Shawbrook Bank extends technology partnership with Quinnox
The specialist bank strengthens its relationship with Quinnox as it ramps up its technology evolution
LONDON, UK: 05/11/20
Shawbrook Bank, the UK’s specialist bank for SMEs and consumers, has announced it has strengthened its strategic partnership with technology firm, Quinnox.
Quinnox, an organisation specialising in data-driven technology solutions, has worked with Shawbrook since 2018 and has provided the bank with development, data, Cloud and business application support.
Shawbrook is ramping up its technology evolution, tapping in to Quinnox’s expertise to deliver enhanced cloud services for customers as well as operational effectiveness across the bank.
To that end, the two firms have signed a new agreement which elevates Quinnox’s partnership status with Shawbrook. This will allow more flexibility in the types of software and services Quinnox is able to provide to the bank.
Quinnox has been a critical partner for Shawbrook since being onboarded in 2018 and has worked closely with the bank on several business-critical and strategy-led projects.
Russ Thornton, Shawbrook Bank’s Chief Technology Officer, said: “The relationship between both organisations and teams has grown year-on-year, and we are very pleased to be extending Quinnox’s remit as part of Shawbrook’s technology evolution.”
Russ continued: “The Quinnox team is fully integrated into Shawbrook technology and business teams – it also has a Shawbrook branded office space in their Bangalore location.
“In Quinnox, we have a strong and capable partner that is very flexible and able to meet the demands of the Shawbrook business at pace. They are a key scale partner as we look to deliver enhanced cloud services for our clients in the UK as well as driving operational effectiveness across the bank.”
Quinnox – which writes its own software products as well as providing technology services – has successfully supported Shawbrook in several areas across its technology and finance operations.
More recent projects include supporting the bank with technology initiatives following the outbreak of Covid-19, such as launching its online payment holiday application process for customers as well as creating the bank’s digital home working assessment for over 800 staff.
Somnath Chakraborty, SVP & Head of Europe at Quinnox, said: “The provision of our expertise and support to Shawbrook through this exciting partnership extension will accelerate the bank’s technology fuelled business transformation.
“We are delighted to be strengthening our partnership and we look forward to supporting the bank further to provide optimal value to Shawbrook’s customers.”
*****ends*****
About Shawbrook Bank:
Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. We are a growing UK specialist bank that challenges the conventional approach of the mainstream banks, with our thoughtful and good-sense approach to the way we do business.
About Quinnox:
Quinnox is your agile, business-results-driven digital technology partner. With the power of human and applied intelligence, we simplify business processes, improve customer experiences and create exceptional business value for forward-thinking enterprises. With the combination of cognitive solutions, conversational platforms, SaaS solutions, human and applied intelligence, we capitalize on new technologies to accelerate growth, innovation, efficiency and resilience. Our data-driven digital solutions unlock the hidden potential of your business across your digital value chain, helping to accelerate success, today and tomorrow. Quinnox has the privilege to serve as a strategic technology partner to several of the world’s prominent and global Fortune brands, as well as companies who are leaders in very specialized industries. We have not just taken the game to the next level, but changed the game for many of our customers across various industries.
Safe Harbor
Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. These filings are available at www.sec.gov. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
Joe O'Brien
Corporate Communications and PR Manager
01277897488 OR 07585104961
joseph.o'brien@shawbrook.co.uk
About Shawbrook Bank
Shawbrook is a specialist UK savings and lending bank founded in 2011 to serve the needs of SMEs and individuals in the UK with a range of lending and saving products. We are a growing UK specialist bank that challenges the conventional approach of the mainstream banks, with our thoughtful and good-sense approach to the way we do business.
Proudly Different.
