Biggest contract since launch
Soar’s record deal with Glasgow Credit Union
Soar’s Andrew Duncan has hailed his company’s partnership with Glasgow Credit Union as a ‘huge step forward’ (pic: Terry Murden)
Fintech disruptor Soar has completed a deal with Glasgow Credit Union to provide its members with the latest banking technology as it aims to compete more effectively with traditional players in the financial services sector.
Glasgow, the UK’s largest credit union with 50,000 members, is set to offer a new market-leading mobile app and internet banking platform that will transform the way members interact with the organisation.
Soar, based in Glasgow, has already secured contracts with other credit unions around the UK for its ground-breaking technology but this is its biggest deal since it launched last year.
Details of the deal remain confidential.
The new tech offers members one place to manage their finances. Features, such as join, borrow and manage your money allow credit unions to gain invaluable member insights and to offer them relevant products.
Executive chairman of Soar, Andrew Duncan, said: “It’s excellent to be working in partnership with Glasgow Credit Union to successfully deliver our solution for their growing member base.
“This new partnership is a huge step forward to help credit unions embrace the most up-to-date technology that can have a positive impact on their business. It gives credit unions must-have mobile technology and internet banking and also offers them a dashboard that supports their operations.”
Paul Mcfarlane, chief technology officer at Glasgow Credit Union said: “It’s important for us to continually invest in new technology to remain relevant and be able to compete with the rest of the financial services market in 2019.
“We chose to partner with Soar because of their innovative approach and were impressed with the way they embraced our members’ requirements, which will continue to influence and shape the road map for the product.”