Mambu, a cloud banking platform, and Aldermore Bank, a UK retail bank and specialist lender, have entered a strategic partnership.
Aldermore Bank explains that it “provides financing for homeowners, landlords, and business owners, as well as award-winning savings accounts and motor finance.”
The partnership with Mambu will help Aldermore modernise the way it “uses technology to provide a differentiated experience to its customers.”
Mambu claims that it is among the UK’s fastest growing SaaS cloud banking platforms.
Launched in 2011, Mambu says that it fast-tracks “the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more. Its unique composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands.”
Aldermore joins 18 fully regulated banks in the UK, which “run on Mambu, in addition to 22 non-bank lenders and electronic money institutions (EMIs), such as GB Bank, Tide, Chetwood Financial, and Mutual Vision.”
Globally, over 260 customers in 65 countries “rely on Mambu, including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank. On Mambu, they are launching financial products and services at scale, while achieving greater reliability and accelerating time to market, all critical to responding to evolving customer needs.”
As covered recently, Mambu, a Software as a Service (SaaS) cloud banking platform, announced it is now available in AWS Marketplace, making it one of the first core banking providers on the site.
AWS Marketplace is a digital catalogue “with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).”
The announcement marks the next phase of Mambu and AWS’s decade-long relationship, which has “allowed the fintech to expand its reach and seamlessly deliver its core banking services globally.”
Mambu and AWS serve more than 200 mutual customers, “including N26, BancoEstado, and Western Union, all of whom leverage Mambu’s cloud banking platform on AWS.”
By making Mambu available in AWS Marketplace, it will be easier “for financial organisations to begin their cloud journeys and modernize their infrastructure to meet rapidly changing customer behaviours and expectations.”
Countries rely on Mambu, “including Western Union, Commonwealth Bank of Australia, N26, BancoEstado, Raiffeisen Bank, ABN AMRO, Bank Islam and Orange Bank.”
On Mambu, they are “launching financial products and services at scale, while achieving greater reliability and accelerating time to market, all critical to responding to evolving customer needs.”