Chetwood Bank partners with Sandstone Technology to Accelerate Launch of New Digital Savings Platform

LONDON, UNITED KINGDOM: 3 December, 2024 

Chetwood Bank Partners with Sandstone Technology to Accelerate Launch of New Digital Savings Platform 

Strategic collaboration between Chetwood Bank and Sandstone Technology delivers a fully integrated savings solution, meeting urgent market demand and compliance requirements in record time. 

Sandstone Technology, a trusted partner in digital banking solutions, is proud to announce its successful collaboration with Chetwood Bank to deliver a new digital savings platform. As Chetwood Bank aimed to rapidly introduce their easy access savings product, the bank turned to Sandstone Technology for their strategic expertise and proven track record in delivering swift, compliance-focused digital banking solutions. 

With an urgent need to bring their savings product to market, Chetwood Bank sought a partner capable of working closely with their internal teams, understanding their specific goals, and implementing a solution within a tight timeframe. Over the course of just seven months, Sandstone Technology worked with Chetwood Bank to integrate its SaaS savings origination platform, BankFast Apply, and its online servicing internet banking platform, BankFast Online, fully integrated into the Bank’s Core Banking system. 

“We’re thrilled to be working with Chetwood Bank on this transformative project,” said Jennifer Harris, Chief Customer Officer, Sandstone Technology. “From the very start, this was a true partnership. Our teams worked side by side to ensure that the solution was not only delivered swiftly but also aligned perfectly with Chetwood’s strategic goals. The financial services landscape is changing rapidly, and banks are looking for digital solutions that can be implemented quickly with a cloud-first approach, while meeting all regulatory requirements. Our work with Chetwood Bank underscores how effective collaboration and a focused approach can deliver remarkable results in a short timeframe.” 

Carly Morris, Head of Savings, Chetwood Bank, added: “Our decision to partner with Sandstone Technology was driven by their ability to understand our business needs and move quickly to deliver a solution that met our compliance requirements. Working with Sandstone Technology was a strategic choice, and their close collaboration with our teams allowed us to deliver a new digital savings experience for our customers faster than we thought possible.” 

This partnership demonstrated the strength of shared vision and seamless teamwork. By aligning closely on strategy and objectives, both teams ensured that the digital savings platform was delivered on time, meeting all regulatory and operational requirements. The successful implementation highlights how collaborative partnerships can unlock significant value for both customers and organisations. 

About Chetwood Bank 
Chetwood Financial Limited, trading as Chetwood Bank, is a fully authorised UK bank dedicated to getting the basics right and offering straightforward savings and mortgages. Our no nonsense approach is designed for real people and their real lives. 

Chetwood Bank is a trading name of Chetwood Financial Limited, company number 09964966. Chetwood Financial Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, under registration number 740551. Authorisation can be checked on the Financial Services Register at www.fca.org.uk. We’re also registered with the Information Commissioner’s Office under registration ZA218401 and we’re a member of CIFAS, the UK’s leading fraud prevention service. Chetwood Financial Limited is registered in England and Wales and our offices are at Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.