Virgin Money Joins Forces With Trade Ledger For New Business Banking Proposition
Virgin Money announced on Thursday it has joined forces with Trade Ledger, a fintech specializes in data-driven lending technology, to build on its business banking proposition. According to Virgin Money, Trade Ledger is a tech provider for commercial banking and financial services. It supports banks by enabling lending products to be created.
Virgin Money further revealed that through the partnership Trade Ledger will allow it to deliver a “quicker and more user-friendly” experience for business customers applying for lending.
“By using Trade Ledger’s platform, which analyses data and automates a wide range of key lending processes, Virgin Money will be able to provide a quicker, more efficient service to its customers while reducing risk. The initial Trade Ledger products in scope for the Virgin Money Working Capital Health proposition include business term loans, asset finance and invoice finance.”