Sandstone Technology selected to power Chetwood Bank’s new digital savings platform
Chetwood Bank, a UK-based challenger, has selected Aussie banking tech vendor Sandstone Technology to power the launch of its new digital savings platform.
Chetwood Bank taps Sandstone Technology
Sandstone has integrated its Software-as-a-Service (SaaS) savings origination platform, BankFast Apply, and its online servicing internet banking platform, BankFast Online, into Chetwood’s banking core.
BankFast Apply supports automated tranche management and document upload features through its provision of “an engaging and hassle-free application experience”, according to the vendor’s website.
The same technology was extended to the digital SME customer channels of Wesleyan Bank, based in Birmingham, UK, in 2021.
Chetwood first announced its plans to develop an Easy Access savings product and savings platform when it rebranded from Chetwood Financial Limited in October.
This was after the bank acquired buy-to-let mortgage lender CHL Mortgages from Barossa Asset Purchaser Sarl in May.
