Immediate payments for UK and corporate referrals have been launched to help financial institutions to be more efficient, manage risks and help them prosper. 

Immediate payments will allow clients to send money from outside the UK to UK beneficiaries using faster payments technology. 

This low-cost solution will make safe, secure and compliant payments with real-time confirmation messages and optional debit advices.

The product is designed for recurring supplier or remittance payments up to the value of £100,000, with its SWIFT infrastructure being able to securely transmit payments to UK and international standards.

Lloyds has also relaunched its corporate referrals product, which will allow financial firms to access its UK-based solutions for clients who are seeking opportunities in the UK. 

“We’re delighted to be expanding our offering in this sector and hope to be able to support our clients and their customers to better manage their finances, enabling them to focus on growing and developing their businesses,” said Adrian 
Walker, managing director of Lloyds Bank Global Transaction Banking.

“Following direct feedback from our clients and our extensive insight in the sector, we’ve been able to design our products with clients in mind to help them and their customers to prosper.”

The bank hopes that with businesses around the world seeing the UK as an attractive investment destination, it will be able to provide a full set of products to help their growth ambitions.

Ed Thurman, managing director and head of financial institutions at Lloyds Bank Commercial Banking, concluded: “As a leading global financial centre, it’s important that our clients can make quick and secure payments in the UK. 

“These new products will enable financial institutions to be more efficient and help them manage their risks in today’s domestic and global markets.”