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Lloyds Banking Group to Pilot Invoice Financing Platform Offered by Santago Financial Solution
December 14, 2020 @ 9:51 pm By Omar Faridi
Lloyds Banking Group, a British retail and commercial bank with branches across England and Wales with around £436 billion in assets, is reportedly planning to run a 6-month trial or pilot of an invoice financing platform offered by
Satago Financial Solutions. If the testing period is successful, then Lloyds may offer a 5-year commercial contract to the financial services firm.
Satago Financial Solutions’ management states:
“Satago is a flexible invoice finance, debt chasing and risk insight platform that has been designed to help businesses get paid on time – every time. By providing invoice finance Satago bridges your cash flow gaps allowing you to focus on growing your business. Our automated debtor chaser and risk insight tools will help you significantly reduce your debtor days while saving time.”