Jan Plasberg’s background is in product and engineering, having been VP of engineering at Klarna.
This funding has been led by Praetura Ventures and Greater Manchester Combined Authority (GMCA).
Launched in June 2020, Payit has handled more than five million payments with an average transaction value of £200.
The partnership is live and in market whilst it’s already being used for P2P payments and investment platforms.
The committee believes that by working closely with industry and other key stakeholders, there is potential to build on the progress made to date in Open Banking
The collaboration with MX reflects CIBC’s continual commitment to innovation and ‘will enable modern, digital client experiences’.
Brew that coffee, dive right in and give us your opinion on the future of Variable Recurring Payments and Sweeping.
The announcement follows the Competition and Markets Authority (CMA) mandate that the UK’s nine largest banks must support VRP for sweeping by 31st July 2022.
Speakers from Equifax, AccountScore, Plend and Everyday Loans joined an Open Banking Expo live panel debate to discuss Consumer Duty, Open Banking and the rising cost of living.
The strategic collaboration demonstrates “the power of combining deeply local payments expertise with European scale”.
