Atom and IRESS announce major partnership
11 August 2015
IRESS, the leading supplier of innovative technology for financial markets, wealth management and the mortgage industry, and Atom, the bank that was born digital, today announce a long term, strategic partnership.
Atom will be the first client to implement the latest version of IRESS’ MSO product, which has been reengineered to enable the system to meet the varied needs of challenger banks and regional building societies, alongside traditional high street lenders.
MSO will provide Atom with market-leading sales and originations functionality to launch its mortgage proposition. Straight-through processing and workflow powered automation, from scan and attach at point of sale to automated offer production, will give intermediaries reduced time to offer and provide a consistent and transparent mortgage originations process.
MSO will be implemented as a managed service, freeing Atom from the demands of ongoing maintenance and support, and, avoiding the expense of investment in infrastructure.
Andrew Simon, UK Executive General Manager (Product), IRESS said: “As the first wholly digital bank to gain a UK banking licence, Atom wants to differentiate its mortgage proposition. Our MSO product fully supports digital banking by harnessing the latest technologies to provide a highly integrated, configurable and modular solution. 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.
“We have focused our investment in MSO to ensure it continues to stay ahead of the curve and it is designedto meet the mobile first, omni-channel demands of the evolving UK mortgage market. Encompassing aresponsive 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.”
Speaking from the bank’s Durham HQ, Atom mortgage lead Maria Harris said: “IRESS was a natural fit to support our proposition and they have been great partners to work with. MSO will underpin our business vision and allow us to deliver this within our desired timescales and budgets. Atom has been licenced because it will meet the needs of today’s consumer and IRESS’ MSO provides the technology to make this a reality.
