SME lender B-North chooses RegTech platform TruNarrative to provide top-level onboarding
B-North, the Manchester-based firm building an SME lending bank for the UK, has chosen Leeds based RegTech innovator, TruNarrative, to provide a full suite of customer onboarding and compliance capabilities that will enable B-North to deliver crucial business lending up to 10x faster than large incumbents.
TruNarrative’s platform capabilities will be added to B-North’s selected technology stack providers, which already includes core banking from Mambu and loan originations workflow from nCino (the first time that both providers have integrated their solutions together for business lending).
Founded in 2018, B-North is led by a team of former senior leaders from Atom Bank, Metrobank, First Direct and Santander. They aim to challenge the current SME lending landscape, offering mid-to-high value loans with the face-to-face experience of a traditional bank and the speed and efficiency of a modern fintech lender.
B-North will grant loans of between £500k and £5m and is architected to deliver secured loans to SMEs in as little as 10 days, delivering capital to businesses up to 10x faster than incumbent banks and lenders.
TruNarrative’s technology will enable B-North to rapidly and compliantly deliver their lending products to market. Their technology is trusted around the globe across a range of industries, including banking, lending, eCommerce and payment services.
