Banking News

Virgin Money Boost Business Banking Offerings Through FinTech

Virgin Money Boost Business Banking Offerings Through FinTech

(4 May 2021 – United Kingdom) Virgin Money has made bold strides into Financial Technology (FinTech) with support by technology Trade Ledger.

Trade Ledger primarily helps banks and financial institutions make credit decisions using open banking data. Their platform analyse data and automates a large fragment of the lending process which consequently speeds up decision times.

The partnership will allow Virgin Money to deliver a quicker and more user-friendly experience for its business customers when applying for lending products.

“With its flexible architecture and ability to cater for the widest range of commercial lending products, our partnership with Trade Ledger complements our digital proposition and will help us to support customers more effectively” commented Virgin Money Group Business Director, Gavin Opperman

“We have seen first-hand the impact the Covid-19 pandemic has had on our business customers and we want to be able to support SMEs as they seek opportunities to recover and grow” he also added

“We’re thrilled to be working with the team at Virgin Money because they recognise the value in using data to reimagine working capital for the digital economy. Our partnership will help to get capital to the businesses who really need it at a critical time” Trade Ledger UK Managing Director, Roger Vincent

“Trade Ledger’s technology has been purpose-built to support banks and lenders who are looking to take the lead with data-driven lending product innovation and technology-led transformation” he also added

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