back Back

10x and Iress partner to streamline lending for banks, building societies

By Gloria Methri

July 28, 2023

  • 10X
  • 10x Banking
  • Digital Transformation
Share

10x Banking, cloud, SaaS, core banking, 10x Bank Manager, SuperCore Cards, Digitisation, UK, FinTech10x Banking, the transformational cloud-native core bank operating system, and Iress, the company behind MSO, the mortgage sales and origination software, have joined forces to bring the collective power of their platforms to UK lenders.

The partnership will enable lenders to seamlessly connect MSO with SuperCore®, 10x’s next-generation core banking platform, enabling a greatly improved customer experience. This includes faster decisioning, a fully digital onboarding experience with real-time updates, and digitally native mortgage servicing.

It also removes manual data entry for lenders during product creation and account opening, which can be a major operational burden that’s prone to error. Through this integration and the modern, cloud-native technology that underpins it, lenders will benefit from streamlined data exchange and real-time mortgage servicing.

As a result, banks and building societies can complete mortgages faster, provide better customer care for the full lifecycle, and make the lending process simpler and more efficient.

Frankie Woodhead, VP of Retail and SME Banking at 10x said, “The partnership represents a significant milestone in our relationship with Iress for the UK mortgage market. Together, we are enabling mortgage institutions in the UK to seamlessly leverage both platforms. This integration will accelerate digital transformation efforts, driving innovation and unlocking new growth opportunities for our clients in the UK mortgage industry.”

Andrew Simon, CEO of Mortgages at Iress said “We are thrilled to collaborate with 10x Banking to provide seamless integration for UK mortgage institutions. By combining the strengths of MSO and SuperCore, we will empower mortgage institutions in the UK to unlock new levels of operational efficiency and deliver exceptional customer experiences. In an ever-changing landscape, efficient and secure integration between systems is paramount, especially in the mortgage industry.”

Previous Article

July 28, 2023

GoCardless becomes official payments partner for Swim England

Read More
Next Article

July 28, 2023

Viva Wallet adds Tap to Pay on iPhone for businesses

Read More






IBSi Daily News Analysis

regulations,

June 11, 2024

10X

Payments industry urges delay of APP fraud rules amid leadership change at Payment Systems Regulator

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Yabx & SimpliFi team to expand access to card issuance in MENA

Read More

Today

5 RegTechs enhancing compliance for India’s BFSI sector

Read More

Today

SaaScada renews partnership with NEXA for financial reporting

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023