Hargreaves Lansdown has selected Ecospend, the UK’s leading Open Banking provider, to provide a “pay by bank” service for its clients. Ecospend’s solution will allow HL’s clients to make payments directly to their HL accounts more easily and securely and without the need for cards.
George Rodgers, Senior Product Manager, Hargreaves Lansdown: “Offering an Open Banking payment method is a step change in the payments experience that Hargreaves Lansdown offers its clients. Our clients can expect a simpler payment journey as well as instant settlement for deposits and withdrawals compared to days under the current system. Our adoption of Open Banking is a key milestone in our digital transformation strategy and we will continue to use the best available technology to benefit our clients.”
James Hickman, CCO, Ecospend: “We are thrilled to be working with the clear market leader to deliver a new solution that is both a natural replacement for cards and the perfect response to changing consumer behaviours and digital adoption.
“There is no one better placed than Hargreaves Lansdown to be driving this change and setting the agenda for the entire Wealth Management industry. We are very excited to introduce so many new consumers to a simpler, faster and more secure way to pay.”