MuchBetter Payment Ring: The future of contactless pay?
Some admin first, as always. Download the MuchBetter app, complete the verification steps (which involve taking snaps of your ID, confirmation selfies, and a picture of a utility bill or bank statement with your address on). Then, you can add funds to the account before naming your new accessory, which feels a bit pointless but sure, fine in the name of fun or if you happen to have multiple rings for work and play. Once complete, you're on your merry way, ready to start splashing your fun money.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Evening Standard
5 days ago
- Evening Standard
MuchBetter Payment Ring: The future of contactless pay?
Some admin first, as always. Download the MuchBetter app, complete the verification steps (which involve taking snaps of your ID, confirmation selfies, and a picture of a utility bill or bank statement with your address on). Then, you can add funds to the account before naming your new accessory, which feels a bit pointless but sure, fine in the name of fun or if you happen to have multiple rings for work and play. Once complete, you're on your merry way, ready to start splashing your fun money.
Finextra
02-06-2025
- Finextra
MuchBetter adds Temenos-powered business accounts
MuchBetter, the award-winning fintech innovator, has introduced a next generation business account offering, MuchBetter Business (MBB). 6 Built on an advanced, cloud-native core banking solution from Temenos, and supported by NatWest and SWIFT, MBB is designed to meet the needs of businesses in specialised sectors that face barriers to traditional banking access. MBB delivers a trusted, secure, and reliable alternative to legacy banking services. With access to operational accounts and dedicated safeguarding accounts—available in 35 currencies—the offering empowers businesses to operate globally with confidence. Key features include advanced web and mobile apps for seamless account management and payment approvals, customisable approval workflows for secure, role-based transaction control, global payment rails for UK, Eurozone, and international transfers, real-time FX execution with competitive rates, and accelerated digital onboarding with biometric ID&V and KYB compliance. The MuchBetter Business offering is designed with user experience and security at its core. Business users benefit from a clean, responsive interface that supports flexible payment approval workflows. Permissions can be tailored to define who can initiate and approve transactions, including multi-signatory rules for high-value payments. Notifications are delivered across web and mobile, enabling approvals on the go. While customers interact with the offering via the MBB Mobile and Web apps, it is underpinned by robust technology powered by Temenos SaaS. This comprehensive, scalable banking solution supports real-time transaction monitoring and processing, advanced financial crime prevention tools, treasury management, and efficient payment routing. All client funds are safeguarded with tier-one partner bank NatWest, ensuring security and regulatory assurance at every level. Temenos powers over 950 banks globally and is recognised for its expertise in SaaS banking. Its market-leading core banking suite and best-in-class modular solutions are transforming the banking industry by fostering digital excellence and innovation, helping financial institutions to thrive in today's increasingly dynamic markets. 'MuchBetter has made substantial investments in our banking platform to ensure that we provide our customers with the most reliable and secure services. says Gary Hill, CIO of MuchBetter. By partnering with Temenos as a globally trusted technology partner we offer our customers the reliability and performance trusted by major banking institutions across the globe. This ensures they have a smooth customer experience and peace of mind.' Mark Yamin-Ali, Managing Director, Europe, Temenos added: 'Congratulations to Gary, his team and the MuchBetter organization on the launch of their next-generation business account using Temenos SaaS. This is a great example of how Temenos partners with financial institutions to leverage the deep functionality, agility and scalability of Temenos SaaS to accelerate innovation and elevate customer experience.' MuchBetter's infrastructure is further strengthened by its direct membership with SWIFT, enabling secure, compliant cross-border payments, and its collaboration with a tier-one UK bank that provides safeguarding and FX services. With a rapidly expanding suite of B2B and B2C offerings, MuchBetter is building a full-service financial ecosystem that includes wallets, wearables, gateway services, and white-label payment solutions. The MuchBetter Business platform forms the foundation of this vision, allowing MuchBetter to serve both ends of the financial spectrum, from individual users to large multinational enterprises.
Finextra
22-05-2025
- Finextra
MuchBetter to launch business accounts with NatWest support
MuchBetter, the innovative fintech company, is excited to announce its partnership with NatWest, one of the UK's leading banks, to empower its B2B offering, MuchBetter Business (MBB). 0 This collaboration represents a significant advancement in providing robust financial solutions for businesses requiring access to essential banking services. Through this partnership, NatWest will deliver essential fund safeguarding, access to payment schemes, foreign exchange capabilities and comprehensive banking support for MuchBetter Business's Corporate Business Account offering. This alliance enhances MuchBetter's mission to serve enterprises facing challenges in accessing conventional financial services, especially those in specialised sectors or those seeking commercial alternatives. Aligning with a reputable tier-one bank like NatWest assures MuchBetter Business customers of the security of their funds. With NatWest's established reputation and strict regulatory adherence, businesses can trust that their assets are safeguarded in dedicated accounts. MuchBetter Business Accounts are tailored for diverse enterprises, enabling them to manage financial activities seamlessly across multiple regions. These accounts offer operational and segregated options in 35 currencies, facilitating international trade. As a direct member of SWIFT, MuchBetter ensures secure and efficient cross-border payments while complying with robust regulatory standards. This membership fosters trust and transparency in transactions, allowing MuchBetter to leverage NatWest's services to elevate the overall banking experience for its corporate customers. MuchBetter's technological expertise is showcased in its modern, Temenos-powered banking platform, which enables smooth digital onboarding and provides customers with full control over their accounts through intuitive mobile and web banking applications. Not only does the NatWest partnership enable MBBs payment offerings but it also creates exciting possibilities for future services and enhancements. MuchBetter Business remains committed to competitive fee structures and personalised customer support, positioning itself to effectively meet the needs of customers. 'This collaboration with NatWest marks a major milestone for MuchBetter Business as we expand our B2B offering and underscores the credibility of what we've built at MuchBetter,' said Gary Hill, CIO of MuchBetter. 'We're proud to offer a robust B2B solution that empowers businesses. Partnering with an esteemed institution like NatWest reinforces their confidence in our offerings and our vision for the future of business banking.' Ritu Sehgal, Head of transaction services and trade at NatWest stated, 'NatWest chose to collaborate with MuchBetter due to its compelling business case, supported by an impressive track record of success. MuchBetter's advanced bank-grade technology and experienced team further reinforce its position as a reliable and innovative partner. Together, we are well-equipped to deliver exceptional financial solutions tailored to the unique needs of our clients.' This partnership also integrates into NatWest's innovative incubator approach, which supports fintech growth through infrastructure partnerships. By powering MuchBetter Business's new corporate account services, NatWest is helping to provide inclusive and adaptive financial solutions to businesses. MuchBetter Business's offering includes access to: - Business Operational Accounts, with qualifying licensed entities receiving a complimentary dedicated safeguarding account - Advanced web and mobile banking apps for efficient account management and payments - Accounts in 35 currencies, enabling companies to execute FX transactions with attractive rates - Global payment capabilities for UK domestic, Eurozone, and International payments - An accelerated onboarding process that adheres to KYB regulatory requirements, streamlining the time from application to activation With additional partnerships and white-label launches in the pipeline, MuchBetter Business is poised to reshape the future of B2B banking by offering an ecosystem of services customised for modern business needs. This collaboration highlights MuchBetter's commitment to financial inclusion and innovation at scale.
