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Project

The provision of shared current account services for the association’s members / Full current account banking in the UK’s first multi-institutional shared banking platform.


Solution

Bayberry came up with a solution model and conducted a tender process which was won by the Cooperative Bank.


Results

An innovative low risk service delivery model which provided current account banking in the UK’s first multi-institutional Shared Services Banking Back office.

Bayberry has been integral to the success of this service, from concept development through to a multi-bank tender process and negotiations. Their vision and drive combined with a hands-on approach has been instrumental.

Mark Lyonette CEO, ABCUL

I can confidently tell you there is no other current account offering in the UK that got off the ground for less than £4m investment, has the transaction pricing we enjoy for less than 40k users and costs only £90k a year to have a bank provide all the back office heavy lifting for 25 CUs. There is no model even close to that.

Mark Lyonette CEO, ABCUL