Chetwood Bank has signed a deal with Target that sees the business processing firm manage the digital challenger’s loan products.  

The bank, which also owns broker-only landlord lender ModaMortgages, says the agreement means Target now handles its “full end-to-end loan account management”.

Chetwood Bank chief operating officer Julian Hynd says: “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.” 

Target Group growth director Melanie Spencer (pictured) adds: “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.