Your deposit business, run on a modern platform
Bondsmith runs the technology and operations behind your retail and wholesale deposits, ISAs included. Launch a new savings business through partners or migrate an existing book off legacy systems. No multi-year core programme. Live in under six months.
Start, grow, move or protect your deposit book
Launch a partner-distributed savings business
Partner-distributed deposits are diversified, sticky funding. Workplace platforms, fintechs and wealth platforms bring you depositors who are already inside an experience they trust.
Historically that meant a multi-year build: core changes, partner integrations, operations and reporting before the first pound arrived. On Bondsmith it is one implementation, with the partner APIs, onboarding and servicing already in place.
Add a new savings channel without touching your core
SME savings and Cash ISAs need their own onboarding, product rules and reporting. On a legacy core they take years to build and compete with everything else in the change queue.
Bondsmith runs the new channel on its platform alongside your existing book, so you launch in one implementation and keep the change risk away from your core.
Move an existing deposit book off legacy systems
Legacy savings stacks carry a high cost-to-serve and a change backlog that never clears. Every product tweak waits on the core.
Bondsmith runs the platform and the operations, from servicing and ISA administration to reporting, while deposits stay on your balance sheet and your team keeps product, pricing and oversight.
A failover for deposit-taking
When every savings product runs on one core, one outage stops deposit-taking across the bank.
Bondsmith can be set up in the background as a failover provider: an independent platform, configured and tested, that you switch deposit-taking to if your core goes down. A standing failover supports your operational resilience planning and impact tolerances for important business services.
One platform. Your licence, your brand, your balance sheet
What Bondsmith runs for you
Accounts and ledger
The full deposit lifecycle: accounts, ledger, interest, statements.
Partner & channel APIs
Everything a distributor or your own front end needs to open, fund and service accounts.
Onboarding & financial crime
KYC, screening and monitoring, configured to your policies.
Operations, run for you
BPO: servicing, client operations and oversight, including full servicing of existing books.
Regulatory reporting
The data your compliance and finance teams need, in the formats they need it.
Security & audit trails
ISO 27001 certified controls, with a full audit trail across the platform.
Live in under six months
- 1Initiate
- 2Discover
- 3Configure
- 4Test
- 5Launch partners
- 1Initiate
- 2Map your book
- 3Parallel run
- 4Migrate in tranches
- 5Decommission legacy
Customers keep their accounts, rates and terms.
- Do we replace our core?
- No. Bondsmith runs alongside your core, or replaces only the savings stack.
- Who holds the deposits?
- You do: your balance sheet, your customers, your account.
- What happens to customers during migration?
- Nothing visible. Parallel running and tranche-based migration, with no cliff-edge cutover.
- What about our operations team?
- We design the target operating model with you. Your team moves up the stack to product, pricing and oversight.
- Will this pass our risk committee?
- The platform has passed a top-tier UK bank’s acceptance and security testing.
- What if we need to exit?
- Exit and wind-down terms are agreed up front, including return of data and customer records in a usable format and a defined transition period. Your deposits and customers are yours throughout.
See the live platform
We will show you the platform and map what your timeline would look like, for a new launch or an existing book.