Challenger Bank, Cloud, Core Banking System, Corporate & Commercial Banking, Lending, Partnerships, Payments, Service Oriented Architecture/SOA, SME Alba Bank, nCino BankingTech News Europe, North America, UK, USA

BankingBusinessCloud

Less than 1 min.Read

Scottish challenger Alba Bank taps nCino to power SME lending

November 23, 2023

Scottish challenger Alba Bank selects nCino’s cloud banking platform for SME lending in the UK.
Integrated into its core banking engine (provided by Mambu), Alba will use nCino’s platform for loan applications, monitoring, and digital loan decisions.
Expects increased automation for underwriters, speeding up loan disbursals.
The partnership, pending regulatory approval, follows Alba’s Authorised with a Restrictions banking license in March.
Launched in 2019, Alba initially used Temenos before switching to Mambu in October.
Strengthened senior leadership in September and enhanced SME payment capabilities through the ClearBank partnership.
Alba’s Chief Risk Officer sees the nCino partnership as crucial for end-to-end lending, enabling scalability and agility.
Alba joins other institutions like OneSavings Bank and Bendigo in adopting nCino’s core technology.

Hot this week

Topics

Related Articles

Popular Categories

FinTechBankingBusinessFundingAIPaymentsPartnership

spot_img

spot_img

Previous article

OpenAI’s initial new board counts Larry Summers among its ranks

Next article

US credit card fintech Petal reportedly eyeing potential sale