Automate your back and front office payments, eliminate reconciliation challenges, and maintain FCA and CASS compliance by connecting your ERP directly to the bank.
AccessPay connects your back-office, finance and policy management systems to banks. This enables secure and automated transactions across all payment types such as CHAPS, Faster Payments, and international payment rails whilst also ensuring operational resilience and compliance with evolving standards like ISO 20022.
Streamline your premium collections, accelerate claims payouts, reduce risk of fraud for your firm — all while cutting operational costs.
AccessPay is regulated by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA), providing financial institutions with the assurance you need from a critical third-party technology provider.
Our FCA compliance allows you to confidently integrate our services into your critical business processes, knowing we meet the highest standards of security, resilience, and operational excellence.
By automating Faster Payments and CHAPS for same-day settlement of high-value claims as an insurer can reduce delays in paying out these claims which will impact customer satisfaction.
Eliminating of your IBA or premium accountants manually keying these transactions, you’re not only reducing risk of human error, and fraud, but also minimising operational bottlenecks that prevents missed or late payments.
Managing multiple entities and complex payment flows can often lead to thousands of unreconciled cash, which creates regulatory risks under CASS and the FCA.
Automating reconciliation by connecting to the bank, ensures accurate financial records, full auditability, and real-time cash visibility, helping you comply with the FCA and CASS regulations whilst reducing manual workload and headaches your team faces.
As insurance firms grow, they can face increased payment volumes across premium collections and claims processing, which often means more hiring in your payments processing teams.
Automating your payment workflows reduces reliance on manual intervention, meaning you can expect a return on investment, allowing you to scale your payment transactions without significantly increasing your finance team overheads.
Manage your Direct Debits for BACS, Faster Payments, and CHAPS — all in one system under your full control. With AccessPay, you get transparent pricing, and dedicated UK-based customer support.
Our team works closely with you – from implementation to customer support so you can stay in control of your collections with confidence. AccessPay can also be used as a contingency solution to ensure uninterrupted collections.
Learn more about managing Direct Debits process with AccessPay.
Insurers can no longer afford to delay. With rising fraud risks, stricter regulations from the FCA, and the mounting operational team costs of manual processes, automation is essential for your secure, scalable growth as a firm.
Meet FCA, PRA, and DORA requirements as AccessPay is a regulated platform which provides insurers with the automation, security, and audit readiness firms need to strengthen their finance operations.
With APP fraud on the rise, even a small mistake—like a misplaced decimal point or misallocated funds—can have serious consequences.
Adding Account Name Verification to your automated process to verify payee details, you can feel confident you’re paying the right person.
"When we spoke with Barclays, they recommended AccessPay as the preferred solution. We also spoke with other insurance providers and everybody recommended you, which is highly commendable."
Admiral
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Managing multiple entities, accounts, and policy-related transactions is complicated.
Because of this, large amount of unreconciled cash can be a nightmare. Real-time cash visibility and automated reconciliation provide total control over funds, ensuring accurate financial reporting.
With a high cost attached to submitting each front office payment, many insurers rely on processes that hat are expensive and can stifle business growth.
Automation reduces operational risk, cuts cost, ensures compliance with ISO 20022 and future standards.
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Scale your finance operations by automating premium collections, claims payouts, and supplier payments. Remove manual processes so your finance and accounting teams can handle more transactions without increasing headcount or costs.
Robust security controls with user access controls, segregation of duties and fraud prevention tools like Account Name Verification (also known as Confirmation of Payee (CoP), and automated Sanctions Screening. Reduce errors, prevent fraud, and verify direct debit details upfront to minimise failed collections.
Ensure compliance with FCA, SYSC and PRA regulations by automating payment security controls and audit trails. We help insurers stay compliant with operational resilience framework, and evolving standards like ISO 20022 to avoid payment failures, financial penalties, and operational risks.
Improve cash visibility across all entities by eliminating manual bank statement downloads and excel data collation, with automated workflows for real-time transaction history, maintaining FCA and PRA compliance.
Manual financial processes can stifle your firm’s ability to grow. AccessPay enables you to verify payees without the need for phone calls or redacted bank statements and can automate admin heavy tasks such as uploading payment files and keying-in transactions.
Many teams are downloading banks statement and monitoring bank portals to record credits & debits in your back, front-office and policy management systems.
By automating payments, and connecting to your banks, your finance team can handle more clients, process larger volumes with cloud-based high-speed data transfer. Our customers have seen the benefits of their IBA, technical and premium accounting teams to now focus on strategic, value-added tasks that drive business growth for your insurance firm.
"AccessPay has helped create a much more positive experience for our customers too because we can process claims payments to the bank the same day via faster payments, rather than the standard three-day turnaround time. The service we can provide our customers has improved as a result."
Chris Allison
Project Manager at Admiral
AccessPay supports multi-currency and cross-border payments, enabling international transactions without needing online banking portals.
AccessPay integrates with any ERP or back-office system that generates a payment file.
AccessPay is a bank-agnostic platform. Which means we can connect to all 11,000 SWIFT member banks, or any bank capable of supporting a host-to-host (H2H) connection.
We currently help hundreds of clients connect to Barclays, HSBC, JPMorgan, Citi, RBS, Societe Generale, Lloyds, Standard Chartered and many more.
Implementation typically takes 4–12 weeks, depending on bank connections and project complexity, with phased rollouts possible for quicker results on larger projects.
Yes, AccessPay is ISO 20022 compliant, supporting required fields for CHAPS payments and ensuring firms meet international banking standards. You can find more about our ISO 20022 resource hub here: https://pages.accesspay.com/iso20022
As an FCA-regulated technology provider, AccessPay delivers automation and security that eliminates manual risks, provides complete audit readiness, and protects your bank operations.
AccessPay is regulated by the FCA and provides financial institutions with the assurance you need from a critical third-party technology provider.
Our FCA compliance allows you to confidently integrate our services into your business processes, knowing we meet the highest standards of security, resilience, and operational excellence.
If you’re looking for support with your firm’s next direct bank integration project, you’ve come to the right place.
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Admiral Insurance are one of the leading FTSE100 Financial Services companies within the UK, Europe ...
