What Monument Technology does

Monument Technology Limited is a UK-based banking technology company that provides a cloud-native Banking Platform-as-a-Service (BPaaS) to financial institutions. Founded in 2023 as a spin-out from Monument Bank, the company licenses a pre-integrated, end-to-end platform that combines core banking (Mambu), CRM and customer data (Salesforce), cloud infrastructure (AWS), payments, compliance, decisioning, and digital channels under a single contract with an annual fee. Its proprietary Intelligent Orchestration Layer sits above the vendor stack, embedding business logic, workflows, decisioning, and reporting to deliver a cohesive operating model. The platform can be consumed as a full 'bank in a box' or in modular pieces spanning deposits/savings, lending, and (forthcoming) transactional banking.

The company targets UK and international banks, building societies, and fintechs through a horizontal go-to-market, with direct enterprise sales led by a commercial team supported by solutions engineers. Its two flagship clients are Ecology Building Society (full deployment completed April 2026) and Castle Trust Bank (its first UK-regulated bank client, with migration of 36,000 customers and £1.5 billion in deposits targeted for early 2027). Monument Technology employs 11–50 staff, is headquartered at 33 Cavendish Square, London, and was recognised as Banking Tech Start-up of the Year in December 2025. Revenue is generated primarily through subscription-based annual licences, supplemented by implementation and migration professional services. In June 2026 the company closed an oversubscribed seed round of approximately £18 million ($23.7M) and has commenced a Series A round with commitments already secured at a higher valuation, reflecting strong early commercial traction.

Name

Monument Technology

Legal name

Monument Technology Limited

Website

https://monument.tech

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

11–50 employees

Short description

Monument Technology provides a cloud-native Banking Platform-as-a-Service (BPaaS) to banks, building societies, and fintechs, combining Mambu, Salesforce, and AWS through a proprietary orchestration layer under a single annual contract.

Ownership category

akta.pro rank

Product category

Core Banking Platform / Banking Platform-as-a-Service (BPaaS)

SIC

Finance Services (6199)

akta.pro primary industry

BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

akta.pro secondary industries

Neobank Core Platform (Retail/SME Digital Bank) (FSAGAAAA), Digital Banking & Neobank Platforms (BPAMAFAD)

Keywords

• Banking platform as a service
• Core banking software
• Cloud-native banking
• Digital banking infrastructure
• Financial services technology

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Banking-Platform-as-a-Service Annual Licence: Monument Technology licenses its BPaaS platform to financial institutions under a single annual fee that covers all third-party licenses, feature delivery, platform maintenance, and ongoing evolution. This is the primary revenue stream. The platform can be consumed in whole ('bank in a box') or in part as required.
2. Professional Services (Implementation): Implementation and migration services are delivered to clients as part of onboarding onto the BPaaS platform. While the annual licence fee covers ongoing maintenance, migration and cutover support represents a component of overall client engagement revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Monument Technology provides a cloud-native Banking Platform-as-a-Service (BPaaS) that delivers all the technology required to operate a digital financial institution under a single contract with one annual fee. The platform combines pre-integrated best-of-breed components — Mambu core banking, Salesforce for servicing, and AWS infrastructure — wrapped in a proprietary Intelligent Orchestration layer, alongside native mobile/web digital channels, deposits/savings, lending, and transactional banking modules. It is sold to banks, building societies, and fintechs as a 'bank in a box' or as selected modules.

Product overview

Monument Technology offers a Banking-Platform-as-a-Service (BPaaS) — a single, unified platform-plus-modules architecture. The core BPaaS platform provides end-to-end banking infrastructure (digital channels, core banking, servicing) pre-integrated with best-of-breed components. This platform is complemented by modular add-on capabilities: the Deposits/Savings Module for retail and SME savings products, the Lending Module for end-to-end mortgage and lending journeys, and the Transactional Banking Module for current accounts and payments (the latter marked as 'Coming soon'). The Intelligent Orchestration Layer serves as the central brain connecting these components, while the Native Digital App provides customer-facing mobile and web channels. All offerings are delivered under a single annual contract covering third-party licenses, feature delivery, and platform maintenance.

Differentiator

Problem solved

Functional benefit

Products and services

• Banking-Platform-as-a-Service (BPaaS) A pre-integrated, end-to-end cloud-native banking platform delivering all the technology required to run a digital financial institution — digital channels, core banking, servicing, and back-end capabilities — under a single contract with one annual fee. Sold to banks, building societies, and fintechs as a 'bank in a box' or selected modules.
• Deposits / Savings Module
• Lending Module End-to-end mortgage and lending journey connecting underwriters, brokers and customers through a single integrated experience, with automated underwriting, broker portal with real-time tracking, third-party data integrations, and compliance tools.
• Transactional Banking Module Current account and payment capabilities including integrated current accounts, real-time payments and transfers, card issuing and management (physical and virtual), digital KYC and onboarding, and account switching support.
• Intelligent Orchestration Layer Proprietary central 'brain' of the platform that embeds advanced business logic, intelligently connecting and orchestrating the platform's customised components to deliver agile, flexible, and compliant workflows, decisioning, and reporting.
• Native Digital App (iOS, Android, Web) Pre-integrated native iOS, Android, and web application providing seamless onboarding, secure messaging, in-app calling, and video chat. Configurable front-end through APIs and Contentful CMS for tailored customer journeys.

Quantifiable outcome

• Up to 50% reduction in costs and time to implement
• +5 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature6 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• Castle Trust BankflagshipImplementation/ SI/ Consulting Partner · 24 April 2026Castle Trust Bank partnered with Monument Technology to deploy its cloud-native BPaaS across the bank's savings business. This is the company's first partnership with a UK-regulated bank. Migration covers approximately 36,000 customers and £1.5 billion in deposits, targeted for completion in early 2027.
• Ecology Building SocietyflagshipImplementation/ SI/ Consulting Partner · 8 May 2024Ecology Building Society deployed Monument Technology's BPaaS, with full deployment completed in April 2026. The society selected Monument because of the company's unique 'built and used' approach, which gave confidence in delivering a modern, digital-led service for members. Ecology Building Society's CEO Gareth Griffiths is quoted endorsing the platform.
• MambucoreTechnology or IntegrationMambu provides the core banking technology that powers Monument Technology's BPaaS platform. The platform runs on Mambu's core banking infrastructure. Monument Technology integrates Mambu alongside Salesforce and AWS to deliver a complete end-to-end banking platform.
• SalesforcecoreTechnology or IntegrationSalesforce powers Monument Technology's servicing platform and customer data layer. The highly customised servicing platform integrates directly with the digital front end and provides a 360-degree view of the customer, enabling 5-star customer service with cost efficiency.
• AWScoreTechnology or IntegrationAmazon Web Services provides the cloud infrastructure layer for Monument Technology's BPaaS platform, hosting all platform components in a cloud-native environment.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• nCino: Cloud banking platform focused on commercial, retail and mortgage workflows for financial institutions. Overlaps with Monument's Lending Module and broader digital banking proposition.
• 10x Banking: UK-headquartered cloud-native core banking platform serving challenger and incumbent banks. Competes head-to-head with Monument for the same mid-tier and challenger bank modernisation deals.
• Thought Machine: UK-based cloud-native core banking platform vendor selling Vault to tier-1 and challenger banks globally. Directly comparable to Monument as a next-generation core banking / BPaaS provider targeting banks seeking to replace legacy infrastructure.
• Backbase: Engagement banking platform serving mid-market and large banks with a unified digital front-end, servicing and origination layer. Comparable to Monument's digital channels and Salesforce-powered servicing stack.

Broad incumbents

• Temenos: Global incumbent vendor of core banking software with a broad portfolio including digital and SaaS offerings. Represents the legacy competitor that Monument's BPaaS proposition is positioned against.
• FIS: Global incumbent financial technology provider with a broad banking software portfolio including core systems and digital channels. Represents the legacy alternative to Monument's cloud-native BPaaS.
• Mambu: Composable core banking platform provider and Monument's own core technology partner. Mambu sells directly to banks and also via partner-led BPaaS models, making it both partner and competitor.

Emerging players

• ClearBank: UK clearing bank offering embedded banking infrastructure (accounts, payments, BaaS) to fintechs and banks. Comparable as a UK BaaS alternative targeting similar institutional customers.
• Tuum: Estonian-headquartered cloud-native core banking platform serving European banks and fintechs. Comparable next-generation core banking proposition for mid-tier institutions.

Regional players

• Solaris SE: European embedded finance platform offering banking-as-a-service to fintechs and corporates across the EEA. Comparable BaaS proposition with a continental European footprint overlapping with Monument's international expansion target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/monument-technology

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monument Technology