UK-based start-up B-North, which plans to create an SME-only bank, has selected a deposit-taking solution from Newcastle Strategic Solutions.

B-North plans a 2020 launch

According to B-North, it will be offering a range of fixed-term retail savings products when it launches in 2020, and will be using Newcastle Strategic Solutions for account opening and account management.

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It will be deploying the new system on an outsourced basis. B-North claims that by using the new platform it will be able to make loans available in “as little as 10 working days”.

Jonathan Thompson, founder and CEO of B-North, says that the firm selected Newcastle Strategic Solutions due to its track record as “a proven and highly trusted supplier”.

Phil Grand, managing director for Newcastle Strategic Solutions, adds: “Our focus is on supporting B-North’s deposit-taking by delivering seamless online savings management, and providing an exceptional customer experience.”

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