Metro Bank has made deals with three FinTechs to boost its SME offering.
Funding Options will help Metro to let firms it cannot finance compare their options from other providers.
Conance will give Metro’s SME customers trade advice and specialist solutions.
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.