Gatehouse Bank has announced the launch of its sharia-compliant home finance platform.
Based on the Apprivo2 technology developed by BEP Systems, the platform will enable intermediaries to process home finance and buy-to-let applications.
The platform uses cloud-based, mobile-ready technology and will be supported by a specialist team based at the bank's newly opened customer service centre in Milton Keynes.
Charles Haresnape, CEO at Gatehouse Bank (pictured above), said: “Our aim is to offer unrivalled service to brokers and their clients, whether that's for buy-to-let or our soon-to-launch homeowner finance product.
“We are delighted to partner with BEP Systems.”
Chris Little, managing director at BEP Systems, added: “Gatehouse Bank [is] set to become a major force within the huge growth sector that is sharia-compliant home finance, and the way we have built the Apprivo2 platform around their specific needs will hopefully make the journey ahead seamless — and effortlessly scalable.”
Gatehouse has announced that it plans to roll out its sharia-compliant homeowner finance through selected brokers in the near future.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
NAB appoints new group CEO and MD
National Australia Bank (NAB) has named Ross McEwan (pictured above) as its new group chief executive officer and managing director...
The Co-operative Bank extends free SME banking offer
The Co-operative Bank has extended its free banking introductory offer for new SME customers by a year...
Cloud migration: Key considerations for financial services
More than ever, it is imperative for financial services organisations to migrate to the cloud...
Maria Harris set to leave Atom bank
Atom bank has revealed that its director of retail mortgages Maria Harris (pictured above) is set to leave to become an independent consultant in the mortgage market...
Handelsbanken reports 6% surge in UK lending
Handelsbanken has reported a 6% increase in UK lending to £21.4bn in Q2 2019, compared with Q2 2018...
Tandem reveals development of new mortgage product
Tandem Bank has revealed that it’s developing a new mortgage product which will be suitable for first-time buyers...
Goldman Sachs invests €25m in Raisin
Goldman Sachs has provided €25m of funding to Raisin...
The power of partnerships
Since our launch in September 2015, we have proven our ability to innovate in the UK savings market, which has been recognised with various savings awards...
N26 rebrands premium account
Mobile bank N26 has launched a premium accounts product named N26 You...
Sesame adds Investec Private Bank to panel
Investec Private Bank has been added to Sesame’s panel...
84% would change financial services provider due to poor complaints experience
More than eight out of 10 customers (84%) claim that they would change financial services provider due to a poor complaints experience, according to the latest research...