Despite a very challenging market backdrop, substantial progress has been made in the second quarter of the year. The bank licence process has been completed, subject only to the completion of capital, which is progressing well.
For many businesses, taking out a loan is one of the biggest decisions there is. Many businesses choose to be supported through the process by going through a broker, who negotiates and arranges loans for a living.
We have chosen Wiserfunding as our risk grading partner. This key element of B-North’s underwriting strategy will help us become more confident when assessing the credit profile of SMEs and, consequently, turn customer cases around faster and more accurately than other market participants – whilst also supporting B-North underwriters to make better…
Becky's skill set is perfectly suited for the challenges of delivering a new regional SME lending bank, the UK’s first in 150 years, as she has both extensive experience in delivering meaningful SME lending and working at a challenger brand.