UK challenger bank, Gatehouse Bank, today announced the formal launch of its Shariah-compliant home finance platform, based on the state-of-the-art ‘Apprivo2’ technology developed by financial services software provider, BEP Systems.
Using cloud-based, mobile-ready technology, the bespoke case management platform will enable intermediaries to effortlessly process home finance and buy-to-let applications from enquiry through to completion.
The platform will be supported by a team of specialists based at Gatehouse Bank’s recently opened Customer Service Centre in Milton Keynes. The bank currently offers buy-to-let finance and plans to roll out Shariah-comp...
1 and 2 Year fixed-term savings rates from challengers over 1% higher than high street on average
Challengers beat high street instant access accounts by 0.85% on average
Research by Gatehouse Bank highlights the gulf between challengers and established players
London, 12 March 2018 – Challenger banks are eclipsing the High Street’s big names with savings rates more than 1% higher on average, new research by UK challenger bank, Gatehouse Bank, revealed today.
The average 1 Year fixed-term deposit account offered by UK challenger banks pays an eye-opening 1.18% more than the equivalent on the high street — 1.82% compared to 0.63%*.
Ask someone on the street about Shariah-compliant banking or finance and chances are you’ll receive a blank look. Even Muslims often don’t know where to get started with it and that’s why many end up with standard bank accounts, even though they don’t really want one.
But you are going to hear more and more about Shariah-compliant financial services in the coming years as its importance, has the potential to intensify taking into consideration Brexit-related uncertainty, comes to the fore. Challenger banks are nothing new, but within the challenger bank community there is without doubt a new kid on the block.