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Classified in: Science and technology, Business
Subjects: CON, ECO

Trade Ledger Partners With Mambu to Accelerate Mid-market Commercial Lending

Trade Ledger, the specialist mid-market Lending-as-a-Service platform for banks and alternative finance providers has partnered with Mambu, the leading cloud banking platform

LONDON, Dec. 11, 2019 /PRNewswire/ -- 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.

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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."

"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," said Vincent.

Ben Goldin, Chief Technology and Product Officer at Mambu, adds: "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 are 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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News published on 11 december 2019 at 03:00 and distributed by: