The joint administrators of a luxury yacht manufacturer which employs 250 people have secured funding for the business and are seeking a buyer to take the brand forward.

Fintilect, the specialist hyper-personalized digital banking software provider, has partnered with DF Capital to provide full online self-serve functionality for its suite of business savings accounts for small and medium sized enterprises (SMEs).The introduction of online functionality for these accounts follows the successful 2021 launch of full online functionality for DF Capital’s personal savings accounts.The accounts are now all powered by Fintilect’s low-code digital banking platform, which comprises a suite of pre-built, pre-integrated, easy to configure services designed to work alongside existing client systems.When live products are available, DF Capital’s business savings accounts can be accessed via the bank’s website, with easy access, notice and fixed rate deposit accounts forming the range, allowing for savings of £20,000 to £250,000. Eligible deposits with DF Capital are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.The collaboration with Fintilect forms a key part of DF Capital’s digital growth strategy and marks a significant milestone in responding swiftly to customer feedback.Paul Atherton, Chief Technology Officer of DF Capital said: “DF Capital recognises the importance of 24/7 online banking functionality for both business and personal customers alike in today’s online banking world. We have therefore taken the decision to invest in our online offering across our entire product range to ensure it fully satisfies the most up-to-date, rigorous expectations of our entire client database.“Our partnership with Fintilect has resulted in the exact functionality that we need; a project that has been seamlessly delivered and executed flawlessly. We look forward to an ongoing strong relationship as we continue to innovate both now and in the future.”Rami Cassis, CEO, Fintilect, said: “We’re thrilled to be continuing our long-standing relationship with DF Capital, helping it to build even further its already strong presence in the market.“Fintilect developed the online functionality for DF Capital’s personal savers in 2021, a launch which resulted in strong customer satisfaction levels. We have now done the same for DF Capital’s business customers to ensure they, too, can apply for and service their accounts at any time of the day or night.”