Allica Bank completes migration to Lendscape platform

Allica Bank has completed a full migration to Lendscape’s cloud-native lending platform, a move the challenger bank says will support its rapid growth and expand its digital capabilities.

The transition, finalised on schedule, followed Allica’s decision last year to adopt Lendscape as part of a broader upgrade of its technology infrastructure. The bank, which received its licence in 2019, has grown quickly in the UK SME lending market and has issued more than £3.5 billion in loans to established businesses. Deloitte has previously identified Allica as one of the fastest-growing fintechs in the country.

According to both companies, the migration proceeded without operational disruption. Lendscape’s system is built around an API-first architecture intended to integrate with existing banking tools while automating administrative processes. Allica said the new platform is expected to improve internal efficiency and free up staff capacity.

Steve Taplin, Chief Product Officer at Lendscape, said concerns about complex system changes often hold lenders back from modernising.

“Migration anxiety is one of the biggest barriers to digital transformation in lending,” he said, adding that the project with Allica demonstrated an alternative approach that maintains business continuity.

Allica’s Deputy CEO, Niv Subramanian, described the move as an important step as the bank prepares for further expansion.

“The migration process was smooth and straightforward, with no impact on our customers – a real testament to the team’s implementation expertise and the flexibility of their platform,” she added.

The bank expects the platform to support future product development and provide more flexibility in how it delivers finance to small and medium-sized businesses.