Sandstone Technology
Sandstone Technology is an Australian private software company that provides cloud-based loan origination, digital banking, and digital origination platforms to banks and building societies across Australia, the UK, and Asia under multi-year enterprise licenses.
- Company typePrivate
- Founded1998
- HeadquartersNorth Sydney, Australia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Sandstone Technology does
Sandstone Technology is a privately held Australian software company, founded in 1996 and headquartered in North Sydney, that provides cloud-based digital banking platforms to financial institutions globally. Its product suite consists of three integrated modules: Loan Origination (end-to-end lending workflow from application to approval), Digital Banking (feature-rich mobile and internet banking), and Digital Origination (24/7 product discovery and onboarding for both new and existing customers). The company sells exclusively into the banking, building society, and financial institution segment, with named customers spanning Australia (SBS, AusWide Bank, Bendigo and Adelaide Bank, Great Southern Bank, IMB, CUSA) and the UK (ING Bank, TSB Bank, Chetwood Bank, Charity Bank, Market Harborough Building Society).
The company operates an enterprise B2B go-to-market with direct field sales, demonstrated by 'Book a demo' and 'Talk to us' CTAs and annual Customer Forums in Australia and the UK. Its revenue model is recurring enterprise software licensing under multi-year contracts, evidenced by long renewal cycles including a six-year extension with Market Harborough Building Society that continues a partnership originating in 2015. The firm employs 101-250 people and maintains regional headquarters for APAC, the UK/Europe, and Asia, with no disclosed parent company, funding rounds, or acquisition activity. Leadership includes CEO Abhish Saha, Founder and Chairman Bob Hall, and CTO Anthony McKew.
Documented competitive advantages center on 25+ years of domain specialization in banking technology, an integrated end-to-end platform that operates as a cohesive ecosystem across the customer lifecycle, and high switching costs anchored in long-term contracts and deep operational integration. Quantified outcomes include a Great Southern Bank case study in which 40% of loan applications are approved in less than two days using Sandstone's loan origination platform. Industry recognition includes the IBS Intelligence Digital Banking Awards 2025 (Customer & Program Impact) and a Fintech Finance Awards 2025 finalist placement, both tied to the Chetwood Bank digital savings platform partnership.
Sandstone Technology firmographics
Firmographics- Name
- Sandstone Technology
- Legal name
- Sandstone Technology
- Website
- https://sandstone.com.au
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Sandstone Technology is an Australian private software company that provides cloud-based loan origination, digital banking, and digital origination platforms to banks and building societies across Australia, the UK, and Asia under multi-year enterprise licenses.
- Ownership category
- akta.pro rank
Sandstone Technology industry classification
Industry- Product category
- Digital Banking Software
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Loan Origination Platforms (LOS) & Digital Application Journeys (FSAGAHAA)
- akta.pro secondary industry
- Digital Account Opening & Onboarding (eKYC, eSignature, Origination) (FSAGAAAB)
Keywords
Where Sandstone Technology is headquartered
LocationHeadquarters
- HQ city
- North Sydney
- HQ country
- Australia
- HQ region
- Oceania
Offices3 records
Markets served
Sandstone Technology business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- Enterprise Software Licensing: Sandstone Technology provides end-to-end cloud-based banking solutions to financial institutions through multi-year licensing agreements. The partnership extensions (e.g., 6-year extension with Market Harborough Building Society) suggest contractual, recurring revenue from software platform licensing and support services.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Sandstone Technology product offering
Product offeringCore offering
Sandstone Technology provides cloud-based, end-to-end digital banking software to financial institutions, comprising three integrated solutions: Loan Origination (digital lending from application to approval), Digital Banking (mobile app and internet banking for customer journeys), and Digital Origination (24/7 product discovery and onboarding). The platform is sold to banks and building societies to modernize lending, digital channels, and customer acquisition.
Product overview
Sandstone Technology offers a unified platform with three core modules for financial institutions: Loan Origination, Digital Banking, and Digital Origination. These end-to-end cloud-based solutions work seamlessly together to provide a cohesive platform for retail and business banking. Loan Origination handles the lending process from application to approval, Digital Banking provides mobile app and internet banking capabilities, and Digital Origination enables customer acquisition through 24/7 product access. The three products integrate to serve the complete customer lifecycle from onboarding through ongoing banking relationships.
Differentiator
Problem solved
Functional benefit
Products and services
- Loan Origination Digital loan origination solution that helps banks and financial institutions streamline the lending process from application to approval, reducing manual workloads, improving operational efficiency, and delivering faster time-to-yes for customers.
- Digital Banking Feature-rich mobile app and internet banking platform that supports every stage of the customer journey, enabling banking anywhere, anytime, on any device, and driving customer acquisition and retention for financial institutions.
- Digital Origination Cloud-based origination platform that provides secure, 24/7 access to bank products and services, enabling both existing and new-to-bank customers to discover tailored offerings, reducing time-to-serve and removing onboarding friction.
Quantifiable outcome
- 40% of loan applications approved in less than two days (Great Southern Bank case study)
- +2 more outcomes
Companies that use Sandstone Technology
Customer profileNamed customers11 records
Segments1 record
Ideal customer profiles1 record
Sandstone Technology technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Sandstone Technology partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Market Harborough Building SocietycoreMarket Harborough Building Society extended its partnership with Sandstone Technology for six years, continuing a collaboration that began in 2015. The partnership focuses on digital banking modernization, enabling customer onboarding improvements, reduced manual workloads, and improved operational efficiency. Both organizations plan to focus on next-generation digital experiences including business account applications and further platform modernization.
- Charity BankcoreCharity Bank, a UK-based ethical savings and loan institution, partnered with Sandstone Technology to develop a new mobile savings app featuring enhanced self-service capabilities, robust security, and modern tools. The app launch is expected in spring 2026.
- Chetwood BankcoreStrategic partnership with Chetwood Bank for digital savings platform that won the IBS Intelligence Digital Banking Awards 2025 for Customer & Program Impact and was recognized as finalist at Fintech Finance Awards 2025.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Sandstone Technology competitors and assessment
Company assessmentDirect peers
- Thought Machine: Thought Machine provides Vault, a cloud-native core banking platform, along with digital banking and origination products for global banks and fintechs. Competes with Sandstone for cloud banking modernization deals at tier 1 and tier 2 banks.
- nCino: nCino offers a cloud-based Bank Operating System with strong loan origination and digital banking capabilities targeting commercial and retail banks. Direct competitor in the loan origination and digital onboarding space that Sandstone serves.
- Crealogix: Crealogix (now part of the Inventx Group) is a Swiss-headquartered digital banking software provider offering internet banking, mobile banking, and onboarding solutions to banks primarily in Switzerland and Germany. Comparable in product offering to Sandstone, though regionally focused on DACH.
- Mambu: Mambu provides cloud-native core banking and digital banking SaaS to challenger banks, neobanks, and financial institutions worldwide. Strong overlap with Sandstone on cloud-based digital banking and origination, though more focused on core ledger functionality.
- Backbase: Backbase is a Dutch-headquartered digital banking platform provider offering digital onboarding, internet/mobile banking, and loan origination capabilities to banks globally. Highly comparable to Sandstone across the same three core product pillars and similar target customer base of mid-tier and challenger banks.
- Q2 Holdings: Q2 provides digital banking and lending solutions primarily to community banks and credit unions in North America, with growing international presence. Comparable in digital banking platform offering and similar mid-tier financial institution customer focus.
Regional players
- BankBI: BankBI provides data analytics and reporting solutions for UK building societies and challenger banks. Indirect comparator serving the same UK mid-tier/building society segment that anchors Sandstone's customer base.
Broad incumbents
- Finastra: Finastra is a major financial software provider offering core banking, lending, and digital channel solutions to banks worldwide. A broad incumbent competitor with overlapping digital banking and loan origination capabilities, though typically targeting larger institutions.
- Infosys Finacle: Infosys Finacle is a banking platform product from Infosys offering core banking, lending, and digital banking solutions to banks globally. Competes with Sandstone in the digital banking and loan origination space, particularly in APAC and emerging markets.
- Temenos: Temenos is a large, established core and digital banking software provider serving banks in over 100 countries. Overlaps with Sandstone on digital banking, origination, and onboarding but operates at significantly larger scale and broader footprint.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Sandstone Technology social profiles
Digital presenceSandstone Technology financial estimates
Financial estimateRevenue estimate
Valuation estimate
Sandstone Technology leadership team
Management profileNumber of profiles
Profiles3 records
Sandstone Technology funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Sandstone Technology M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Sandstone Technology
What does Sandstone Technology do?
Sandstone Technology provides cloud-based, end-to-end digital banking software to financial institutions, comprising three integrated solutions: Loan Origination (digital lending from application to approval), Digital Banking (mobile app and internet banking for customer journeys), and Digital Origination (24/7 product discovery and onboarding). The platform is sold to banks and building societies to modernize lending, digital channels, and customer acquisition.
Is Sandstone Technology a public or private company?
Sandstone Technology is a private company. It is classified as unknown and is currently operating.
When was Sandstone Technology founded?
Sandstone Technology was founded in 1998. It employs 101 to 250 people.
Where is Sandstone Technology based?
Sandstone Technology is headquartered in North Sydney, Australia, in the Oceania region.
How does Sandstone Technology make money?
One revenue line is on record: enterprise Software Licensing.
Who are Sandstone Technology's main competitors?
Direct peers on record are Thought Machine, nCino, Crealogix, Mambu, Backbase and Q2 Holdings. BankBI is listed as a regional player. Broad incumbents are Finastra, Infosys Finacle and Temenos.
Does Sandstone Technology have an API?
No public API is recorded for Sandstone Technology.
What industry is Sandstone Technology in?
Sandstone Technology's product category is Digital Banking Software. Its primary akta.pro industry code is FSAGAHAA, Loan Origination Platforms (LOS) & Digital Application Journeys, with a secondary code of FSAGAAAB, Digital Account Opening & Onboarding (eKYC, eSignature, Origination). Its NAICS code is 5221 and its SIC code is 6199.