CSI’s tech to underpin new UK challenger Bevan Money

Bevan Money, the new applicant UK challenger bank for public sector workers, is partnering with CSI for its technology needs.

Bevan is designed for UK’s public sector workers

Founded in 1983 and headquartered in Birmingham, UK, CSI offers hybrid multi-cloud, data protection and cyber security solutions to their clients’ businesses.

The firm claims to organise “complex workloads, draw value from data” and be the “first line of defence” against digital threats.

Mel Lane, CEO of Bevan, says CSI’s technology will help the bank become “robust and resilient to keep our business and customers online 24/7”.

Claiming to be the UK’s first lender specifically backing public sector workers, Bevan Money aims to provide mortgages for first-time buyers and later-life borrowers as well as provide “ethical accounts for bigger-picture savers”.

The bank is on track to submit its application for authorisation this quarter. On receiving authorisation, it aims to launch sometime in late 2023 or early 2024.