Business Savings
“Can Aldermore's Business Savings division modernise its core banking infrastructure fast enough to compete with digital-first challengers for UK SMB deposits?”
HQReading, United Kingdom
IndustryBank / Community
The story
Aldermore Bank is a UK challenger/specialist bank that offers business savings products. The IBS Intelligence report indicates the bank is modernising its Business Savings platform using Temenos core banking technology, signalling a move toward digital transformation of its savings infrastructure. Beyond this single confirmed modernisation initiative, the broader embedded finance stack is not publicly evidenced.
Product timeline
2024
Aldermore Bank engaged Temenos to modernise its Business Savings platform, as reported by IBS Intelligence.· banking
The stack
Banking / BaaS
Accounting gap: none