Bevan Money taps Sopra Banking Software for core banking tech
Bevan Money, a new UK-based applicant challenger bank for public sector workers, has partnered with Sopra Banking Software (SBS) for its core banking technology.
Bevan Money partners Sopra Banking Software
Claiming to be the UK’s first lender specifically backing public sector workers, Bevan Money aims to provide mortgages for first-time buyers and later-life borrowers as well as provide “ethical accounts for bigger-picture savers”.
The start-up has officially completed the pre-application stage of the Bank of England’s New Bank Start-up Unit, enabling it to submit a formal application to regulators. On receiving authorisation, it aims to launch sometime in late 2023 or early 2024.
“Our procurement process was prolonged because we had to get it right,” says Mel Lane, CEO of Bevan Money.
“The Sopra Banking Platform technology, their commitment and investment in onwards development, but also their willingness to understand and embrace the culture we want to develop, were all key to our final decision,” Lane explains.
SBS is a subsidiary of the Sopra Steria Group, a European consulting, digital services and software provider. It claims over 1,500 financial institutions from over 80 countries as clients.
