Virgin Money has added a FinTech partner, Trade Ledger, to its new business banking proposition.
Trade Ledger specialises in data-driven technology.
Virgin Money aims to use Trade Ledger’s tech to deliver a more user-friendly experience for business customers.
Lending applications will be quicker and more efficient, as well as carrying a reduced risk.
What does this mean?
The partnership forms part of Virgin Money’s commitment to the Banking Competition Remedies (BCR) Capability and Innovation Fund, from which it was awarded £35mn in 2020.