Target Group, a Tech Mahindra company, has agreed a deal with Chetwood Bank to manage the bank’s loan products in the UK.
Target Group will provide full end-to-end loan account management for the digital challenger bank.
Melanie Spencer, growth director at Target Group, said: “We’re thrilled to announce our new strategic partnership with Chetwood Bank.
“This collaboration marks a significant milestone in Target Group’s growth journey and reflects our shared commitment to delivering innovative, tech-enabled solutions that meet the evolving needs of customers.
“Partnership lies at the heart of our strategy, and working alongside Chetwood Bank offers us a chance to combine our strengths.”
Spencer added: “Together, we can unlock new opportunities, enhance service offerings, and deliver exceptional outcomes across the financial services landscape.”
“This deal shows the growing momentum behind Target Group and demonstrates the impact of our talented team.
“We’re proud to be chosen as a trusted partner and excited about the value this relationship will bring to both organisations and to the customers we serve.”
Julian Hynd, chief operating officer at Chetwood Bank, said: “We’re pleased to have partnered with Target Group to support our loan customers.
“The speed and quality of the implementation – going live in under 100 days — has been impressive.
“Target’s expertise in loan servicing and customer experience made them a natural fit for this project, and we’re confident our customers are in good hands.”
