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
Same company
Business Savings was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
1 layer disclosed in Business Savings’s embedded-finance stack
Banking / BaaS
Accounting gap: none