Form3 is a FinTech that offers cloud-native payments technology.
It supports the industry New Payments Architecture initiative (NPA).
Lloyds will now be able to develop a Payments-as-a-Service platform.
What does this mean?
The bank hopes to improve customer experience by making payments processes more efficient. It will also take a stake in Form3 as part of the deal.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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