UK bank and Banking-as-a-Service (BaaS) provider Griffin has now opened its platform for UK fintechs to embed banking products more seamlessly.
Services such as payments, savings and client money accounts will be offered to companies in the fintech sector to help unlock new revenue opportunities via Griffin’s platform, Foundations.
The platform launched in December 2023 and saw scale-ups and start-ups like Certua and Marygold & Co work closely with the bank in developing key features and capabilities. Griffin’s product suite now spans use cases in the wealth, lending, insurance, proptech and payroll sectors.
Matthew Parden, UK CEO at Marygold & Co. commented: “Griffin’s products have provided a unique opportunity for Marygold to launch a savings and financial management app that recognises the complexities of human behaviour and emotional intelligence.
“The team has built a superior banking product that takes into account the entire customer journey and the intricacies of compliance.”
Griffin will invite fintechs who want to embed banking or payments solutions within their customer journey. Companies can sign up to the free all-access sandbox to start testing Griffin’s products.
David Jarvis, Co-Founder and CEO of Griffin, said: “Over the last few months we’ve been fortunate to work with a number of innovative companies in helping them to realise the future of finance.
“I’m delighted to say that we’re now in a position to open Griffin’s platform to anyone who has a vision for using finance to improve the lives of their customers and is looking for a bank to help them achieve that vision.”
Griffin recently earned B Corp certification, demonstrating its focus on sustainability and ethical business practices. Earlier this year, the company also announced a $24m funding round and became a fully operational UK bank following a successful mobilisation period.
