- Ethical, UK-based savings and loan Charity Bank announced a strategic partnership with digital banking solutions provider Sandstone Technology to power development of its mobile savings app.
- Charity Bank and Sandstone Technology have been collaboration partners for more than a decade.
- Headquartered in Sydney, Australia, Sandstone Technology made its Finovate debut at FinovateEurope 2012, and most recently demoed on the Finovate stage at FinovateEurope 2016.
Charity Bank has forged a strategic partnership with Sandstone Technology to power development of its new mobile savings app. The app will offer a variety of enhanced, self-service capabilities, feature robust security, and provide a suite of modern tools to help meet the needs of Charity Bank’s customers. The technology supports seamless updating, rapid product launches, and a consistent user experience. The app is expected to be available to Charity Bank customers in the spring of 2026.
“Partnering with Charity Bank on this initiative is both exciting and rewarding,” Sandstone Technology Chief Customer Officer Jennifer Harris said, “Mobile is now the channel of choice across all demographics, and this solution reflects the importance of delivering banking experiences that are intuitive, flexible, and future-ready. Our collaboration is built on trust and innovation, and this project showcases our shared vision for the next generation of digital banking.”
Charity Bank is an ethical savings and loan wholly owned by charitable foundations, trusts, and social purpose organizations. The institution uses savers’ deposits to provide loans to organizations in the UK that are working toward positive social change for individuals, communities, and the environment. Since 2002, Charity Bank has lent more than £600 million to charities and social enterprises across the UK.
Sandstone Technology is a long-time technology partner of Charity Bank, having collaborated for more than a decade. The current partnership to develop the institution’s mobile app represents the latest milestone in Charity Bank’s digital transformation journey designed to enhance the customer experience and make access to ethical banking available to more banking customers.
“We are thrilled to take this next step with Sandstone Technology,” Charity Bank Director of Operations and Savings Justin Hort said. “Launching a mobile app is a major milestone that reflects our commitment to evolving with our savers’ needs. We’re focused on delivering a seamless, modern and intuitive experience—and with Sandstone’s proven track record, we knew they were the right partner to bring this vision to life.”
Headquartered in Sydney, Australia and founded in 1996, Sandstone Technology made its Finovate debut at FinovateEurope 2012. The company, which offers solutions for loan origination, digital banking, and digital onboarding, most recently demoed on the Finovate stage at FinovateEurope 2016. Abhish Saha was appointed CEO in 2022 after previously serving as the Executive General Manager of the company’s Digital Banking & Elevate business unit. Saha replaced Michael Phillipou, who had been Sandstone Technology’s CEO since December 2020.
More recently, Sandstone Technology earned recognition for its partnership with UK-based Chetwood Bank, helping the institution deploy its digital savings platform that has contributed to a 39% increase in customers completing the application process and opening a savings account.
Photo by Mark Hansen on Unsplash
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