Your IndustryAug 11 2015

Atom and Iress announce strategic partnership

twitter-iconfacebook-iconlinkedin-iconmail-iconprint-icon
Search supported by
Atom and Iress announce strategic partnership

Technology supplier Iress and challenger Atom Bank have today (11 August) announced a long-term strategic partnership.

Atom will be the first client to implement the latest version of Iress’ mortgage sales and origination (MSO) product, which has been re-engineered to enable the system to meet the needs of challenger banks and regional building societies, as well as traditional high street lenders.

The firms said that MSO will provide sales and originations functionality to launch Atom’s mortgage proposition. Intermediaries will benefit due to “straight-through processing and workflow powered automation, from scan and attach at point of sale to automated offer production”.

The MSO will be implemented as a managed service to avoid the demands of ongoing maintenance and support, “avoiding the expense” of investment in infrastructure.

Andrew Simon, UK executive general manager at Iress, said that as the first wholly digital bank to gain a UK banking licence, Atom wants to differentiate its mortgage proposition.

“Highly flexible architecture has allowed us to support the rapid development of Atom’s proposition, whilst making the mortgage sales and originations process as seamless and efficient as possible.

“Encompassing a responsive web design that enables on-demand, multi-device access, we believe this next generation MSO is a compelling product offering for the digital banks and lenders of tomorrow.”

ruth.gillbe@ft.com