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.
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Industry reacts to Conservatives winning majority
The Conservatives have successfully won a majority in the 2019 general election, taking 364 seats (with one constituency left to declare) and 43.6% of the vote...
Shawbrook appoints Deepak Parekh as senior director of Midlands regional business team
Shawbrook has recruited Deepak Parekh as senior director of its Midlands regional business centre team...
Metro Bank launches receipt management app beta trial with Sensibill
Metro Bank is collaborating with Canadian technology firm Sensibill on the beta launch of its app-based receipt management technology...
Wyelands Bank appoints board and executive team members
Wyelands Bank has appointed Stephen Rose (pictured above, left), as deputy chief executive officer, and Rachelle Frewer (right), as chief financial officer...
Koto set to launch in January with aim to replicate monobank success
Koto is set to launch in the UK in January next year offering fixed-fee lending via an app...
What does responsible lending look like?
Lending responsibly is about much more than a bank managing the risk to itself...
Starling Bank adds Sparqa Legal as first legal service partner
Starling Bank has added Sparqa Legal as its first legal service partner...
OakNorth Bank completes £750,000 deal with Bright Minds Daycare
OakNorth Bank has completed a £750,000 debt finance deal for independent Birmingham-based nursery group Bright Minds Daycare...
OakNorth Bank makes several senior hires and opens new Birmingham office
OakNorth Bank has opened an office in Birmingham to support businesses in the Midlands and recruited four new senior hires...
The identity challenge: how can banks know who’s who?
Technology has transformed the world of banking, bringing all manner of new services to the table and revolutionising the way that customers manage their finances...
Metro Bank reduces BTL fixed rates
Metro Bank has announced it is cutting its fixed buy-to-let (BTL) interest rates by 0.2% for borrowers up to 70% LTV...