Form3, the cloud based end-to-end secure standard for global payments processing, today announced a partnership with Starling Bank, the first mobile-only bank to launch a new current account in the UK and 13th member of Faster Payments. This will further enhance the Form3 Payments-as-a-Service platform by providing an end-to-end managed service for UK real-time payments. For the first time in the UK, this will allow clients a real-time Faster Payments experience using a bank service.
Access to real-time payments in the UK remains a rapidly evolving opportunity for banks and fintechs to enhance their services and differentiate themselves. The partnership between Starling Bank and Form3 will allow clients to make and receive Faster Payments cost-effectively, quickly, and reliably via the cloud.
By combining Form3’s native cloud based infrastructure with Starling Bank’s Payment Services, for the first time clients will benefit from the scalability and resilience of a high grade infrastructure, running 24×7, combined with Faster Payments services all using the same modern API integrations used for payments.