Moral, UK-based financial savings and mortgage Charity Financial institution introduced a strategic partnership with digital banking options supplier Sandstone Know-how to energy growth of its cellular financial savings app.
Charity Financial institution and Sandstone Know-how have been collaboration companions for greater than a decade.
Headquartered in Sydney, Australia, Sandstone Know-how made its Finovate debut at FinovateEurope 2012, and most not too long ago demoed on the Finovate stage at FinovateEurope 2016.
Charity Financial institution has cast a strategic partnership with Sandstone Know-how to energy growth of its new cellular financial savings app. The app will supply a wide range of enhanced, self-service capabilities, characteristic sturdy safety, and supply a set of contemporary instruments to assist meet the wants of Charity Financial institution’s prospects. The know-how helps seamless updating, speedy product launches, and a constant consumer expertise. The app is predicted to be accessible to Charity Financial institution prospects within the spring of 2026.
“Partnering with Charity Financial institution on this initiative is each thrilling and rewarding,” Sandstone Know-how Chief Buyer Officer Jennifer Harris stated, “Cell is now the channel of alternative throughout all demographics, and this resolution displays the significance of delivering banking experiences which are intuitive, versatile, and future-ready. Our collaboration is constructed on belief and innovation, and this undertaking showcases our shared imaginative and prescient for the subsequent technology of digital banking.”
Charity Financial institution is an moral financial savings and mortgage wholly owned by charitable foundations, trusts, and social goal organizations. The establishment makes use of savers’ deposits to supply loans to organizations within the UK which are working towards constructive social change for people, communities, and the surroundings. Since 2002, Charity Financial institution has lent greater than £600 million to charities and social enterprises throughout the UK.
Sandstone Know-how is a long-time know-how accomplice of Charity Financial institution, having collaborated for greater than a decade. The present partnership to develop the establishment’s cellular app represents the newest milestone in Charity Financial institution’s digital transformation journey designed to boost the shopper expertise and make entry to moral banking accessible to extra banking prospects.
“We’re thrilled to take this subsequent step with Sandstone Know-how,” Charity Financial institution Director of Operations and Financial savings Justin Hort stated. “Launching a cellular app is a significant milestone that displays our dedication to evolving with our savers’ wants. We’re targeted on delivering a seamless, trendy and intuitive expertise—and with Sandstone’s confirmed observe document, we knew they have been the appropriate accomplice to carry this imaginative and prescient to life.”
Headquartered in Sydney, Australia and based in 1996, Sandstone Know-how made its Finovate debut at FinovateEurope 2012. The corporate, which provides options for mortgage origination, digital banking, and digital onboarding, most not too long ago demoed on the Finovate stage at FinovateEurope 2016. Abhish Saha was appointed CEO in 2022 after beforehand serving because the Government Normal Supervisor of the corporate’s Digital Banking & Elevate enterprise unit. Saha changed Michael Phillipou, who had been Sandstone Know-how’s CEO since December 2020.
Extra not too long ago, Sandstone Know-how earned recognition for its partnership with UK-based Chetwood Financial institution, serving to the establishment deploy its digital financial savings platform that has contributed to a 39% improve in prospects finishing the applying course of and opening a financial savings account.
Photograph by Mark Hansen on Unsplash
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