Charter Savings Bank has deployed SunGard’s integrated treasury and risk platform to help it meet regulatory system requirements in obtaining its banking licence.
The branchless retail bank, specialising in savings, loans and deposit services for UK customers, launched this week. Sebastien Maloney, Charter Savings Bank’s chief financial officer, comments: “Our vision was to create a bank that provided straightforward savings accounts with competitive rates, backed by reliable service. This week marks an exciting time for us , the launch of our savings products to consumers. We wanted to ensure that our launch was supported by strong governance and the best technology to mitigate risk, so being able to access SunGard’s latest technology and integrated treasury and risk platform was a key driver in our reason to form the partnership.”
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