Virgin Money has made a three-year deal with Trade Ledger.
In Brief:
This is based around delivering a digital decisioning platform.
It’s hoped Trade Ledger can help Virgin Money reduce loan application decision time from five days to 20 minutes.
Trade Ledger can support this by aggregating application, accounting and business credit data.
What does this mean?
Virgin Money says that not only will the relationship help improve digital experiences for its customers, but it will also mean its relationship managers can focus more on “supporting customers where it’s most needed”.
