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Virgin Money rolls out SME banking dashboard

Source: 9Spokes

The Kiwi Fintech teamed up with the UK banking giant in early 2021, tasked to develop a ‘financial dashboard’ for Virgin’s SME business customers, which was unleashed to the market this week after months of rigorous testing.

The application is set to enhance Virgin’s M-account, targeted at SMEs across the UK, allowing users to have access to 9Spokes’ industry leading visualisation of data-driven insights with full integration into Business Internet Banking (BIB). The addition enables customers to compare relevant trends from 20+ applications for faster decision making and to constantly be across business performance with up-to-date data.

After a successful pilot phase, Kash Ahmad, Head of Business Banking at Virgin Money said, “The support and expertise of our partners, including 9Spokes, were vital to making M-Track possible and we look forward to continuing working with them to enhance the services we offer for our customers.”

The release signals another significant achievement for the Kiwi fintech, which adds the bank to a growing list of global Financial Institutions within the 9Spokes family, including the likes of: Bank of America and Visa.

9Spokes CEO Adrian Grant said, “This is another exciting partnership for us at 9Spokes and Virgin were outstanding to work with every step of the way. It also highlights the positive direction the company is heading, with many other inspiring innovations being worked on behind the scenes to help SME businesses customers around the world”.

A futurology report commissioned by Virgin Money in anticipation of the M-Track release found overwhelming support for technology in business, with more than three quarters (77%) of SMEs keen to use tech that will help grow their business. While 85% plan to use new technology in the next five years.

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