Project BankNorth has partnered with cloud-banking fintech nCino.
The UK challenger will utilise nCino’s cloud-based bank operating system for its SME lending business.
The platform is expected to streamline BankNorth’s SME lending processes and more flexibly serve the bespoke needs of business owners and entrepreneurs.
Jonathan Thompson, founder and CEO of Project BankNorth (pictured above, right) said: “It’s critical we provide a smooth and innovative interface for our customers and introducers in order to deliver a fantastic customer experience.
“Working with nCino early on in our development allows us to tailor our whole business around delivering an engaging and differentiated customer experience, and I am confident nCino will be the perfect partner for our success in getting these elements right.”
nCino’s bank operating system will offer BankNorth’s employees and leaders a cloud‐based platform that provides an insight into the bank via an end-to-end solution that combines customer relationship management, customer onboarding, deposit account opening, loan origination, work flow, credit analysis, enterprise content management and instant reporting capabilities.
Pullen Daniel, managing director of international at nCino (pictured above, left), added: “As an up-and-coming challenger, we’re delighted to be working with them at such a pivotal stage in their launch to help shape their processes and raise the bar for convenient and flexible delivery of personally-tailored services to SME owners.”
Ewan Hutton, CTO at Project BankNorth, added: “The choice of nCino for our commercial loan origination system is perfectly aligned to our technology roadmap as nCino has set a new bar for vendor solutions in this space, both in terms of product and client engagement.
“We will operate almost entirely using cloud/SaaS technology and will leverage the Salesforce Platform as the foundation for the bank which will enable best-of-breed integration with complementary tech, plus rapid innovation from the Salesforce APP exchange partners.”
Project BankNorth is scheduled to launch in 2020.
Temenos partners with ClearBank for cloud payments
Banking software company Temenos has formed a strategic relationship with ClearBank to provide banks with a faster route to market for real-time cloud payments...
Unity Trust Bank registers 34% rise in profits
Unity Trust Bank increased profits by 34% in 2019...
Believe the hype – why explainable AI is a trend that’s here to stay
Technology has become a ubiquitous part of our day-to-day lives...
Piloting tech updates: ‘The bigger the bank, the harder it is to get anything done’
In the latest Medianett filmed roundtable session, we discussed how important technology is in the banking space, and what impact the industry expects it to have on its businesses in the future...
What banks need to know about cloud security
One of the most common perceived concerns when adopting the cloud is the issue of security...
OakNorth sees 95% increase in pre-tax profits
OakNorth Bank has announced a 95% rise in pre-tax profits in 2019 to £65.9m, up from the £33.9m recorded in 2018...
Redwood Bank signs up to Women in Finance Charter
Redwood Bank has announced that it has signed up to the Women in Finance (WIF) Charter...
Masthaven launches digital Women in Leadership programme
Masthaven Bank has launched a new Women in Leadership digital development programme for female senior leaders...
Protecting against supply chain disruption and the domino effect
Disappointingly, many UK SME business owners don’t understand their supply chains...
Confused about which Isa to choose? Hopefully this mini-guide will help…
We are now firmly in Isa season, so you’re likely to read multiple articles about the most competitive Isa products in the market and how best to make the most of your Isa allowance before the end of the tax year...
Garden shed entrepreneurs contribute £16.6bn to the UK economy
Entrepreneurs who run their businesses from garden sheds contribute £16.6bn annually to the UK economy, according to a recent study...