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B-North chooses cloud-based Mambu

We are pleased to announce that we have selected cloud-based Mambu, the SaaS banking engine, to provide our core banking technology.

G. Potter - 2 OCT 2019

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In a market first, Mambu and nCino (our Loan Origination system) will collaborate to integrate Mambu’s core banking engine with nCino’s cloud-based market-leading loan and deposit origination platform, delivering the first seamless deployment of both providers’ solutions for business lending.

This new platform will allow B-North to process loans at speed and deliver a highly efficient, “minimum hassle” service to its SME customers. It will future-proof our infrastructure, reducing the time required for further development and also provide us with valuable data insights.

This highly localised, technology-enabled, model will allow loans to be made available to SMEs in as little as 10 working days.  Typically, traditional banks process loans centrally across different departments, a process which can take 3-4 months to complete.

Ewan Hutton, B-North CTO

"The advantage of creating a new bank without legacy systems or legacy business processes is we can design the solution around our customer’s needs and leverage the very best cloud-based technology. Mambu have already proved their engineering capabilities with their core banking solution in the marketplace and for B-North it is a perfect fit vs traditional solutions that are over-engineered legacy designs with recent front-end face-lifts." 

Eugene Danilkis, Mambu CEO

"As the leading SaaS banking engine, Mambu is committed to enabling access to modern financial services for all. The UK SME sector hold significant potential for growth and we see that B-North has a wealth of first-hand experience in this sector and are building a business with the needs of SMEs in mind. Together with nCino and B-North, our technology will enable SME borrowers to obtain lending in a fraction of the time it currently takes, meaning business owners will have more time to do what matters – developing their businesses – without having the long wait for funding."

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Help us design our broker service

We look forward to working with Intermediaries with the same values as ours; to provide the best financial solution for their client, with total focus on a superb customer experience.

All of our panel of intermediaries will have a good cultural fit with us and our aims. We will provide an easy to access portal, which will detail all their deals as they progress through to completion, using a real-time dashboard.

Contact us for more information

Our latest round of fundraising

The fundraising process is progressing well. We hosted an event for new investors on the 24th of July which was well attended and the proposition was positively received.

Existing shareholders will be offered the opportunity to exercise their pre-emption rights in respect of any future raise. Potential investors that are interested in receiving more details can register their interest by following the link below.

Contact us for more information