Aldermore Bank partners with cloud banking platform Mambu

Could banking platform Mambu and retail bank and specialist lender Aldermore Bank 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 was formed to help Aldermore modernise the way it uses technology to provide a differentiated experience to its customers.

Launched in 2011, Mambu is a SaaS cloud banking platform that tracks the design and build of nearly any type of financial offering for banks of all sizes, lenders, fintechs, retailers, telcos and more.

Its composable approach means that independent components, systems and connectors can be assembled in any configuration to meet business needs and end user demands.

Aldermore joined 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.