Virgin Money has
announced a new strategic FinTech partnership with Glasgow-based Redspire, to support the
development of its digital proposition for the new Virgin Money
Business current account.
Redspire is a Microsoft Gold Partner for Cloud Business
Applications and will support the development of new digital
solutions, as part of Virgin Money's commitment to the recent £35m
award from the Banking Competition Remedies (BCR) Capability
and Innovation Fund.
Glasgow headquartered Virgin Money has created a 'Working
Capital Health' proposition, which will transform its existing
business current account offering into a financial wellness tracker
for SMEs and combine dynamic views across an SME's working capital
cycle, with a set of working capital solutions, all backed up by
proactive relationship management and a unique ecosystem of
capability partners.
The launch of Virgin Money Business in early 2021 will mark the
arrival of the Virgin brand into the business current account
market for the first time.
Redspire specialises in customer engagement and
intelligence platform integration and solutions. They work
collaboratively with organisations to drive future-proofing digital
transformation, improved processes and help businesses to
understand and engage with teams, customers, clients and
partners.