Mambu and Aldermore Bank enter strategic partnership in the UK

By Gloria Methri

Mambu, a leading cloud banking platform, and Aldermore Bank, a UK retail bank and specialist lender, have entered a strategic partnership.

Aldermore Bank provides financing for homeowners, landlords, and business owners, as well as 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 is one of the UK’s fastest-growing SaaS cloud banking platforms. Launched in 2011, the platform 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.