Apak Group, a Sopra Banking Software company, is delighted to announce that it has been selected by Charity Bank as its preferred supplier for its new core banking platform utilizing Apak Group’s Aurius product.
Charity Bank is an ethical bank that uses its savers' deposits to lend to charities and social enterprises. Shareholders are all charitable trusts and foundations or social purpose organizations. Since 2002, Charity Bank has issued over 950 loans totalling over £250 million to organizations committed to positive social change.
Aurius is a next-generation banking platform designed specifically for organizations like Charity Bank which attract long-term depositors in order to fund specialist lending into specific markets. The platform facilitates low-to-zero-touch acquisition of depositors’ funds combined with highly configurable and flexible lending support.
Edward Siegel, Chief Executive at Charity Bank said “Charity Bank is the trusted partner for ethical savers and social purpose organizations, and we aim to make our loan and savings processes as helpful and straight forward as possible. As part of our commitment to that goal a new banking system was one of several initiatives that we identified. We believe that Aurius’s embedded process efficiencies and workflow capability will enable Charity Bank to streamline processes whilst reducing risk, allowing us to quickly respond to changing needs in the market.”
With 40 years’ experience of providing specialist financial systems, Apak Group has become an established provider of expert business and technological solutions for the retail and commercial banking sector.
Tony Allen, President and CEO at Apak Group comments “We’re delighted to have been selected as preferred supplier to Charity Bank. We believe that Aurius is a perfect fit for Charity Bank and we look forward to helping them achieve their goals through the development of a long-term partnership.”
About Charity Bank
Charity Bank is the ethical bank owned by and dedicated to supporting charities and social purpose organizations. All of its shareholders are charitable trusts, foundations and social purpose organisations. Charity Bank is one of the world’s most ethical companies, according to research carried out by The Good Shopping Guide. Charity Bank is also the only bank in the UK with the Social Enterprise Mark, recognizing its social purpose and social sector ownership.
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About Apak Group
Apak Group, a Sopra Banking Software Company, has 40 years’ experience of providing specialist financial systems to the global asset finance and banking sectors. Our products have been designed by in-house financial software specialists, utilizing their extensive knowledge and long-term experience of working within the financial services industry. Our specialist teams work with business and IT leaders to help translate their strategic business agendas into IT initiatives and solutions that measurably improve performance.
For more information follow us on Twitter @ApakGroup or visit www.apakgroup.com
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About Sopra Banking Software
With 4,000 experts, a pro forma turnover 2018 of € 373.7 million and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 800 banks in more than 70 countries. Sopra Banking Software has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in digital transformation, with more than 44,000 employees. In 2018, Sopra Steria achieved generated a revenue of € 4.1 billion.
For more information follow us on Twitter @SopraBanking or visit www.soprabanking.com
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