Faster Payments
Faster Payments is the UK scheme that moves money between bank accounts in near real time, usually within seconds, around the clock. It underpins instant disbursements and Open Banking payments, and is far quicker than the multi-day Bacs cycle.
For lenders, Faster Payments means funds can reach a borrower almost immediately once a loan is approved.
Credit Canary builds faster payments into one platform for UK lenders, with the data and decisioning behind it.
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