Tagged: lloyds bank

Satago, a Provider of Invoice Financing, Teams Up with Sage, Lloyds Bank

Satago, a provider of invoice financing and Lending as a Service software solutions, has signed a LOI “to enter into a three-way partnership with Sage and Lloyds Bank.” The partnership will formalize plans “to create an embedded finance solution within Sage, the leader in accounting,… Read More

Nearly 1 Million UK Consumers Checked Credit Score in April, Lloyds Bank Reveals

The United Kingdom’s cost of living crisis is leading to a considerable increase in consumers checking their credit score. This, according to a recent update from Lloyds Bank. Elyn Corfield, Managing Director Consumer Finance at Lloyds Bank said: “Almost 1 million people checked their credit… Read More

Lloyds Bank Updates Alfa Software for Asset Finance

Lloyds Bank has teamed up with software provider Alfa in order to make it simpler for clients to use asset finance to manage their working capital. Managing capital properly, ensuring the appropriate balance between funding growth, increasing stock, and retaining funds for financial resilience, is… Read More

Over 1M Subscriptions Stopped by Consumers as Households Feel the “Squeeze,” Lloyds Bank Reveals

More than 1.2 million subscription payments have reportedly been stopped since summer 2021, as tech puts customers in greater control of their spending, according to data from Lloyds Bank. As noted in a blog post, popular TV, film and music streaming services “made up almost… Read More

Lloyds Bank Signs Up its First Retailer for A2A Payments API in the UK

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

Lloyds Bank Commercial Banking to Use Mastercard Open Banking Merchant Payment Solution to Launch PayFrom Bank

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

Lloyds Bank to Shut Down 56 Branches, Cut 160 Jobs As Consumers Increasingly Using Digital Banking Services Following COVID-19 Outbreak

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to shut down 56 physical branch locations. The Lloyds Banking Group confirmed that it had been planning to close some of its… Read More

Qatar’s GDP Expected to Contract by 4.3% in 2020, but IMF Expects Recovery Next Year, Supported by Growing Fintech and Digital Economy

Qatar’s economy appears to be performing a lot better than other MENA region countries because it has launched many projects that have helped establish different types of businesses that generate significant revenue. Qatar has also managed to overcome the political tensions and has found new… Read More

Lloyds Bank to Acquire Minority Stake in Form3, a Cloud enabled Payments Technology Provider

Lloyds Bank, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, will be acquiring a minority stake in Form3, a cloud-powered payments technology provider. The acquisition is part of Lloyds’ plans to upgrade its legacy payments… Read More

Lloyds Bank Adds Subscription Management Service to App in Partnership with Minna Technologies, Visa

Lloyds Bank is in the process of incorporating a new subscription management service within its banking app, according to a release from the company. The new service will be provided in partnership with Minna Technologies and Visa. The subscription management service will enable users to… Read More

Lloyds Bank Joins Forces With Blockchain Platform Komgo to Speed up Commodities Trade Finance in the UK

Lloyds Bank announced on Wednesday it has formed a partnership with blockchain-based platform Komgo. Through the partnership, Lloyds Bank is seeking to enable quicker international commodity trade finance using distributed ledger technology (DLT). According to Lloyds Bank, Komgo digitizes and streamlines international trade and commodity… Read More

Lloyds Bank & Halifax Customers Now Able to Experience New Open Banking Feature on Mobile Banking App

Lloyds Bank announced last week that it and Halifax customers are now able to see their personal current accounts from different banks through the Lloyds Bank mobile banking app. According to Lloyds Bank, the new open bank feature now enables customers to safely and securely… Read More

Online Lender iwoca Connects with Lloyds Bank in Open Banking First

Online lender iwoca is reporting that it has successfully released Open Banking for all new customers with a Lloyds Bank account. iwoca says it is the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative,… Read More

Are Banks & Online Lenders Deadly Enemies? Not! Says Lloyds Bank Executive

Online lending platform ArchOver recently chatted up Andy Bishop, Head of Business Development for SME Lending at Lloyds Bank.  For perspective sake, Lloyds Bank has been in business since about 1765 (the Yanks were just a mere colony back then). ArchOver, a lending platform that… Read More

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