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Open Banking: HM Revenue and Customs Selects Ecospend to Build Out its Digital Payments Infrastructure
HM Revenue and Customs revealed on February 3, 2021, that Open Banking service provider
Ecospend has been selected to build-out its digital payments infrastructure.
In September 2020, HMRC had placed a £3 million contract out to tender in order to upgrade the group’s bank transfer processing systems for payments, with the possibility for more Open Banking integrations in the foreseeable future.
Ecospend’s management stated that their solution has been developed to allow taxpayers to initiate an account-to-account payment without having to manually set up the payments process. So there’s no need to deal with reference numbers, which could result in considerable time and cost savings, and make the process less error-prone.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
SUNZ Holdings, Leading Workers Compensation Insurance and Services Company, Announces .
SUNZ InsuranceDecember 23, 2020 GMT
Bradenton, Fla., Dec. 23, 2020 (GLOBE NEWSWIRE) SUNZ Holdings, LLC (“SUNZ”) announced today that funds managed by Blackstone Tactical Opportunities (“Blackstone”) have acquired a significant stake in the company to help fuel SUNZ’s continued expansion. Terms of the transaction were not disclosed.
SUNZ is a leading provider of workers compensation insurance and related services such as policy administration, claims administration and customer support. SUNZ delivers technologically advanced solutions for its customers – with a specialized focus on risk sharing programs for Professional Employer Organizations, staffing companies and large organizations.
Staff Report
BRADENTON SUNZ Holdings LLC announced on Wednesday that funds managed by Blackstone Tactical Opportunities have acquired a significant stake in the company that will help SUNZ’s continued expansion. Terms of the transaction were not disclosed.
SUNZ is a leading provider of workers compensation insurance and related services such as policy administration, claims administration and customer support. SUNZ provides a specialized focus on risk-sharing programs for Professional Employer Organizations, staffing companies and large organizations, the firm said in a news release.
“SUNZ is exceptionally well positioned for future growth, said Menes Chee, a senior managing director at Blackstone. Blackstone is excited to partner with their first-rate management team to help the company continue to expand into new markets and verticals so it can best serve its customers.”
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