Last month, Societe Generale reported an unexpected profit in the fourth quarter, beating forecasts that the French bank would make a loss partly due to tax-related charges and restructuring costs.
The company is backed by well-known investors including PayPal, Thrive Capital, Index Ventures and Ribbit Capital.
As a FinTech-driven bank, we seek to position ourselves in the most scaleable way. With its tech-driven securitisation product, CrossLend supports our growth and diversification.
Net lending for prime mortgages, which include most products other than buy-to-let mortgages, was £4.3bn in the three months to December 31 down from £7.3bn in the same quarter of 2016.
With around 100 places available, it will roll out sector-specific programmes across IT, HR and cashiering.
JC Flowers prepared NIBC for an IPO a decade ago, but had to change course when the financial crisis crippled the bank, which had made large bets on U.S. subprime mortgage loans.