Bank North

21 results about this entity

Period: 16 Dec 2019 - 11 Oct 2022

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LHV UK to buy SME lending business of Bank North

/wholesale

LHV UK to buy SME lending business of Bank North

LHV UK is to buy the SME lending business of Manchester-based Bank North, which is winding down its operations after failing to fully capitalise the bank.

Bank North goes to the wall

/startups

Bank North goes to the wall

Bank North, the Manchester-based banking startup aiming to disrupt the UK’s £150 billion SME lending market, is to wind down its operations after failing to secure a new funding round.

/people

Bank North grows executive team

Bank North, the UK's first truly regional business bank of the modern era, has appointed a Head of Valuations, Head of Financial Reporting and Financial Control, interim Head of Underwriting, and acting Treasurer, along with two other key hires.

/startups

Bank North commences lending in the North West

Bank North, the UK's first truly regional business bank of the modern era, has commenced lending from its first regional pod in Manchester, hot on the heels of signing a debt facility with Insight Investment in December 2021.

/people

Bank North appoints head of savings ahead of full launch

Bank North, the UK's first truly regional business bank of the modern era, has appointed Louise Halliwell as Head of Savings.

/regulation

Bank North turns to Vermeg for regulatory reporting

Vermeg, the leading global provider of regulatory reporting and collateral management solutions, announces that Bank North, the UK's first truly regional business bank of the modern era, has signed a multi-year licence for its flagship regulatory reporting platform, AgileREPORTER.

/people

Bank North grows team ahead of lending launch

Bank North, the UK's first truly regional business bank of the modern era, has grown its team further, including adding Neil Boycott as Head of Credit Risk, as the bank continues to progress through its mobilisation phase. It was granted its banking licence (Authorised with Restrictions) by the Prudential Regulation Authority in August.

/retail

Bank North selects Validis' APIs for SME lending

Validis, the provider of open accounting data analytics, announces its latest partnership with Bank North, the newly accredited SME-focused digital bank.

/people

Bank North strengthens board after licence award

Bank North, the UK's first truly regional bank of the modern era, has appointed Deepak Haria and Madis Toomsalu to its board.

SME lender Bank North secures banking licence

/startups

SME lender Bank North secures banking licence

Bank North - previously B-North - is set to begin operations as a regional SME lending bank in October after securing a restricted banking licence from the Prudential Regulation Authority.

/people

B-North strengthens team with five senior hires

B-North, the Manchester-based challenger building an SME lending bank for the UK has further strengthened its team with five important hires in its finance and risk teams.

/startups

B-North adds to ‘Bridge Round’ with overfunded raise

B-North, the Manchester-based firm building an SME lending bank for the UK, has so far raised more than £560,000, exceeding the £500,000 target set in an extension of its latest funding round.

/startups

B-North partners with Testhouse to ensure banking platform is ready for launch

B-North the Manchester-based firm building an SME lending bank for the UK has partnered with Testhouse, a leading technology quality and reliability consultancy.

LVH to invest £4.45 million in B-North

/startups

LVH to invest £4.45 million in B-North

Estonian financial services firm LVH is to invest £4.45 million in B-North, the Manchester-based firm building a regional SME lending bank for the UK.

/people

B-North adds new head of operational risk and compliance

B-North, the Manchester-based firm building a regional SME lending bank for the UK, has appointed Jackie Ewer as Head of Operational Risk & Compliance.

/startups

B-North raises a further £1m as it nears banking licence

B-North, the Manchester-based firm building an SME lending bank for the UK, has raised a further £1m as it moves closer to obtaining regulatory approval.

/wholesale

B-North taps Wiserfunding for SME credit risk assessment

B-North, the firm building an SME lending bank for the UK, has chosen Wiserfunding as its risk grading partner.

/regulation

SME lender B-North chooses TruNarrative for customer onboarding, verification and fraud prevention

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.

/payments

B-North appoints head of internal audit

B-North, the Manchester-based firm building an SME lending bank for the UK, has grown its team again with three new audits, accounting and marketing hires. The move comes as the lender – which will bring fast, efficient funding to the under-serviced SME market – counts down to its Q2 launch of lending activities, following further infrastructure and services construction in 2019.

SME lending challenger B-North completes £2 million crowd raise

SME lending challenger B-North completes £2 million crowd raise

B-North, the Manchester-based firm building an SME lending bank for the UK, has secured £2 million of financing from crowdfunding platforms Crowdcube and Growthfunders, adding to the £4.2 million it has raised in previous rounds.

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