Business Model

Banxlocal.uk business model is a new and emerging, Access as a Service proposition

A truly open framework channel providing multi-access from one single platform. A solid foundation and infrastructure of 400 branches across the UK, allows for continued innovation to bring further products, services, and revenue streams as part of our multi service pillar. This will lead to banxlocal.uk becoming a global and international player.

Our three-pronged approach

A three-pronged approach to ensure commercial viability, sustainability and scalability

Payments System

Providing access digitally and physically for deposits and withdrawals and products for all banking partners.

Open Architecture

Our MVP is an open architecture platform giving access to multiple products from multiple banking partners.

Open Banking

A truly open framework channel providing multi-access from one single case platform.

The innovation of the last 15-years is brought together in a new and unique way never seen before.

The Core

The centralised core banking system (CBS) is the foundation of our central services.


The Core

The CBS will enable the business to run its daily operations integrating directly with SaaS providers and partner banks via rest APIs where available. Allowing for a true omni-channel customer experience.

Customer information management

Managing customer information such as names, addresses, contact information, account numbers, and account balances.

Account Management

Maintenance of records of deposits, withdrawals and transactions related to partner bank accounts.

Document Management

Storage and retrieval of customer document including proof of identity / address, source of wealth, account statements, and legal agreements electronically.

Financial Crime

Financial crime prevention and detection through KYC checks, AML related transaction monitoring and fraud detection.

Regulatory Reporting

Generates reports and provides analytics enabling banxlocal.uk to make informed decisions about operations, customer behaviour and financial performance.

The Branch

Located in prime High Street positions, the branch is a technology enabled yet ultimately familiar traditional environment.

Trained and experienced staff are on hand to assist as required.


The Branch

Supporting the customer branch experience through a combination of customer service terminals, kiosks and digital displays.

Single Customer View

Banxlocal.uk terminals providing dashboard views aggregating customer data from multiple sources including account balances, document management and client due diligence.

Customer Onboarding

Manage the client onboarding journey, seamlessly handing off between banxlocal.uk app and branch.

Banxlocal.uk Kiosks

Customer kiosks providing access to account information, payment options and savings opportunities together with ATM facilities for partner bank cash deposits and withdrawals.

Bank Communication

Customers can speak directly with partner bank customer service representatives via banxlocal.uk private call booths.

Digital Displays

Real-time digital displays managed from the central services detailing savings product offers from partner banks.

The Super App

To support the out-of- branch experience, our Super App will be deployed and launched alongside the opening of the first branches.

The Super App

Fully Functional

Feature rich Super App offering access to all services including payments, savings, loans, currency exchange and much more…

Biometric identity verification

The app contains biometric identity verification which will be the primary mechanism to carry out in-branch identity verification. This includes voice, face and fingerprint recognition.

Secure Banking across Multiple Providers

See your savings, loans, current accounts and transactions side by side in a secure and independent platform.

App Features

Multi bank account overview

Leveraging open banking API’s, the banxlocal.uk app will provide customers with a portal to see and manage all their partner bank accounts in one place.

Payments and FX

Integrating payments, including foreign currencies, using open banking payments technology, the app will provide a cheaper and faster alternative to traditional card-based payment methods. No card reader fees. No scheme fees. No insufficient funds failures. No chargebacks.

Savings and Loans Marketplace

The app will provide customers with access to the ‘banxlocal.uk market’, a consolidated view of all available savings accounts, lending options and insurance products from which the customer can commence account opening seamlessly.

Identity Verification, KYC and AML

Banxlocal.uk will use the app as the primary mechanism to carry out in branch identity verification via a combination of push notifications and advanced biometrics already built into modern smartphones.

Seamless User Experience

The app to branch experience will be seamless. Customers can commence account onboarding in the app before handing off to customer services agents in branch.

Simplified Onboarding

Onboarding documentation then can be signed for digitally by the customer before being sent to partner banks for processing.