· Banking licence process in final stages – B-North submitted its licence application in September 2019, having received its invitation from the Regulator in August - a step which over two-thirds of applicants fail to reach. The process continues to progress smoothly with B-North now…
B-North will disrupt the £150bn UK business lending market by:
Using its FinTech enabled lending platform to deliver up to 10x faster than the large incumbents
Combining this with a unique, regional distribution model; and
Delivering a unique economic proposition which supports the large, fast-growing and fragmented broker channel.
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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.