UK banking technology consultancy GP Tech extends practice to the US market

GP Tech, a UK-based consultancy specializing in banking technology, is expanding into the US market. While this sounds like a corporate move, it signals a shift in the tools available to the companies that power your store's financing. GP Tech focuses on modernizing 'legacy' systems. For a retail operator, this means the lenders and fintechs you partner with will have better access to consultants who can help them integrate faster and handle more complex payment flows. In the US, many lenders still struggle with outdated back-end technology. This can lead to slow approval times for your customers or glitches during the checkout process. As consultancy firms like GP Tech enter the market, we expect to see more US lenders upgrading their systems. The goal for these firms is to bridge the gap between old-school banking stability and the fast-paced needs of modern point-of-sale financing. If your current financing partner feels clunky or slow, market expansions like this suggest that more technological help is arriving for them to improve their service to you.

Source: Finextra — Lending

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