Moving money in minutes
For the last 5 months, Vitesse have been working with multiple London market participants and the Faster Claims Payments project team to address a consistent pain point – the time it takes to source funding from multiple parties and make a payment to a claimant. We’re now 6 weeks into our successful pilot.
Our claimant-focused solution enables real-time transfers from multiple syndicates to fund claims, sees the eradication of loss funds repatriating £m’s to Managing Agents and delivers an end-to end seamless process from payment approval, sourcing funds and claimant receipt in less than a minute.
We are so proud of the FCP project team and all at Vitesse for delivering this game changing solution….there’s so much more to come and we can’t wait to share it!
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