Mambu to provide core banking system in tech overhaul for Leeds Building Society.
In brief:
- Now with the formation of its latest agreement, the financial institution is set to transition its operations to Mambu’s software-as-a-service (SaaS) core banking platform, underpinned by Amazon Web Services (AWS).
- The Dutch vendor states that the cloud-based platform is capable of going live in four to nine months, and can make around 30,000 product configurations possible for adopters.
- Zandona adds that the vendor is “very familiar” with this endeavour, given that its technology is currently supporting 20 UK banks with their “complex transformation and migration programmes”.
What does this mean?
For Rob Howse, COO of Leeds Building Society, its agreement with Mambu seeks to address “the sustainability and flexibility of our existing banking systems”, and that the adoption of the core banking platform will “allow us to spend less time managing our legacy systems and more time focusing on improving our members’ experiences, which is our main priority”.
