Richard Broadbent, Managing Director, Sopra Banking Software UK

Sopra Banking Software and UK-based mortgage lender Kensington Mortgages have renewed their managed services partnership for a five-year term. The partnership will allow Sopra to manage all core mortgage operations and makes Sopra responsible for the modernisation of Kensington’s core mortgage infrastructure, software environments and digital functionality.

Richard Broadbent, Managing Director, Sopra Banking Software UK, says: “We are very proud of the work Sopra Banking Software has done to help Kensington Mortgages achieve its innovation and business goals over the past ten years. We are excited to be continuing our partnership and helping Kensington Mortgages deliver enhanced operational performance and supporting their exciting plans.”

Founded in 1995, Kensington Mortgages is a non-bank specialist mortgage lender and an issuer of residential mortgage-backed securities in the UK with 16 securitisations totalling over £8billion since 2015.

Andrew Foreman, CIO, Kensington Mortgages commented: “In Sopra Banking Software we have a partner that is performing at best-ever levels. We are proud of the relationship and results we have achieved with Sopra Banking over the last decade. They remain a valued strategic partner in supporting the business drive we have, and we have great ambitions for the digital solutions in this next phase. We are delighted to be continuing our association with Sopra Banking Software and are confident that our business objectives align very well with Sopra’s digital software and service portfolio.”

Recently, Rabobank International Direct Bank (IDB) has selected Sopra Banking Software’s Digital Experience Platform in a bid to comply with the PSD2 regulations.

by Megha Bhattacharya
Market Analyst at IBS Intelligence