Virgin Money partners with Expend
UK based bank, Virgin Money has announced that it has partnered with the expense management platform, Expend which will add expense management services to its new business banking customers.
Virgin Money is transforming its business current account with its digital-first proposition that would offer services such as Expend to its business clients, as reported by a press note.
“Businesses want to be able to do tasks quicker and more effectively – and this expense management service is exactly the kind of help many of them need”, said Graeme Sands, Interim Head of Business Banking at Virgin Money.
According to the company’s website, its mortgages, personal loans, savings accounts and current accounts are provided by Clydesdale Bank PLC (trading as Virgin Money) which is authorised by Prudential Regulation Authority and regulated by the Financial Conduct Authority.
Adding further, Sands said, “Not only will it solve a core business pain point, but it will also enrich the data they have, giving an accurate view of their expenditure”.
Expend is aiming to close the gap between banking and accounting by simplifying payments and management for businesses.
Sign up here to receive a weekly round-up of the latest global commercial cards & payments news from CPI every Thursday.