FinTech Alliance company Contis has launched a “carer banking” programme amid Covid-19.
Contis Cares will develop long term solutions to support the most vulnerable in society.
Carer Banking will allow nominated carers to safely purchase goods on behalf of others.
The solution is available to banks, building societies and other institutions – Contis serves around 150 of these clients.
What does this mean?
FinTech solutions have been fast-tracked due to necessity since lockdown – and for vulnerable people this necessity will continue for an even longer time to come. While Starling and NatWest have also introduced Carer solutions, Contis says its solution is different because it requires no physical contact (like posting a card), and physical cards can be connected to a virtual card for online and mobile payments so carers can use them instantly.