Bank on Dave gearing up for launch in 2018
Burnley Savings and Loans, a lending company based in Burnley, UK, is awaiting a banking licence from the UK regulator for its Bank on Dave challenger bank.
Burnley Savings and Loans was founded by David (Dave) Fishwick, a local businessman, in September 2011. The company describes itself as “a fair and friendly loans facility to the people and businesses of Burnley and Lancashire, and we’ll do it with genuine personal service for our customers”.
Bank on Dave hopes to launch in 2018, subject to regulatory authorisation.
Finastra’s Fusionbanking Essence will be the bank’s core system, Banking Technology understands.
With so many new entrants trying to muscle into the UK banking sector, Banking Technology has put together a comprehensive list of the known challengers to date and the technology they are using.