Lloyds Banking Group partners with Form3 fintech

Wednesday 22 July 2020 13:39 CET | News

Lloyds Banking Group has partnered with Form3, a cloud-native payments technology fintech, to accelerate its digital transformation and improve customers’ digital experience.

Form3 is a payment technology fintech that focuses on simplifying payments architecture capabilities, while providing support for the industry New Payments Architecture (NPA) initiative through its cloud-native Payments-as-a-Service for UK and European banks and fintechs, according to the official press release.  

The strategic partnership will enable Lloyds to investigate and develop a cloud-native Payments-as-a-Service platform which has the potential to improve the Group’s payment processes. Supporting this partnership, Lloyds is also acquiring a minority equity stake in Form3 as part of its strategic investment round which is expected to complete in August 2020. 

To find out more about Form3, check out our online company database.

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Keywords: Lloyds Banking Group, Form3, fintech, payments technology, cloud, digital transformation, digital experience, payments architecture, New Payments Architecture, NPA initiative, cloud-native, PaaS, Payments-as-a-Service, UK, Europe, banks
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech