In today’s top news in digital-first banking, Revolut is introducing a new function in the U.K. that will offer access to direct deposits a day early, while SWIFT is rolling out a new offering for live international payments and transfers called gpi Instant. Plus, Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering.
Revolut Customers Get Access to Early Payday Option
Revolut is debuting a new function in the U.K. that will provide access to direct deposits a day early for its over three million clients. The newest benefit will be fueled by the Modulr payments platform. “Early access to salaries could be a genuine lifeline for many during these tough economic times,” Revolut Founder and CEO Nik Storonsky said in a statement.
SWIFT gpi Instant Goes Live in the UK
SWIFT, which is based in Belgium, is debuting a new offering for live international payments and transfers named gpi Instant, which works by linking SWIFT gpi with real-time domestic infrastructure. The solution will initially launch in the United Kingdom market, with Lloyds Banking Group the first to go live.
Germany’s Aareal Bank Group Rolls Out B2B Payment Platform
Aareal Bank Group, which is based in Germany, is launching its Aareal Exchange & Payment Platform (AEPP). The technology will enable companies to put “end-to-end automation” of payment and bank-related services into place. Property management companies can utilize the AEPP to connect different payment methods and services via one interface.
Alternative Lender eCapital Buys UK-Based Advantedge Commercial
eCapital, the alternative lender, is growing its international presence by buying Advantedge Commercial Finance, which is based in the United Kingdom. Miami-based eCapital said the move will enable it to grow its geographical presence beyond North America and add to its specialty lending offerings. The company is a provider of financing to small and medium-sized businesses (SMBs).
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