Scottish Building Society adopts Iress MSO software to drive growth

By Gloria Methri

Iress has entered a partnership with the Scottish Building Society to help drive the Society’s next phase of growth. As part of a strategy to scale, create operational efficiencies, and automate manual processes, the Scottish Building Society will be implementing Iress’ MSO software.

Scottish Building Society, which operates primarily in Scotland, has recently reported sustained growth and another year of positive results. To continue that momentum, it wanted to invest in a mortgage technology platform that would enable it to grow, reduce manual intervention, and support an improved mortgage journey.

Scottish Building Society selected MSO to enable it to optimise efficiencies, adapt to changing market conditions and deliver intelligent and engaging customer experiences.

Iress CEO, Mortgages, Andrew Simon said, “We are thrilled to be a critical part of the Society’s growth plans, and we are honoured for the world’s oldest remaining building society to adopt MSO. We have seen strong demand from leading building societies, including Darlington and Leek, to select our technology as part of the drive for efficiency and automation. The announcement is a testament to the Scottish Building Society’s constant desire to innovate and scale through technology.”

Scottish Building Society’s CEO, Paul Denton said “We are delighted to be working with Iress to improve the mortgage process for brokers and members as we continue to grow, helping more people achieve their dream of owning their own home.”

Iress is a technology company providing software to the financial services industry. It provides software and services for trading and market data, financial advice, investment management, mortgages, superannuation, life & pensions, and data intelligence. Iress’s software is used by more than 10,000 businesses and 500,000 users globally and has over 2,250 people based in Asia-Pacific, North America, Africa, the UK, and Europe