Australia-headquartered non-bank lender Bluestone has announced going live with a new digital lending platform.

The new Amazon Web Services (AWS) hosted, cloud based platform features new loan origination and servicing capabilities to support lending operations.

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The Mambu-powered platform is supported by software companies NextGen and Katabat, while software consultancy Thoughtworks was associated during the development.

Mambu Australia & New Zealand general manager Kristofer Rogers said: “Mambu is incredibly proud to power Bluestone’s core platform upgrade, which will have far-reaching benefits for Australian brokers and borrowers.

“We believe that our cloud-native SaaS banking and financial services platform – along with the support of our team here in Australia – will help Bluestone deliver a future-ready digital lending platform, ensuring its continued success in the home lending market.”

The transition to the new platform will be carried out over the following months, with customers to be transferred in stages.

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Bluestone chief technology officer Jason Barry said: “Developing Bluestone’s new digital lending platform has been a massive undertaking involving many thousands of people hours, incredible support from our partners and, not least, the talent and creativity of the wider Bluestone team.

“This platform will put Bluestone’s technology on par with, and in some ways, ahead of, the best in our industry.”

Bluestone specialises in residential home loans. It has around 275 professionals in Australia, New Zealand and the Philippines.