Metro Bank has made deals with three FinTechs to boost its SME offering.
In Brief:
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Funding Options will help Metro to let firms it cannot finance compare their options from other providers.
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Conance will give Metro’s SME customers trade advice and specialist solutions.
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DueSil’s predictive intelligence will be deployed by Metro in 2020.
What does this mean?
As part of RBS’ bailout fund disbursement, Metro was awarded £120mn to help boost competition in the small business banking market. Therefore it must use the funds to help with this – and these three partnerships are the start.
