Aldermore Bank is launching new savings notice accounts for small businesses and modernising its existing savings services.

Using technology from Temenos, the bank said it will improve time to market and scale efficiently as it seeks to grow customer deposits.

Aldermore added that it will consolidate multiple legacy systems on one cloud-based platform, which will enable the bank to increase efficiency and deliver better experiences to its customers.

The bank is also implementing “high levels” of automation to allow it to configure banking services to meet the specific needs of its client base.

The company will use pre-packaged capabilities tailored to the UK market as well as pre-defined user journeys and processes which will allow it to scale its offering according to customer demands, it added.

“This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market,” said Alex Myers, commercial director for savings at Aldermore Bank. “With Temenos SaaS, we can launch new products in record time, with the agility to adapt to the changing needs of our customers.”

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