Andrew Turner

The British Business Bank has agreed an ENABLE Guarantee transaction of up to £300m with Close Brothers Asset Finance, unlocking fresh lending capacity for smaller UK businesses. Find out more at: https://lnkd.in/e8a_CPzz #CloseBrothers #AssetFinance #BritishBusinessBank #ENABLEGuarantee #SMEFinance

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Big news 🥁🥁 Sending money just got even better 🚀 We’re excited to announce our partnership with Clear Junction to power faster, easier cross-border payments for enterprise businesses, now available through Swap, our currency exchange platform built in partnership with Wema Bank Plc. and Kadavra BDC. What does this mean for your business? ✅ Faster local and international transfers ✅ More competitive exchange rates ✅ Simplified USD, EUR, and GBP collections ✅ Seamless payments from Africa to the UK and Europe For enterprises that need speed, scale, and reliability, this partnership is transforming how money moves so you get better value, every single time. Visit www.flutterwave.com to get started today!

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Trustly x Virgin Media O2 🚀 A game-changing partnership in UK payments! We’re proud to announce a groundbreaking collaboration with Virgin Media O2 — marking an industry first in the UK as we bring the power of Open Banking and Pay by Bank to millions of their customers. Together, we’re setting a new standard for eCommerce and digital payments — making checkout experiences faster, more secure, and frictionless. 🎥 Don’t miss our exclusive video with Johan Tjärnberg, CEO of Trustly Group, and Abraham Georgakarakos, VP of Digital & eCommerce at Virgin Media O2 – sharing why this partnership is a milestone for both innovation and customer experience. This launch builds on strong momentum: ✅ Digital wallet payments rolled out for Virgin Media O2 contract customers ✅ A successful Open Banking pilot in 2024 ✅ And now — full-scale Pay-by-Bank payments, powered by Trustly We’re just getting started. Stay tuned — the future of payments is here.

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Open banking was covered widely at this week's Labour Party Conference, with widespread recognition of its critical role in powering UK economic growth and innovation. A standout moment was our Policy Director, Luke Ryder joining a fintech panel alongside Luke Charters MP, TrueLayer’s Megan Coulson, Financial Conduct Authority's Sacha Sadan, and Startup Coalition’s Charlie Mercer. The discussion explored: ✅ The journey OBL is supporting with industry and regulators to secure a long-term framework for open banking; ✅ How we can accelerate progress towards Open Finance to unlock benefits for consumers, businesses and the wider economy; ✅ The growing collaboration across the ecosystem to make this vision a reality. We were also pleased to participate in Innovate Finance and EY’s roundtable on Tech’s Plan for Change, where open banking was highlighted as a prime example of UK-led innovation. Attendees welcomed the move towards a sustainable, long-term model that supports the full ecosystem and enables continued growth. OBL remains committed to working with industry, policymakers, regulators, and consumer and business representatives to support this flourishing UK sector and ensure open banking continues to play a pivotal role in driving inclusive economic growth. #OpenBanking #OpenFinance #Innovation #FinTech #FutureOfFinance #Innovation #DigitalInnovation #TechInnovation The Labour Party

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Our Managing Director of Payments and Innovation, Jana Mackintosh, features in Finextra today discussing tokenised deposits. “Tokenised deposits offer the same security and familiarity of regular bank money, but with added features such as programmability - which in practice means better functionality, giving customers more control and security with their money.”   Read in full: https://lnkd.in/eTU-E9pW.   #UKFinance #Tokenisation #Payments 

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🚀 Accelerating the ambitions of UK smaller businesses Our Growth Guarantee Scheme has reached £2.5bn in total lending, enabling smaller businesses across the UK to invest, expand and thrive. 📍 69% of this lending has reached businesses outside London and the South East 📍 £270m+ has supported businesses in the North West alone 📍 Over £633m has been provided to companies under five years old Chancellor of the Exchequer Rt Hon Rachel Reeves said: "The Growth Guarantee Scheme has made a huge impact on our regional economies, helping smaller businesses across the UK to invest and grow, creating jobs and putting more money in people’s pockets." Launched in July 2024, Growth Guarantee Scheme can be accessed via accredited lenders and provides crucial financing through term loans, overdrafts, asset and invoice finance, supporting up to £2m per facility. 👉 Click through for the key highlights of this milestone. 

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