A survey of leading global banks by Icon Solutions has revealed that Request to Pay is widely expected to challenge established payment methods, with 87% of respondents viewing it as a good alternative to direct debits and 71% expecting it will reduce merchant’s dependency on payment cards. Yet 67% also identify bank readiness as the […]
Toolstation has announced that it is partnering with Ecospend, a leading UK provider of open banking technology, to become one of the largest ecommerce sites to adopt ‘pay-by-bank’ technology as a payment alternative. Ecospend’s Open Banking payments technology will allow Toolstation’s Trade Account customers to significantly improve their cashflow, while also providing flexible credit limits […]
Ecospend, the leading UK provider of Open Banking technology, has today announced that it is partnering with Contis, the leading pan European Banking-as-a-Service (BaaS) provider. Contis offers a range of BaaS products to its customers across a variety of sectors, including cloud-based, real-time accounts and payments solutions. By integrating Ecospend’s ‘pay-by-bank’ technology, Contis’ customers will […]
Impact Specialist Finance has announced that all their exclusive and semi-exclusive products can now be sourced on the intermediary product sourcing systems, MortgageBrain and Sourcing Brain. Impact’s packaging business is an award-winning, market-leading mortgage distributor and packager built on 30 years’ experience and a reputation for quality and service. They support brokers with all types of […]
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 […]
29/12/2021
Edition 296 – December 2021
Cash is freedom By Business Money group editor Robert Lefroy NACFB Gala Dinne...
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