Lloyds Bank collaborates with Blue Motor Finance Alara Basul

Jul 10, 2019 · uktech.news

Blues coo chris jones and cto charlie barker 002 898x505

Europe’s fastest growing company, Blue Motor Finance, has announced a new collaboration with Lloyds Bank Commercial Banking API Lab.

The new programme brings together Europe’s fastest growing fintech start-up and one of the UK’s largest banks. The two companies have a longstanding relationship and plan to build on this further, to bring instant payments to the car finance market for the first time.

Through the partnership, loans agreed between Blue and Lloyds Bank will now be processed in real-time, meaning that Blue’s customers can receive funds within just a few minutes.

Blue Motor Finance CTO, Charlie Barker said: The instant payments system is a landmark moment for Blue Motor Finance and for the entire car finance industry.

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