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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 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 is the UK’s fastest growing SaaS cloud banking platform. Launched in 2011, Mambu 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.

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