Conister Bank, part of Manx Financial Group PLC (AIM:MFX), is excited to share how its fully digital deposit system, launched last year, has been evolving to meet the needs of UK customers. This system marks a significant step forward in making banking simpler and more accessible, building on the success of Conister’s digital services in the Isle of Man, which now account for more than 70% of its lending.
The new platform is all about making banking simple and hassle-free. Here’s what it offers:
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Self-Service Tools: Giving customers control to manage their accounts anytime.
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Fast Account Setup: A quick and easy process to get started.
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Flexible Onboarding: Designed to fit different customer needs.
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Mobile Access: Manage your account on the go.
The response so far has been great, with almost two-thirds of customers giving top marks for customer support, highlighting how helpful and responsive the team has been.
In the past, most of Conister’s deposits came from the Isle of Man, even though a lot of its lending has been focused on the UK. With new permissions from the Bank of England and the FCA, Conister is now ramping up its efforts to grow both its lending and deposits in the UK.
Haseeb Qureshi, Chief Operating Officer at Conister Bank, said:
“We’re really pleased to bring our easy-to-use digital platform to UK customers. It’s designed to be simple and efficient while keeping the personal touch that our customers expect. Going digital is a key part of our plan to grow, but what’s most important is making sure our services align with the values and trust we’ve built over the years.”
Conister Bank has been around since 1935 and has a long history of helping customers with their deposits and lending. With its UK deposit-taking licence granted in 2023, the bank is set to grow even more, expanding from its Isle of Man roots. Over the last decade, Conister has lent over £1.5 billion and currently looks after more than £400 million in deposits for over 100,000 customers.
Douglas Grant, Group CEO at Manx Financial Group PLC, added:
“Getting UK deposit permissions from the Bank of England and the FCA shows how solid our plans and governance are. This step lets Conister continue supporting the SME sector, which is so important to British business. We’re committed to offering smart financial products and keeping the personal service that’s made Conister stand out for decades.”
As Conister Bank grows its presence in the UK, its focus on digital tools and customer-first solutions makes it a strong choice for retail and business customers looking for modern, reliable banking.