Virgin Money and Redspire in new partnership

01 Dec 2020

Virgin Money has announced a new strategic FinTech partnership with Glasgow-based Redspire, to support the development of its digital proposition for the new Virgin Money Business current account.

Redspire is a Microsoft Gold Partner for Cloud Business Applications and will support the development of new digital solutions, as part of Virgin Money's commitment to the recent £35m award from the Banking Competition Remedies (BCR) Capability and Innovation Fund.

Glasgow headquartered Virgin Money has created a 'Working Capital Health' proposition, which will transform its existing business current account offering into a financial wellness tracker for SMEs and combine dynamic views across an SME's working capital cycle, with a set of working capital solutions, all backed up by proactive relationship management and a unique ecosystem of capability partners.

The launch of Virgin Money Business in early 2021 will mark the arrival of the Virgin brand into the business current account market for the first time.

Redspire specialises in customer engagement and intelligence platform integration and solutions. They work collaboratively with organisations to drive future-proofing digital transformation, improved processes and help businesses to understand and engage with teams, customers, clients and partners.