OneBanx Unveils the Most Advanced Business Deposit Solution in the Market

OneBanx, a shared banking solution provider and GLORY Group company, has introduced its latest innovation: the Instant Deposit Service for Businesses. This pioneering solution is designed to meet the cash management needs of small businesses in areas lacking traditional bank branches. Revolutionize the Deposit Experience The Instant Deposit Service aims to redefine the business deposit process by fully digitizing cash transactions and offering ground-breaking features, including:

• Delegation of Deposits: Empower trusted employees to make deposits.
• Card-Free Transactions: No need for an account-linked card.
• Comprehensive Cash Handling: Recycle both notes and coins seamlessly.
• Broad Compatibility and Enhanced Compliance

Supporting a swift and seamless onboarding process, OneBanx’s new service supports all major UK high street and digital banks, addressing the service gaps created by widespread branch closures. The financial crime control framework of OneBanx operates in a multi-bank environment, allowing for enhanced security measures which can be tailored in collaboration with individual banks. Proven Multi-Bank Service Since pioneering the multi-bank service in 2001, OneBanx's platform is now operational in TSB, Principality Building Society, Newbury, and Newcastle Building Society branches, with further expansions planned soon. Javed Anjum, CEO of OneBanx, remarked, “The launch of the OneBanx Instant Deposit for Businesses stems from extensive customer research and feedback over the past three years, representing clients of all major banks. In today’s evolving regulatory landscape, this solution stands as a game-changer for banks seeking efficient, rapid-deployment solutions.”