Bottomline announced that UK-based Hargreaves Lansdown plc, a UK based investment platform for private investors, has selected Bottomline PTX to support its ‘cloud-first’ payments strategy.

Hargreaves Lansdown’s decision to move to a cloud-based business payments platform aligns with its digital transformation strategy. Its selection of PTX reflects Bottomline’s ability to provide a fully integrated, regulation-compliant platform complete with innovative functionality around new payments initiatives, such as Open Banking. Hargreaves Lansdown will use PTX to receive funds from its clients and distribute funds to them.

“As the UK’s number one investment platform for private investors, Bottomline’s payment system is an important part of our investment into our digital backbone, which gives us access to infinite scale by harnessing the power of the cloud,”

comments David Espley, Chief Technology Officer, Hargreaves Lansdown.

“Creating delight means that Bottomline connects its customers with their customers smartly, simply and securely across the life of payments and cash,”

said Paul Fannon, Managing Director of Global Business Solutions at Bottomline.

“We deliver that by innovating our payments solutions to include functionality such as Open Banking, Confirmation of Payee (CoP) fraud prevention measures, Request to Pay, and Enhanced Data, making the exchange of money easy.”

David Espley concludes,

“It was important for us to choose a safe, secure, and trusted payment provider, and following a full RFP, we took the decision to continue our relationship with Bottomline and migrate to their new PTX solution. The Bottomline solution also gives us the option to continue to develop our offering in future, as we see things like Open Banking develop.”