Lloyds Bank has teamed with UK fintech Demica to roll out a digital supply chain finance platform for business customers.
Branded as The Open Account Platform, it will offer supplier finance and receivables purchase to Lloyds Bank customers through a single online portal for the first time.
With a two-day onboarding journey, the platform provides users with intuitive dashboards to access key information and straight-through-processing to automate transactions.
