Aldermore Bank, a UK-based challenger, has selected Temenos SaaS to “modernise its existing savings operations starting with quickly launching new savings notice accounts for small businesses”, according to the Swiss core banking vendor.Aldermore Bank selects Temenos’ SaaS serviceFounded in 2009 and a member of South Africa’s FirstRand Group, Aldermore acts as a retail bank and specialist lender, offering tailored financial solutions to SMEs, homeowners and intermediaries.Its services include mortgages, business financing, and personal and business savings accounts, with the company managing £20.5 billion in assets.In an endeavour to “rapidly deploy new products and increase efficiency”, Aldermore has adopted Temenos’ Business and Corporate Enterprise Service.Provided as Software-as-a-Service (SaaS), the platform grants access to over 100 pre-integrated fintech solutions for cards, digital engagement, identity verification, security, regulatory compliance, and more.Furthermore, Aldermore is set to migrate its existing business savings accounts to Temenos, aiming to consolidate “multiple legacy systems” into a “single, cloud-based solution”. Temenos claims this move will “increase efficiency” and bolster the challenger’s “customer-centric business model”.Aldermore’s partnership with Temenos builds on its 2023 collaboration with cloud banking platform Mambu, which focused on modernising its technology to enable the large-scale launch of financial products and services.
Mar. Feb 4th, 2025
