Virgin Money selected Waracle as technology partner for business banking market.
Virgin Money have selected Waracle as their technology partner for Virginâ€™s first foray into the business banking market.
The partnership will see Virgin Money leverage Waracleâ€™s deep expertise in mobile application design and development, with a particular emphasis on feature rich apps focusing on financial wellbeing.
Waracle are one of three technology partners selected for the project, with Virgin Money citing the app development agencyâ€™s financial services and software development expertise as key criteria in the decision.
Gavin Opperman, the Group Business Director at Virgin Money, said:
â€œThe skills and capabilities which Waracle provide are very much in demand and are vital in helping us develop our innovative business banking proposition, both in terms of what we deliver and how we deliver it. Weâ€™re confident the cutting edge approach to technology the team will deploy will deliver great experiences for our customers.
â€œWaracle is a strong Scottish-based company and weâ€™ve partnered with them previously on the creation of our augmented reality Currency Converter, which was a great success. The teamâ€™s collaborative approach and work ethic fits perfectly with our combined team, including an ecosystem of capability partners. I look forward to seeing the results of our latest collaboration.â€
Waracleâ€™s co-founder and Chief Technology Officer Mike Wharton cited the difficult economic environment in 2020 as a perfect time for financial services organisations to step forward to support businesses, adding
â€œthe innovative banking proposition Virgin Money is bringing to the market will help the business community thriveâ€.
The launch of Virgin Money Business will be vital to the bank as it develops itâ€™s Working Capital Health proposition which aims to transform the bankâ€™s existing business current account offering into a financial wellness tracker for SMEs.
Waracle are part of the Fintech Scotland community, who support the growth of the Scottish fintech cluster.