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Meadow
Read time: 3 mins Added date: 15/08/2024
Lloyds Bank Gem®: Offering the ingredients for success
From ice-cream and chocolate crumb to milk and butter, Meadow is a leading supplier of food ingredients. Established over 30 years ago, Meadow supplies some of the UK’s biggest and best-loved food brands that line supermarket shelves. Given the size, status and complexity of the business, Meadow required a banking partner that could fully support their current and future banking needs – a role that Lloyds Bank was able to fulfil.
Catering to complexity
Meadow transitioned to Lloyds Bank in early 2024. After taking time to understand Meadow’s business, the team at Lloyds Bank has supported them with the transition to Lloyds Bank Gem, a future-proofed cash management and payments platform. Lloyds Bank Gem is a fully API-enabled platform which combines cloud computing with data-led solutions to provide clients with the control and flexibility to conduct their cash management activities.
The onboarding process to Lloyds Bank Gem was swift and smooth, with the specialist Gem Onboarding and Servicing team underpinning the entire transitional journey and ensuring that Meadow received the right level of support to acclimatise to the new platform.
“Lloyds Bank has offered support through every step of the transition and has gone the extra mile to ensure that our operations functioned as usual during the transition.”
Maria Neeve, Chief Financial Officer, Meadow
Prioritising payments
As a business with complex supply chains and international clients, it was imperative for Meadow to make and receive payments almost instantly. Lloyds Bank Gem supported Meadow by delivering a seamless payment experience.
Meadow also found that making international payments was easier through the platform. Lloyds Bank Gem can support payments across 39 currencies and maintains direct membership of clearing schemes in the UK and Euro areas, as well as offering comprehensive Foreign Exchange (FX) services.
“Technologically-enhanced solutions are at the heart of Lloyds Bank’s offering, and it’s excellent to see our clients, such as Meadow, benefit from the support and solutions we can offer,” said Hayden Kaya, Director, Global Transaction Solutions Sales at Lloyds Bank. “Through a deep and thorough understanding of our client’s transaction banking needs, we can recommend solutions that will cut straight to the centre of their challenges, while also helping our clients to keep pace with the rapidly evolving UK payments landscape.”