC extending their asset finance wholesale funding facility of £60m, which gives the lender greater flexibility to increase the number of SMEs they can support through their asset finance product. The facility increases Ultimate Finance’s growth capacity and has been secured on the back of […]
A new independent survey of more than 250 UK banking and financial services companies has revealed how recent technology trends have influenced their long-term strategies: The majority (60%) have launched a new digital product over the past 12 months in response to increased demand for fintech Eco-conscious tools (69%), banking-as-a-service (BaaS) solutions (58%) and embedded finance […]
NatWest Group and SurePay have partnered to introduce Confirmation of Payee (CoP) for HM Revenue and Customs (HMRC), using a direct access Application Programming Interface (API), to allow HMRC to dynamically check high volumes of outbound payee details to help prevent fraudulent and misdirected payments. This improves efficiency by ensuring the recipient payee’s details match […]
The Launch of the UK’s first Islamic finance compliant, peer-to-peer investment platform is set to provide fresh investment and real estate financing opportunities to communities, who have historically had a lack of financial products available. Nester aims to do this in a transparent, competitive, and timely manner. Nester has two core offerings, an investment product […]
Payment orchestration provider BR-DGE has formed a strategic partnership with market-leading Open Data and payments platform Moneyhub to accelerate the use of Open Banking payments to provide a new seamless digital way to pay. BR-DGE will integrate Moneyhub’s Open Banking technology into its platform, which acts as a single point of integration for a world […]
Further to significant inward investment, including a major rebrand, several key partnership announcements, a landmark deal with cryptocurrency exchange Coinbase, and the and the completion of agreements with several card acquirers – Monneo continues to go from strength to strength. In addition, the entirely self-funded business has recently opened a new office in Sofia, Bulgaria, […]
receeve, the innovation leader in collections & recovery technology, is proud to announce our newest customer, ABN AMRO, the third-largest bank in the Netherlands. Amsterdam-based ABN AMRO selected receeve’s cloud-native, all-in-one platform to future-proof experiences for its most vulnerable customers and support strategy execution across international markets. Additionally, receeve and ABN AMRO Ventures are announcing […]
Global payments company, Elavon, has partnered with Liberis, a global leader in providing embedded finance solutions, to offer funding for small-to-medium-sized enterprises (SME) in the UK. Through the partnership, Elavon’s SME customers will be able to apply for Liberis’ business cash advance for personalised and convenient financing based on their projected sales. Funding decisions can be made in […]
