Hargreaves Lansdown has chosen financial technology provider Bottomline to help support its cloud-first payments strategy.
The investment and asset management firm will use Bottomline’s cloud-based business payments platform Bottomline PTX as part of the company’s wider digital transformation strategy.
The technology will be used to receive funds from Hargreaves Lansdown clients and distribute funds to them.
Hargreaves Lansdown is one of the UK’s largest platforms for private investors, looking after £141.2 billion of savings and investments on behalf of 1.7 million clients.
David Espley, Chief Technology Officer, Hargreaves Lansdown said: “Bottomline’s payment system is an important part of our investment into our digital backbone, which gives us access to infinite scale by harnessing the power of the cloud.”
Paul Fannon, managing director of global Business Solutions at Bottomline said: “Bottomline connects its customers with their customers smartly, simply and securely across the life of payments and cash.”
“We deliver that by innovating our payments solutions to include functionality such as Open Banking, Confirmation of Payee (CoP) fraud prevention measures, Request to Pay, and Enhanced Data, making the exchange of money easy.”
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