Aussie mortgage firm Bluestone goes live with Mambu
Australian non-bank lender Bluestone has gone live with a new digital lending platform from Mambu.
Founded in 2000, Bluestone is a residential mortgage lender which handles AUD 10 billion in home loans across Australia and New Zealand.
The firm is moving from an on-premises legacy banking system to a Mambu platform hosted on Amazon Web Services (AWS) and supported by NextGen and Katabat.
Bluestone also enlisted the help of software consultancy Thoughtworks for the development of its new lending services.
Part of the Mambu implementation involves the launch of a new internet banking platform. The new service includes real-time payments provided by Split Payments.
“This investment in technology demonstrates our dedication to supporting the broker community,” says Bluestone chief customer officer James Angus.
“This system upgrade ensures that our brokers can have access to a more streamlined experience that will help them deliver better outcomes.”
Bluestone CEO Campbell Smyth says the long-term benefits of its new system will allow his firm to “stamp itself as an industry leader in lending”.
The vendor secured a €110 million funding round in January, which saw its valuation rise to €1.7 billion.