Soar and Acquired enter partnership
Another great example of partnership between fintech firms has been announced today. This is partnership with a purpose as the main objective is to enable ethical finance companies to compete more effectively with mainstream providers.
Scottish fintech Soar and London Payments Technology Platform Acquired.com collaborating to help credit unions and other ethical organisations provide better and transparent services.
Award winning fintech, Soar, has developed a cutting edge banking technology platform which is already being used by 10 credit unions around the UK. With the partnership with Acquired they will be able to provide more services including automated reconciliation and for the first time – complete transparency over the entire payment life cycle.
“This is an important partnership for us and a statement about how we intend to improve business processes for our ethical clients. It will also allow their customers to view, manage and pay for a variety of services through one mobile and desktop application.
Our clients will not be playing catch up with mainstream players as they are now enjoying the latest cutting edge tech, which is a match for any organisation in the financial services sector.”
Soar’s founder and CEO, Andrew Duncan
“Acquired.com was born in the highly regulated Consumer Finance sector and has always been committed to helping businesses serve their customer better. We believe that credit unions play a key role in offering fair and transparent banking and credit products to communities all around the country, which we are delighted to play a part in.
Using our award-winning payment technology, Soar’s clients will be able to gain a much better insight into their customers using our rich payment data.”
Rob Clark, Managing Director of Acquired.com
In the last quarter Soar has been awarded over half a million pounds of research and development grants and this new partnership is seen as a further boost as the company looks to expand throughout the UK and into overseas markets.
Glasgow Credit Union chooses Soar
Written by Laura Hillhouse, Marketing Manager at Soar.
It’s an exciting time for fintech disruptor, Soar, who have announced that they have been chosen by the UK’s largest credit union to be their new technical partner.
We have been selected by Glasgow Credit Union to provide its members with the latest banking technology as they aim to compete more effectively with traditional players in the financial services sector.
Soar, who provides credit unions with a range of innovative technology, will offer Glasgow Credit Union’s 50,000 members, a new market leading mobile app and internet banking platform.
Our new tech offers members one place to manage their finances and features such as join, borrow and manage your money allow credit unions to gain invaluable member insights and provides a better opportunity to offer them relevant products.
Executive Chairman of Soar, Andrew Duncan, said:
This new partnership is a huge step forward to help credit unions embrace the most up-to-date technology that can have a positive impact on their business.”At Soar, we believe it’s important for credit unions to invest in technology to remain relevant as we move into 2019 and be able to compete with others in the financial services market. As well as providing must-have mobile technology for members, we also offer those working in credit unions a dashboard that supports their operations more efficiently.Paul Mcfarlane, Chief Technology Officer at Glasgow Credit commented on our partnership, saying:“Working in conjunction with Soar and with the continued support of our existing technology partners, we’re improving on our great service offering to create a first-class experience for our members. We chose to partner with Soar because of their innovative approach and were impressed with the way they embraced our members’ requirements.”
It’s an exciting new relationship for both Soar and Glasgow Credit Union and we’re expecting to launch our new technology during 2019.