Streamlining Corporate Payments: Corpay Launches All-in-One Platform in the UK

Well, let's check in on the latest headlines from Europe and the Middle East with Polly Jean.

Harrison features editor of the Fintech Times.

Good morning, Polly.

It's great to have you back on the show.

So let's start out by looking at Alpha, a UK-based Islamic property finance FinTech, which has introduced a new financing service.

So I understand that it merges Offa's bridge product with its paperless buy to let offerings.

So can you tell us a little bit more about this launch?

Absolutely good morning Remy.

Happy Friday, great to be here as always.

So yeah, Offer has launched a new Bridgele finance service, and by launching the Sharia compliant Bridge to Let offer plans to provide finance within weeks instead of months, uh, depending on credit rating and risk criteria.

So traditionally acquiring Bridge and BTL finance separately can take many months, and recognizing this challenge offer is simultaneously combining both, enabling.

Landlords or property investors to buy and upgrade below value properties, releasing equity.

So offer, which became the first to introduce Sha I compliant bridge finance to the UK, plans to disrupt the traditionally old fashioned and cumbersome world of Islamic finance through flexible, faith-based property finance solutions and digital processes, making it fast and easy to apply and get funding.

So you know, this is really exciting.

It's really going to hopefully help improve financial services for a lot of people, and this new financial service.

Will help customers avoid those double application fees, Bridge and BTL.

So you know, they're really on a mission to bring Islamic finance into the 21st century and leave behind, you know, the paperwork and cumbersome systems and the traditional way of doing things that many customers have typically had to, you know, deal with in the past.

So it's really exciting and I think it's going to be something that we're probably gonna see a lot more of as we move forward into this sort of new exciting era for Sharia compliant finance.

And Polly, I do want to ask you about another launch, and this is in regards to Corepay, a corporate payments provider.

I understand they've launched their all in one platform in the UK.

So tell me how this helps streamline financial operations and what's going on in terms of this launch.

Absolutely.

So Corepay is already used by finance teams across the US and now the platform has been adapted for the complexity of the UK finance market and is going to unify accounts payable, effects, expenses and payments into one intelligent solution.

So this launch really comes as recent data highlights that UK finance leaders are under growing pressure to do more, but with fewer resources, time and budget.

As we all know, it's a bit of a tough time across the globe right now economically, and according to.

Researched, 63% of UK CFOs now rank cost control as the highest business priority.

Meanwhile, just 36% of UK CFOs say that they have real-time visibility over their cash flow, while 1 in 3 UK businesses have fallen victim to invoice fraud.

So, you know, this is a really interesting launch, I think, and, you know, half of finance professionals are still spending over 10 hours per week processing invoices, and with this new platform, this can become fully automated and resolved.

A lot of the challenges that people are facing within these businesses.

So by copay complete plans unifying accounts payable, expense management and international payments into one intelligent platform, these UK businesses can save time and cut costs and really just enhance their corporate spending and corporate spending control through these integrated programs to make them more secure and more viable and just easier all around.

So again, a really interesting launch in the payment space and one that I think is going to be so helpful to a lot of businesses.

OK, Polly, well, as always great to talk to you.

Thank you so much for joining us and giving us the latest fintech updates from across the Atlantic.

Have a great weekend.

See you next time.