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.”
Latest News
-
Klarna ‘slows down AI adoption’ after workforce cuts
-
Coinbase to acquire Deribit for $2.9bn
-
Citigroup to face $1bn lawsuit over Mexican oil company fraud
-
HSBC launches tariffs financing tool for US customers
-
Stripe launches ‘world’s first’ AI foundation model for payments
-
New PSR managing director to play key role in consolidation with FCA
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories