Alba is a new UK-based challenger bank, that aims to help the underserved small- and medium-sized enterprise (SMEs) sector. At its core foundation, Alba was designed with the business customer in mind and with a mission to help fuel economic growth in Scotland and the wider UK regions. This is how Alba makes banking better.
” We chose Temenos SaaS technology as it allowed us certainty of cost, and a model which is really important when establishing a new challenger bank. We needed an established partner with an established relationship with a number of other banks, on which we could then leverage. ”Rod Ashley, CEO at Alba
Alba selected Temenos as its core banking platform running in the cloud. The Glasgow-based neobank, uses Temenos Infinity, the breakthrough digital front office product, and Temenos Transact, the next-generation core banking product. Pre-configured UK Model Bank functionality helps Alba to meet its regulatory compliance goals, while the cloud deployment using Temenos SaaS will keep costs low and contribute to a fast return on investment.
”It is important for us that Alba is ‘born in the cloud’, with market requirements already built in enabling us to set up our bank quickly. Serving both incumbent and challenger banks, Temenos has the knowledge and the ability to deliver a timely, cutting-edge and future-proof digital banking platform.”Rod Ashley, CEO at Alba
The partnership between Alba and Temenos has grown in the last 2 years since the bank has been established and continues to grow stronger with the expansion of the bank. The shared vision of openness, transparency as well as the customer-centricity constitutes a strong foundation for an ongoing partnership.