Alba Bank migrates to new cloud banking platform

Latest News

Alba Bank migrates to new cloud banking platform

By Alexandra Leonards

10/10/2023

Scottish neobank Alba Bank has said it is moving to Mambu’s cloud banking platform to help manage its SME lending services, as well as its retail and business deposits.

The bank said that by switching platforms it is “embracing a composable approach” and speed up its agility and speed to market.

According to research from Mambu, over the past five years more than half of UK SMEs have been unable to secure any or sufficient funding to cover the needs of their business, on at least one occasion.

“We’re excited to be working with Mambu, and fully embrace a cloud-first approach as this will enable us to build our products quickly, and adapt to ever-changing market demands," said Sandeep Kadam, chief technology officer, Alba Bank. "At times when SMEs are being underserved by traditional lenders, speed to market is crucial - especially as SMEs are the backbone of the UK economy.”

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime

The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence

Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running

In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX

In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.