LONDON, 11 December 2019 – Trade Ledger™ and Mambu have partnered to transform bank and alternative finance lending to businesses. Trade Ledger™ will overlay its platform on the Mambu cloud banking platform to help lenders target the lucrative £1.2 trillion underserved mid-market commercial sector.
Roger Vincent, Chief Innovation Officer at Trade Ledger™ said: “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.” He continued:
“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.”
“Mambu’s composable banking approach blends perfectly with our vision for a brand-new mid-market transactional banking and trade infrastructure. Through an API-driven architecture, the Trade Ledger and Mambu platforms come together with Mambu Process Orchestrator allowing our customers to significantly reduce the cost of loan origination and servicing, improve customer experiences (internal and external), and rapidly increase the volume of their loan book – all without significant investment in more staff or resources.
“We are extremely excited to partner with Mambu because we know the transformative impact our combined technologies can have in the global commercial lending sector.”
Ben Goldin, Chief Technology and Product Officer at Mambu, added:
“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. 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.”
Trade Ledger™ (www.tradeledger.io) is the world’s first open banking platform that gives banks the ability to assess business lending risk in real-time. Our Lending-as-a-Service (LaaS) technology enables banks to address the £1.2 trillion of undersupply in trade finance lending globally while providing high-growth companies with the working capital needed to sustain growth.
We are a high-growth B2B enterprise technology company with customers and operations in the UK, Europe, Australia & Asia. In 2019 we raised £1.5M from investors including Hambro Perks.
Mambu was launched in 2011 with the vision to enable access to modern financial services for all. We make this possible by providing a modern cloud-native banking platform that not only competes with core products from traditional players, but changes the market through our composable banking approach. We’re bringing SaaS to banking at a time when it’s needed the most. Our customers range from top tier banks like ABN AMRO and Santander, to leading venture-backed fintechs like N26 and OakNorth to telcos like Globe Telecom. We enable them to build a modern banking or lending offering, in the cloud, by composing a best-for-purpose solution for their needs which is an order of magnitude more agile and cost-effective than the legacy approach to core banking. As a result, we’re taking on the $250B market of banking technology worldwide. We’re currently a team of over 200 people spread between our main offices in Amsterdam, Berlin, Singapore, London, Iași (Romania) and Miami servicing over 150 customers with over 18M end users in over 45 countries. We’ve raised over €42M to date with the latest round led by Bessemer Venture Capital in San Francisco. For more information, visit www.mambu.com, Twitter and LinkedIn.