Looking to build new products and scale without extensive customisations to legacy code, Bluestone migrated to a more flexible digital lending platform to support their growth journey.
Bluestone
Bluestone is a fast-growing Australian non-bank lender specialised in prime and non-prime residential home loans. With case by case assessment of each loan, personal support for every step of the application, and complete transparency, Bluestone works to take stress out of the box home loan process.
Bluestone was struggling with the existing legacy loan management system. They were unable to create and expand existing product set without extensive customisations to legacy code. In 2020, Bluestone decided to migrate their legacy to a more flexible, agile digital lending platform that can support their growth journey.
The upgraded, digital lending platform includes a significant number of new features and improvements, including a suite of new loan origination and servicing capabilities, and takes Bluestone from a legacy system to an Amazon Web Services (AWS) hosted, cloud based platform, powered by Mambu.
The upgraded digital lending platform has resulted in 25 per cent growth for Bluestone for the quarter following the implementation, with this attributed to the combination of the use of the latest technology and Bluestone’s personalised approach to each application.
From legacy tools to a flexible and agile digital lending platform hosted on Amazon Web Services (AWS), powered by Mambu, built for scale and growth.
