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The lending partnership will deploy new funding to around 4,000 small businesses and follows announcement that Funding Circle has been accredited under the British Business Bank’s Recovery Loan Scheme.
This year Amsterdam FinTech Week will be run as an online-only event, with special guests including Jan Ceyssens of the European Commission and De Nederlandsche Bank’s Steven Maijoor.
The UK fintech has been chosen to accelerate Banco Santander’s Open Banking programme.
The partnership, which is already live, will provide users of Wealthify’s app with ‘seamless’ payment initiation services.
As government-backed support in the form of CBILS and BBLS come to an end, Open Banking Expo brought together a panel of commercial lenders to discuss the future of SME lending.
The five-day hybrid event will gather senior decision makers from high street banks and fintechs to discuss global themes including banking as a service and financial inclusion, with keynote speaker Ron Kalifa.
HeyTrade, which launched in June 2020, will use Open Banking payments to provide instant account funding to users.
Todd Clyde said that Open Banking APIs have removed the barriers to access that meant account-to-account payments were seen as niche and alternative.
