Atom Bank To Contract With Iress

Atom Bank To Contract With Iress
11.08.2015 01:00 am

Atom Bank To Contract With Iress

Banking , Infrastructure

UK startup Atom Bank is to be the first client for a re-engineered mortgage origination platform designed to meet the needs of digital challenger banks by Iress

Atom Bank is laying down the gauntlet to traditional high street competitors by building an online bank capable of handling customer interactions from end-to-end in a purely digital format.

The bank has already contracted with Intelligent Environments for its mobile apps, and FIS for a streamlined back office, and now becomes the first client to implement the latest version of Iress’ MSO product, which has been re-engineered to meet the digital demands of challenger banks and regional building societies, alongside traditional high street lenders.

MSO will provide Atom with sales and originations functionality to provide straight-through processing and workflow automation for its mortgage platform, from scan and attach at point of sale to automated offer production for intermediaries. 

Encompassing a responsive Web design for multi-device access, MSO will be implemented as a managed service, freeing Atom from expensive investment in infrastructures and ongoing maintenance and support.

Speaking from the bank’s Durham HQ, Atom mortgage lead Maria Harris says: “MSO will underpin our business vision and allow us to deliver this within our desired timescales and budgets."
 

Related News

Wolters Kluwer Innovates with New Banking Tech Launch to Facilitate Paycheck Protection Program

Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-... Read more »

More than 90% of UK consumers claim technology offering impacts their choice of bank, fintech finds

 Research conducted by new entrant to the UK fintech market, Modularbank, in partnership with market research specialists, OnePoll, has found that over 90% of... Read more »

Pannovate partners up with Salt Edge to deliver instant PSD2 compliance

Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer... Read more »

National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19

Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get... Read more »

Celent Recognizes Backbase as a Leader in Digital Onboarding and Origination Solutions

Backbase, the leading omni-channel digital banking platform, announced today that it has topped Celent’s Retail Banking Customer Onboarding Platform vendor assessment, winning... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel