About Us

Anything's possible when you put our minds to it.

Why Banking Works

Banking Works solves the biggest challenges in lending through the innovative application of people, technology and data.

Our offer works because it's borne of our years of experience, managing millions of customer transactions and conversations. It works because of our design, technology and data expertise. Because of the platforms we provide and manage for our customers. It works because we're always asking how we can improve and innovate, each and every day.

It's why we are confident to say, "Anything's possible when you put our minds to it".

Senior Team

  • Diane is our high-level number cruncher. Alongside overseeing finance, compliance, and risk management, she provides vital contributions to the company’s growth and development. Diane’s experience has been forged over 25 years across tax, accountancy, and commercial roles. She has delivered on a range of ambitious investment projects across multiple growth businesses in the North West.

    Diane Roberts

    Finance Director

  • Linda drives the delivery of operational excellence at Banking Works. Her thirty years in Financial Services has given her a deep knowledge of lending products. She's our client success leader. Ensuring we dig into every client challenge, unearthing a solution that best fits the need.

    Linda O'Neil

    Operations Director

  • Harvey owns the Banking Works IT function. Not only responsible for the delivering our IT strategy and associated projects, he also finds time to manage our IT service desk team.  He makes sure we're always up-to-date with latest technologies, advising on new solutions to ensure we keep on evolving our business capabilities.

    Harvey Gill

    IT Director

Business founded as VLS

Banking Works started life in 1999 as Virtual Lease Services, a boutique startup providing portfolio management, administration and consultancy services to the Asset Finance and instalment credit market

Building a specialist consultancy

Consultancy was one of the three pillars offered by VLS from day one. Reflecting market opportunities at the time, the team carved out a niche providing specialist expertise in systems and acquisitions to the lending sector.

VLS launches lending

In 2003 the business evolved to include a lending business. Leveraging our experience gained scaling portfolios for others. Our ambition was focused on building our own lending book in the emerging payments sector.

VLS acquired

VLS success and growth as a lending business caught the attention of the market and was acquired by Universal Leasing Group.  The business was retained through subsequent disposals as a subsidiary of GFKL Financial Services.

Moving into Audit & Assurance

A decision was made to pivot the business during the global financial crisis.  Active in supporting portfolio and business acquistions, we created a distinct Audit & Assurance service for asset based lenders and senior debt providers.

From crisis comes opportunity

Emerging from the Global Financial crisis intact, we exited the lending space to focus on building out a payment solutions service proposition.  To kick-start the effort we partnered with several UK funders and payment service providers to create a marketplace offering.

Introducing Standby

Our credibility and expertise in receiveables management was demonstrated when we were selected to provide Standby services to CIT Group (now PEAC Finance), a leading independent asset finance lender . This marked the introduction of Standby servicing to our wider lending audience. Our relationship with PEAC as Standby partner continues to this day.

VLS acquired again

By 2011, VLS had recovered its market position and grown both its client list and team. This succesful growth led to the business being acquired through a joint venture between Investec Asset Finance and NASDAQ listed Netsol Technologies.

Pioneering securitisation

In 2013 we were appointed Standby servicer for the first novel UK SME lease securitsation placed by Investec Asset Finance

Venturing into POS

In 2015, VLS disposed of our payment solutions service and embarked on supporting Retail Finance point of sale start ups.

Mapping a digital future

In 2017, VLS kicked off an internal review of both service and operations. Recognising changes in the market and wider sector, it acknowledged the need for change. The resulting strategy and roadmap steered a decision to invest in a significant business transformation programme. The plan focused on developing out a technology and data offer to both support and diversify the solutions provided to clients.

A change in ownership

In 2019,  Netsol Technologies became the sole owner of VLS.

Becoming Banking Works

Our new Banking Works brand signifies the evolution of our team and business capability and the culmination of our comprehensive two year business transformation.  Our unique blend of expertise gained over 20 years working with some of the UKs leading banks and lenders, coupled with our new technology and data focus will support financial services businesses to achieve there own transformation ambitions.

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