Optal is a London-based company and Europe’s seventh fastest growing company. We are the only FinTech specialist ranked in the Top 10 of the new FT1000 list, and rated as one of the 1,000 most inspirational companies in Britain by the London Stock Exchange Group. As a strategic partner of Mastercard, we process in excess of $10bn in payments globally, providing end-to-end B2B payments services for multiple sectors.
Optal’s effortless, secure payments process enables highly efficient supplier payments anywhere in the world, using Virtual Account Numbers (VANs). These automatically generated, single-use 16-digit account numbers are safe, secure and convenient. They’re also the cornerstone to the numerous financial benefits our digital payment platform delivers.
Insurers are facing a number of challenges, forcing them to do more with less. Digital transformation is key but stops at claims payments, however this is set to change. Watch this video to find out how insurers can digitise the end of the claims journey by optimising processes.
Like many organisations, insurers are getting a raw deal when it comes to B2B payments. This whitepaper looks at why inefficient B2B payment processes are holding back insurers from achieving profitability and why it’s time for the industry to turn a cost centre into a revenue stream.
In the quest to reduce costs and become more efficient through digital technologies, supplier payments is an area often overlooked within insurance. This guide highlights three reasons why global insurers are choosing Optal to optimise their payment processes and strip out hidden inefficiencies.
The Data Security or Data Protection Officer is an increasingly vital role within the insurance sector, especially following the implementation of GDPR. This short guide highlights how Optal’s Virtual Account Numbers (VANs) can be used by insurers to mitigate the risks of a data breach occurring.
Insurers spend millions of pounds every year with garages on vehicle repairs. This short guide highlights how Optal’s Virtual Account Numbers (VANs) can be used by insurers to pay any suppliers and help ensure that the repair process runs smoothly.
Claims directors at insurance companies may find themselves presented with numerous challenges when it comes to making B2B payments related to claims. This short guide highlights how Optal’s Virtual Account Numbers (VANs) offer a solution to the challenges faced by senior claims professionals.
Optimising payments: How digital payments technology can transform the inefficiencies and cost of B2B payments
In cooperation with Mastercard, Optal asked 100 senior finance executives within FTSE 350 companies and large public sector organisations what they thought of the state of B2B payments. This report sheds light on the key findings from the research.
Making a claim can be a stressful time for an individual and it’s the insurer’s job to make the process as swift and painless as possible. This short guide highlights how Optal’s Virtual Account Numbers (VANs) can be used by insurers to speed up the claims process and increase customer satisfaction.
Reconciliation is a vital component of any organisation’s accounting practices and insurance companies are no different. New research reveals the reconciliation challenge facing the insurance industry and the ways insurance firms are increasingly looking to improve and automate reconciliation.
Digital change is sweeping through the entire insurance industry, with the claims payment process also ripe for a digital overhaul. This report sheds light on the opportunities presented by digital transformation in the claims payment space.