New UK lender Interbridge Mortgages taps Mambu for retail mortgages solution

Interbridge Mortgages, a recently established lender based in Cardiff, is entering the UK mortgage market with support from Mambu, a core banking technology provider. Utilizing Mambu’s retail mortgages solution, Interbridge offers a range of second charge mortgage variants, from £15,000 to £500,000, with various terms and repayment options. The collaboration has allowed Interbridge to launch quickly, serving over 1,000 customers and distributing more than £60 million in loans within its first three months. This partnership highlights a growing trend among European lenders adopting cloud-based banking solutions for streamlined operations. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures