GB Bank has teamed with Digital Engineering provider Persistent Systems to build its digital-first IT infrastructure and support the bank’s ongoing operations. GB Bank is a new specialist bank that aims at enhancing economic growth and prosperity by becoming the real estate development finance lender of choice in underserved UK regions.

GB Bank quickly constructed a bespoke cloud architecture utilizing Persistent’s Digital Bank and Credit Union Solution using a ‘digital mosaic’ methodology. A microservices-based integration layer and pre-built integrations are at the heart of the solution, allowing the best technologies to deliver on the specific vision to be chosen. Persistent’s solution allows the bank to quickly add or replace certain technologies, eliminating vendor lock-in and ensuring a future-proof architecture that can grow and change with the bank’s strategy.

GB Bank’s strategy for delivering on its goal is to provide great customer service through technology-enabled relationship managers. Rather than depending on traditional banking systems, the UK’s newest challenger bank is working to create an ecosystem of solutions, including payment and reporting capabilities that can be dynamically incorporated or removed in response to a growing business’s changing demands. GB Bank has carefully picked cloud-based solution providers such as Mambu, OutSystems, and AWS to guarantee the best-in-class features are deployed. Persistent uses its Digital Bank and Credit Union Solution to integrate them all.

Stephen Lancaster, CEO at GB Bank, stated that for many developers, obtaining financing remains a challenge, and it is their goal to make it a much smoother, more simple process.  They want to provide their customers with the assistance and resources they deserve, so they’ve surrounded themselves with a network of talented partners to help them launch the bank. They wanted a systems integrator with a track record of implementing an agile, composable infrastructure to guarantee success at every level. The team at Persistent has committed their ability and experience to transforming their vision into operating reality, which has been a substantial investment for GB Bank.

Jaideep Dhok, SVP & General Manager, Banking, Financial Services & Insurance, Persistent Systems, remarked that challenger banks, like GB Bank, are critical to the shifting financial landscape because they offer a simple and specialized service to niche sectors, such as the Northern property developers that GB Bank will help. Their Digital Bank and Credit Union Solution combines the best of SaaS solutions to ensure that the complexity of constructing IT infrastructure translates into the simplicity and flexibility required by the bank, allowing it to provide excellent customer service while being supported by a sophisticated and flexible technical platform.

About GB Bank

GB Bank is a positive force committed to encouraging economic growth and prosperity in the UK’s disadvantaged areas. Being at the center of a property development eco-system dedicated to revitalizing communities across the UK is driving good change.

For more information, visit https://www.gbbankgroup.com/ 

About Persistent

Persistent Systems is a global services and solutions company delivering Digital Engineering and Enterprise Modernization with over 18,500 workers in 19 countries. Forbes Asia’s Best Under a Billion 2021 list recognized Persistent for its sustained top-and bottom-line success as well as growth.

For more information, visit https://www.persistent.com/

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