Trade Ledger, the mid-market lending-as-a-service platform for banks and alternative finance providers has partnered with cloud banking platform Mambu. Trade Ledger will overlay its platform on the Mambu cloud banking platform to help lenders target the £1.2 trillion mid-market commercial sector.
“A major problem for commercial lenders is the selection and integration of ‘best-of-purpose’ banking technology which supports their increasingly diverse and digital lending operations,” said Roger Vincent, chief innovation officer at Trade Ledger. “With cloud-native best-for-purpose banking technologies providers like Trade Ledger and Mambu, commercial lenders can now design, configure and implement brand new commercial lending products almost instantly, re-imaging the customer experience through data-driven lending.”
Through an API-driven architecture, the Trade Ledger and Mambu platforms come together with Mambu Process Orchestrator, allowing customers to reduce the cost of loan origination and servicing, improve customer experiences (internal and external), and rapidly increase the volume of their loan book, without significant investment in more staff or resources.
“No single vendor can be the best at all components of a banking architecture which is why we partner with the best-of-service providers like Trade Ledger to offer customers simplicity, ease of integration and speed," said Ben Goldin, chief technology and product officer at Mambu. "Trade Ledger is closely aligned to our composable banking approach which helps financial providers create modern customer experiences to compete in the fintech era — and constantly evolve them to respond to change.”
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