News: Parseq secure contract with Lloyds Banking Group
Parseq, a leading provider of technology led turnkey outsourcing solutions and mobile and online banking software, has signed a new multi-million pound outsourcing contract with the Lloyds Banking Group, the largest retail bank in the UK.
Parseq was created last year following a successful reverse takeover by Rami Cassis and Rotherham-based BPO provider, Documetric.
The agreement covers a three year period and extends Parseq's relationship with Lloyds significantly and brings HBOS as a new customer.
The AIM-listed company will now provide its outsourcing solution to HBOS and Lloyds TSB, including BACS payment debit and credit processing services and call centre support to corporate, commercial and retail customers. These services will be provided from a newly developed, highly secure processing platform which maximises the use of advanced Optical Character Recognition software.
Rami Cassis, Chief Executive of Parseq, said: "We are delighted that we have been able to extend our relationship with Lloyds and secure HBOS as a customer.
"We believe that our outsourcing services together with our technology create a compelling proposition and this contract, which will see Parseq handle transactions worth billions of pounds per annum over the next three years, reflects the strength of our offering."
From their Hellaby facility, the company provides a wide range of value-add services, from payments and applications processing, through inbound and outbound voice services, to business intelligence and data analytics. It services a blue chip client base which includes Barclays, British Gas, British Energy, BP, Deutsche Bank, FedEx, Johnson & Johnson, Lloyds Banking Group, National Australia Group, HSBC, Orange, RBS Group, Santander, Shell, and Vodafone.
Parseq processes up to 30,000 envelopes every day and utilising a range of cheque processing and scanning machines to process the payments, they process 47 million transactions a year.
Parseq website
Images: parseq.com
Parseq was created last year following a successful reverse takeover by Rami Cassis and Rotherham-based BPO provider, Documetric.
The agreement covers a three year period and extends Parseq's relationship with Lloyds significantly and brings HBOS as a new customer.
The AIM-listed company will now provide its outsourcing solution to HBOS and Lloyds TSB, including BACS payment debit and credit processing services and call centre support to corporate, commercial and retail customers. These services will be provided from a newly developed, highly secure processing platform which maximises the use of advanced Optical Character Recognition software.
Rami Cassis, Chief Executive of Parseq, said: "We are delighted that we have been able to extend our relationship with Lloyds and secure HBOS as a customer.
"We believe that our outsourcing services together with our technology create a compelling proposition and this contract, which will see Parseq handle transactions worth billions of pounds per annum over the next three years, reflects the strength of our offering."
From their Hellaby facility, the company provides a wide range of value-add services, from payments and applications processing, through inbound and outbound voice services, to business intelligence and data analytics. It services a blue chip client base which includes Barclays, British Gas, British Energy, BP, Deutsche Bank, FedEx, Johnson & Johnson, Lloyds Banking Group, National Australia Group, HSBC, Orange, RBS Group, Santander, Shell, and Vodafone.
Parseq processes up to 30,000 envelopes every day and utilising a range of cheque processing and scanning machines to process the payments, they process 47 million transactions a year.
Parseq website
Images: parseq.com
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